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Surgent's A Review of an Automotive Dealership Balance Sheet and Income Statement (AUTO)
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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.

8/26/2016
When: Friday, August 26, 2016
11:00 AM - 1:00 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym AUTO
CPE 2 hours
Category
Accounting
Level Basic
Vendor Surgent
Who should attend

The beginning accounting person to improve their understanding of automobile operations

Prerequisite
None
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$109

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

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.

Major 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

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

 

 

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