Learn the fundamental business processes in a convenience store
Identify the tools used to manage the accounting processes and why periodic cutoffs are important
Recognize the essential balance process required in a retail store
Learn how to manage your inventory by category
Discover the retail method of accounting
Discuss the fuel supply chain and terminology surrounding fuel purchases and sales
Calculate basic fuel inventory costs and record the resulting journal entries
Account for complexities introduced by purchase agreements and special pricing
Know the importance of the motor fuel tax and filing the reconciliation with a brief discussion of EPA impact
Distinguish foodservice from retail accounting through business and reporting issues
Learn the basic methodologies used to account for foodservice in a combined foodservice and retail environment
Know what to do when the store is an agent for another entity and other rare transactions that need to be managed

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