Webcast: Automotive Dealership Balance Sheet and Income Statements (XSAUTO17)
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Most new CPAs that start working with Automobile dealers do not understand how a dealership operates or what automotive terms are used in these operations. Another problem facing new CPAs is how and why the dealership financial statement is structured. The goal of this seminar is help the beginning CPA understand the terms that used are in an automobile dealership and why these terms are important to the structure of the financial statement. Once the CPA understands these terms and financial sta

 Export to Your Calendar 8/24/2017
When: 08/24/2017
12:00 PM until 2:00 PM
Where: Webcast
SURGENT
AUTO-2017-01-WEBNR-236-01
United States
Presenter: Thomas Hern


Online registration is available until: 8/22/2017
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Acronym XSAUTO17
CPE 2 hours
Vendor Surgent
Category
Accounting & Auditing
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for The beginning accounting person to improve their understanding of automobile operations
Registration
Member $89
CPA Non-Member $114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Most new CPAs that start working with Automobile dealers do not understand how a dealership operates or what automotive terms are used in these operations. Another problem facing new CPAs is how and why the dealership financial statement is structured. The goal of this seminar is help the beginning CPA understand the terms that used are in an automobile dealership and why these terms are important to the structure of the financial statement. Once the CPA understands these terms and financial statement structure, they will have a better idea of how the dealership management staff is able to measure how the dealership in operating.

Objectives

  • Understand the accounts that make up an Automobile dealership Balance Sheet and Income Statement
  • Know automotive terms and how they apply to the business

Topics

  • Why the accounts on the Balance Sheet and Income statement are in a certain order
  • What each account represents
  • What importance does each account represent to the Controller
  • Have a basic understanding of automotive terms
  • Why the Balance Sheet has different information vs. the Income Statement