05262821 Level II Training Book

Accounting for Goods & Services • Food & Beverage • Hotel • External Comps – gas, golf, etc.

Record Points at Expected Cost (Gross Margin Analysis)

49

Incentive Programs (Chapter 6) (Slot Clubs, Promos, etc.) Characterization of Incentives:

(1) marketing incentives to induce potential customers to enter into transactions (Discretionary); or

(2) loyalty programs for customers based on activities or transactions undertaken (Non-discretionary).

50

BlueBird CPAs

25

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