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Thursday, May 29, 2025 Live Webcast

Financial & Tax Accounting for S Corporations (X4-7163224)

3:00 PM - 6:37 PM EDT
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

This program addresses the many complex financial and tax accounting issues that are common in S corporation transactions, with discussion of common pitfalls and the AICPA "small" GAAP accounting standards.

This course does not qualify for IRS credit.

DESIGNED FOR

CPAs working with S corporations and members in business and industry seeking to keep their knowledge current

BENEFITS

  • Apply key financial accounting aspects of S corporations
  • Explore the common differences between financial accounting and tax accounting for S corporations

HIGHLIGHTS

  • Review of the AICPA "small&" GAAP rules
  • The impact of the entity's tax status history on its financial accounting
  • Deferred tax accounting for S corporations
  • Required S status financial accounting disclosures
  • Financial accounting impact of the C to S election and the S to C election
  • The relationship of financial accounting and the Form 1120S
  • Financial and tax accounting for the S corporation shareholder equity account
  • Financial vs. tax accounting for loans to and from S corporations and their shareholders

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of financial accounting

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.
(4.4)

Steven C. Dilley, CPA, J.D., Ph.D. is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his Ph.D. in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.

PRICING

$129.00 - Member

$159.00 - Nonmember

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Note: Online pre-registration will close on May 29 at 2:30 PM.

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COURSE DEVELOPER

ACPEN

AREAS OF INTEREST