Accounting for Truckers ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $116.00
Non-Member Price $133.00
Overview
Trucking operations tend to run on narrow margins, and so must operate well-designed accounting systems to help them identify and correct problems as quickly as possible. In this course, we describe the general principles of accounting as they apply to trucking operations, identify accounting transactions specific to trucking, demonstrate how to set up a record keeping system, control costs, measure performance, and much more.
Highlights
Financial accounting basics. Accounting cycle. Accounting transactions. Accounting equation. Accruals concept. Realization concept. Cash basis of accounting. Department of transportation fees. International registration plan tags. Heavy highway vehicle use tax, and more.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
Identify how the accounting cycle operates. Specify the characteristics of a double entry accounting system. Describe how the accrual method of accounting works. Identify the accounts typically included in a trucker’s financial statements. Specify how a balance sheet is constructed. Identify the general account classifications used on a balance sheet. Recall the elements of the journal entries used by a trucking business. Specify the contents of a payroll register. Identify the responsibilities of the parties when payroll is outsourced. Specify how to set up a record storage system. Specify the rules for dealing with cross-referencing in a filing system, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $133.00
Member Price $116.00