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Wine Industry Fundamentals: Tax, Accounting and Auditing (5152817B)
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"If California were a separate country, it would be the world's fourth-largest wine producer. An industry of that size requires accounting and financial professionals who know the latest information on accounting, auditing and taxation. Experienced, knowledgeable practitioners will teach you what you need to know about tax, accounting and auditing for the wine industry. Topics will be determined by the planning committee and will be based upon what they are seeing in their practice or with clien

12/8/2015
When: 12/8/2015
9:30 AM - 5:30 PM
Where: Webcast/Webinar
Presenter: TBD, Instructor
Contact: April Deneault
801-834-6634


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If California were a separate country, it would be the world's fourth-largest wine producer. An industry of that size requires accounting and financial professionals who know the latest information on accounting, auditing and taxation. Experienced, knowledgeable practitioners will teach you what you need to know about tax, accounting and auditing for the wine industry. Topics will be determined by the planning committee and will be based upon what they are seeing in their practice or with clients.
All CalCPA Education Foundation conferences include:


    Free Wi-Fi
    Discounted parking
    Continental breakfast
    Networking lunch (Plated lunch provided)
    Afternoon refreshments


  Objectives:



    Recall basic principles of wine industry tax, accounting and auditing.
    Identify issues that could be problematic.
    Recognize legislative updates, and new tax and accounting standards.
    Outline best practices for winery operations.

   
    
        
   

Major Subjects:

 


2015 subjects will be updated soon. 2014 major subjects included:

    Fixed asset accounting
   
        Accounting for fixed asset acquisition, construction, reporting and depreciation
        Differences between GAAP treatment and tax accounting
        Self constructed assets
        Effect of the preproductive period cost election on depreciations of farm assets
        Acquisition accounting in business acquisitiong and combinations
   
   
    Inventory accounting
   
        LIFO
        Tax elections to simplify calculations or result in a more immediate tax benefit
        What belongs in wine costs in financial statement and tax returns 

                   

Designed For: CPAs and financial professionals who work in public accounting and have wine industry clients. Winery professionals who want a better understanding of what their CPA needs from them.
 

Prerequisite:  Basic understanding of tax and accounting. An understanding of the wine industry is helpful.

Advanced Prep:  None

Speaker:   TBD, Instructor

Vendor: CalCPA

Field of Study:     Specialized Knowledge and Applications

Level:  Overview

CPE Credit: 8 Hours

Acronym: WIC2

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

 

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