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Thursday, September 16, 2021 Live Webcast

Financial and Tax Accounting for Partnerships and S Corps (X2-19635)

9:00 AM - 5:00 PM EDT
webcast

Vendor Platform

8.0 CPE Credits in AA

OVERVIEW

DESIGNED FOR

CPAs in public practice and members in industry.

BENEFITS

After attending this presentation you will be able to...

  • Explore common differences between financial accounting and tax accounting for partnerships, LLCs and S corporations
  • Provide an understanding of partnership capital accounts and the financial accounting aspects of S corporations

HIGHLIGHTS

The major topics covered in this class include:

  • Review of the Accounting Standard Codification and its application to partnerships, LLCs, and S Corporations
  • Review of OCBOA and its application to different business entities
  • Review of AICPA financial reporting framework for small and medium-sized entities
  • Integration of financial accounting with Form 1065 and Form 1120S
  • Section 704(b) substantial economic effect rules and their relation to financial accounting
  • Deferred tax accounting for partnerships, LLCs and S corporations
  • Review of AICPA "small" GAAP rules
  • Financial accounting impact of the C to S and S to C election
  • Financial vs. tax accounting for loans to and from S corporations and their shareholders and S corporation investments in other entities
  • Financial and tax accounting for PPP loan forgiveness

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of the financial and tax accounting issues of partnerships and S corporations.

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.

PRICING

$219.00 - Member

$239.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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Print a registration form

COURSE DEVELOPER

CPA Crossings