Webinar: Financial & Tax Accounting for S Corporations & Partnerships

WC2775 | Course | Intermediate | Scheduled

Description

This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S corporations, as well as discuss the tax

Credits

Number of Credits	Type of Credits
8.00	Accounting

Designed For

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

Prerequisites

Basic working knowledge of financial reporting and partnership and S corporation taxation.

Highlights

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

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

Preparation

None

Notes

Webinar Day - HELP and Assistance Instructions

The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
We recommend you log in early to ensure you are ready to go when the presentation begins.
IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.

Prices

Member (Early Bird): $239.00
Non-Member (Early Bird): $239.00

Member: $239.00
Non-Member: $239.00

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