Webinar

Financial and Tax Accounting for S Corporations and Partnerships

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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 objectives

• 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.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $239.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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