Financial & Tax Accounting for S Corporations & Partnerships
Date/Time
11/14/2024
8:00 AM - 4:00 PM Central
8:00 AM - 4:00 PM Central
Course Registration
Credits
8 Credits
Event Type(s)
Webinars
Event Description
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.
Objectives:
After attending this presentation you will be able to...
Distinguish the financial accounting and tax aspect of S corporation and partnerships with special emphasis on accounting for capital accounts
Instructor:
Steven C. Dilley, CPA, JD, PhD
Fields of Study:
Accounting
Major Topics:
Objectives:
After attending this presentation you will be able to...
Distinguish the financial accounting and tax aspect of S corporation and partnerships with special emphasis on accounting for capital accounts
Instructor:
Steven C. Dilley, CPA, JD, PhD
Fields of Study:
Accounting
Major Topics:
The major topics that will be covered in this class include:
- 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
Location
Webinar
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