Inventory Accounting in the Cannabis Industry 2024

Overview

This course will cover GAAP COGS for Cannabis companies and various costing models. Financial statement requirements will also be discussed.

Highlights

• Understanding GAAP COGS and costing models for cannabis inventory.
• Common questions for GAAP inventory and COGS.
• Financial statement presentation and required disclosures.

Prerequisites

None

Designed For

CPAs, Attorneys, Enrolled Agents, Financial Professionals, and anyone interested in the fundamentals of this industry.

Objectives

• Determine GAAP accounting for inventory and COGS
• Recognize nuances related to cannabis COGS and accounting
• Identify common questions and general accounting

Preparation

Some knowledge of Cannabis accounting is recommended.