Webinar: Financial & Tax Accounting for Partnerships & LLCs
WB1042 | Course | Intermediate | Scheduled
Description
This program compares and contrasts the financial accounting for partnerships and LLCs, as well as discusses the tax accounting for these entities, with a thorough discussion of the important differences between financial accounting for partnership capital accounts and the tax accounting for partnership capital accounts. Financial accounting for operations of a partnership will also be addressed.
This course does not qualify for IRS credit.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | 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 accounting
Highlights
- Review of the AICPA financial reporting framework for small and medium-sized entities
- Integration of these financial reporting approaches with accounting for issues in the formation of partnerships and LLCs
- Financial accounting issues arising from changes in ownership of partnership and LLCs
- Financial vs. tax accounting for partnership/LLC capital accounts
- Review of Section 704(b) substantial economic effect rules and their relation to financial accounting
- The integration of financial accounting for partnerships/LLCs with the Form 1065
- Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests
- Deferred tax accounting for partnerships/LLCs
Objectives
- Apply financial accounting in the partnership setting with special emphasis on accounting for capital accounts
- Identify the Accounting Standards Codification and OCBOA/Special Purpose Frameworks and their application to partnerships and LLCs
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $129.00
- Non-Member (Early Bird)
- $159.00
- Member
- $129.00
- Non-Member
- $159.00