Bookkeeping Basics: Using a Uniform Chart of Accounts (1526)
Practice Management |  Finance
Friday |  4:00 PM -  4:50 PM
Henry B. Gonzalez Convention Center||214B

 

Speaker(s)

Owen McCafferty
Owen E. McCafferty, CPA, Inc.

Since 1976, Owen E. McCafferty has devoted his professional efforts to the provision of tax, accounting, and practice management services for the veterinary profession. Mr. McCafferty collaborated in developing the VETEC formula for determining the value of a veterinary practice as well as assisted the primary authors of the CAPNA Chart of Accounts. He is a widely published author in the fields of veterinary financial and practice management and is co-author of the book THE BUSINESS OF VETERINARY PRACTICE. Mr.McCafferty has presented lectures in veterinary practice management throughout the United States, Canada, the Caribbean Basin, Japan, England, Ireland, and France since 1977. He is also a founding member and present shareholder of Veterinary Study Groups, Inc. and Companion Animal Practices, North America.

Presentation Info

CE Credit(s): 1.00
CE Level: 1

Description

The Chart of Accounts is a basis by which the business activity for a veterinary practice can be measured and quantified, not only in terms of determining the results of operations for a given month, quarter, semi-annual period, or even a year, but also provides a snapshot of the results of operations as it has interfaced with the statement of position. The Chart of Accounts reflects the health of the practice by measuring and quantifying, in an organized manner, information that can readily be compared to other practices. How does your practice stack up?

Learning Objectives

1. Attendees will better understand the importance of having a uniform Chart of Accounts and how to utilize it in their practice

2. Attendees will be taken through the detail of the Chart of Accounts so it may better implemented in a veterinary practice

3. Attendees will see the logice of the Chart of Accounts and how its information can be used for planning and decision making in the practice