Webcast: Guide to the Business of Booze: Accounting for Restaurants & Bars (XSRESB120)
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Since Prohibition, the alcohol industry has operated according to a complex and heavily regulated system. The industry is now changing dramatically as the traditional “three tiers” clash with an Internet world and electronic sales. For CPAs handling the accounting for restaurant and bar clients, it is critical to understand the effect of these changes today as well as their implications for the future.

7/7/2020
When: July 7, 2020
12:00 PM until 2:00 PM
Where: Webcast
Surgent
RESB-2020-01-WEBNR-189-01
United States
Presenter: Ciro Poppiti, Esq.
Contact: Guide to the Business of Booze: Accounting for Restaurants & Bars
XSRESB120


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Acronym XSRESB120
CPE 2 hours
Vendor Surgent
Category
Accounting & Auditing
Level Basic
Yellow Book? No
Registration Fees
Members* $89
CPA Non-Members $114

*The member rate applies to LCPA members, other state CPA 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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Note: Online registration for webcasts closes approximately 48 hours before the course start time. To register within that timeframe, give us a call at 800.288.5272.

Course Description

Since Prohibition, the alcohol industry has operated according to a complex and heavily regulated system. The industry is now changing dramatically as the traditional “three tiers” clash with an Internet world and electronic sales. For CPAs handling the accounting for restaurant and bar clients, it is critical to understand the effect of these changes today as well as their implications for the future.

Objectives

  • Understand the traditional three-tier system for selling alcohol
  • Identify the role of the federal, state, and local regulators
  • Recognize how Internet sales and big box stores are changing the financials of the industry
  • Understand how the craft beer revolution is changing the financials of the industry
  • Understand the financials behind a restaurant and bar

Major Topics

  • Overview of the business of alcohol
  • Overview of the three-tier system
  • Role of the federal government (TTB, FDA, ATF)
  • Role of state and local regulators
  • Special issues for bars and restaurants, including Dram Shop Liability
  • Craft beer revolution
  • Out-of-state shipping; transshipping
  • Umbrella licenses / license compliance companies

Designed For: CPAs who advise clients that sell alcohol, especially bars and restaurants

Prerequisite: None

Note: Login instructions will be provided by the webcast vendor (Surgent).