Management Accounting for Dairy Businesses
Your accounting system is the foundation on which sound financial management decisions are made. Organizing your accounting system to provide “management information” as opposed to simply organizing it for tax preparation will provide huge benefits.
The instructors for this program have years of experience in both real life accounting for dairy businesses and teaching this topic to non-accountants. Participants will learn to implement proper accounting principles and practices in their every day accounting transactions.
They will also learn how to organize their data to provide valuable management information to the decision makers of the business, as well as how to read and interpret the various reports that a well organized accounting system can provide. This program is offered in a series of classes each designed to progressively build on the participants’ knowledge base:
- Class #1: Understanding and Implementing Basic Accounting Principles and Practices
- Class #2: Introduction to QuickBooks for Dairy Accounting
Class #1: Understanding and Implementing Basic Accounting Principles and Practices
The theory behind all accounting transactions is based on one simple equation. Keeping that equation in balance is the key to maintaining an accurate set of financial records. Participants in this program will learn how to implement proper accounting principles and practices through an innovative and highly effective teaching method that has been proven to significantly increase your understanding of the subject matter.
The instructor, Brad Hilty, Business and Information Management Specialist, is a self-taught accountant with real life experience in providing accounting services to close to 100 dairy operations before joining Penn State. His ability to relate every topic in this program back to the daily transactions that occur at the farm level make it an effective learning experience. “The instructor makes the program” is a common comment on program evaluations.
January 22, 2010
Penn State Harrisburg campus, Room e308 Olmsted Building
Middletown, PA
Fee: $45 per class for first person from farm/ business; $25 per class each additional person. Register for 2 classes and save: $80 for first person from farm or business; $40 each additional person. To register:
Click here to register online with your Mastercard or VISA
Click here to print out a registration form to return by mail or fax
Time: 9:30 a.m. to 3:30 p.m.
Program instructor: Brad Hilty, information management specialist
Class #2: Introduction to QuickBooks for Dairy Accounting
Participants will learn how to effectively use QuickBooks to organize their accounting systems to provide the information needed for making sound management decisions. A standardized chart of accounts (COA) designed specifically for dairy businesses will be provided to all participants.
Instructors will teach the class how to: restore the standardized COA to their computer; personalize the COA for their operation; set up new accounts within the standardized COA; make deposits and write checks; implement an accrual accounting system through accounts payable and receivable features; reconcile accounts; search for specific transactions; evaluate the accuracy of their system using key reports; generate reports for business analysis.
January 13, 2010
Mercer County Cooperative Extension Office
463 North Perry Highway, Mercer, Pa.
January 21, 2010
Blair County Cooperative Extension Office
301 Valley View Boulevard, Altoona, Pa.
January 27, 2010
Somerset County Cooperative Extension Office
6024 Glades Pike Suite, 101, Somerset, Pa.
Fee: $45 per class for first person from farm/ business; $25 per class each additional person. Register for 2 classes and save: $80 for first person from farm or business; $40 each additional person. To register:
Click here to register online with your Mastercard or VISA
Click here to print out a registration form to return by mail or fax
Time: 9:00 a.m. to 3:30 p.m.
Program instructors:
• Brad Hilty, information management specialist
• Local accountants (certified QuickBooks instructors)
For more information about any class in the series:
Contact Brad Hilty at 888-373-7232 or at bhilty@psu.edu
Program developers:
• Bill Chess, Extension educator
• Erin Cuprinka, Extension educator
• Rob Goodling, Extension educator
• Gary Hennip, Extension educator
• Brad Hilty, management specialist
• Rodger Keith, Extension educator
• Brian Kelly, Extension educator
• Miguel Saviroff, Extension educator
• Gary Sheppard, Extension educator
Program sponsor:
Northeast Center for Risk Management Education
