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23WX-0196: Financial & Tax Accounting for S Corporations & Partnerships (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, April 19, 2023
8:00am - 4:00pm Central Time
8 CPE (8 technical)

Alternate dates & more options

This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S Corporations, as well as discuss the tax accounting for these entities.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • Review the Accounting Standards Codification, OCBOA/Special Purpose Frameworks, and AICPA financial reporting framework and their application to partnerships, LLCs and S Corporations
  • Financial accounting issues arising from changes in ownership
  • Financial vs. tax accounting for partnership/LLC capital accounts
  • Section 704(b) substantial economic effect rules and their relation to financial accounting
  • The integration of financial accounting with Forms 1065 and 1120S
  • Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests
  • Deferred tax accounting for partnerships/LLCs and S Corporations
  • Financial accounting for the operations of a partnership/LLC
  • Financial accounting impact of the C to S election and the S to C election
  • Financial and tax accounting for S Corporation shareholder equity and partner capital accounts
  • Financial vs. tax accounting for loans to and from S Corporations and their shareholders

Learning objective(s)

  • Distinguish the financial accounting and tax aspect of S Corporation and partnerships with special emphasis on accounting for capital accounts

Who should take this program?

CPAs working with partnerships and LLCs and members in business and industry seeking to keep their knowledge current.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $199.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $199.00
checkmark Standard Nonmember Fee $199.00

More program information

Instructor Steven Dilley, PhD, CPA, JD
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (8.0)
Level Intermediate
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. Basic working knowledge of financial reporting and partnership and S Corporation taxation.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.