Webinar

Proper Financial Accounting for Partnerships and LLCs

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

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Although they are the most common entities for small and mid-sized business, financial (book) accounting for partnerships and LLCs are rarely discussed. This course examines the proper financial accounting for these tax-driven entities.

Major subjects

• Importance of Partnership capital accounts
• Book vs tax capital accounts
• Partnership capital contributions
• Section 704(b) capital rules and OCBOA
• GAAP balance sheet impact of capital contributions
• Bonus and Goodwill methods
• Ceiling Rule and Remedial alloc

Learning objectives

• Apply financial accounting concepts to partnerships and LLCs
• Identify planning strategies and potential pitfalls.

Who should take this program?

• CPAs in public practice and members in industry seeking a better understanding of financial accounting for partnerships and LLCs

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.