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Dairy Facts 2016
 
 

IDFA Workshop to Offer Financial Tools, Benchmarks and Insight

Mar 23, 2016

For a quarter of a century, IDFA’s Dairy Accounting and Finance Workshop has provided dairy accounting and finance professionals with information and tools to enhance their understanding of critical financial functions that are specific to dairy and to improve the bottom line for their companies.

“Twenty-five years ago we introduced the Dairy Cost Accounting Workshop as a forum to provide financial professionals in the dairy industry with the most current information about accounting techniques unique to our industry, said Neil Moran, IDFA senior vice president of finance, administration and trade show. “Since then, the Dairy Accounting and Finance Workshop has evolved into an annual event of broader scope, beneficial for both financial professionals and others in the industry.”

This year’s workshop, May 11-12 in Rosemont, Ill., will review the ins and outs of milk pricing, tax credits, cost segregation, federal and state milk reports, cost centers and how to measure plant efficiency. Other sessions will review the latest financial software, best practices in financial reporting, industry news and industry benchmarks for cheese, ice cream, milk and cultured products.

Speakers

Each year, the workshop is presented by Herbein + Company, Inc., a professional services firm that has advised dairy companies for more than 40 years.

Carl Herbein, CPA, President and CEO, Herbein + Company Inc.

HerbeinHerbein leads the firm’s team of experienced dairy accounting and professionals in providing services to a nationwide group of clients, including large multi-plant and small niche dairies processing fluid milk, frozen desserts, cultured products and cheese. Since founding the firm in 1972, Herbein has served as partner-in-charge of services for the majority of its dairy clients. He has visited and provided services to more than 150 dairy processing facilities of all types and sizes.




Ron Mong, CPA, Senior Manager, Herbein + Company Inc.

Mong

Mong has developed numerous spreadsheets and templates to assist dairies with their report preparation, including analysis and explanation of Producer Settlement Fund invoices, cooperative milk invoicing and settlements, and other milk accounting areas. Mong leads the dairy consulting practice for Herbein + Company and much of the dairy regulatory work. Mong has experience in milk accounting with dairies doing business in every federal order market in the country.




Sixteen hours of Accounting and Auditing Continuing Professional Education Credits (CPE) will also be awarded with the completion of this workshop. Registration is available here.

The deadline to reserve a room at IDFA’s special rate is April 25. For more information, contact Maria Velasco, IDFA meetings coordinator and registrar, at mvelsaco@idfa.org.

 
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