Proper Financial Accounting for Partnerships and LLCs
Wednesday, Aug. 12, 2026
3-6:45 p.m. Central
4 CPE (4 technical)
Course code: 26WA-4482
View pricing
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
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Importance of Partnership capital accounts.
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Book vs tax capital accounts.
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Partnership capital contributions.
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Section 704(b) capital rules and OCBOA.
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GAAP balance sheet impact of capital contributions.
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Bonus and Goodwill methods.
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Ceiling Rule and Remedial allocations.
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GAAP partner capital accounts.
Learning objectives
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Apply financial accounting concepts to partnerships and LLCs.
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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
|
Standard Member Fee |
$149.00
|
 Standard Nonmember Fee |
$149.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$149.00
(Standard Nonmember Fee).
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Instructor
Douglas Van Der Aa, CPA, JD
Location
Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (4.0)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 107810
Prerequisites
Prereq.
Basic working knowledge of business taxation
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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