Financial and Tax Accounting for S Corporations

The start date for this course has passed. Registration is no longer available.

This course is 4.00 credits
Instructor
Steven C. Dilley, CPA, JD, PhD
Field of Study
Accounting
Course Level
Intermediate
Vendor
CPA Crossings LLC

Instructor

Steven C. Dilley, CPA, JD, PhD

Registration Fees

MSCPA-AICPA Member
$129.00
MSCPA Member
$129.00
AICPA Member
$129.00
Non-Member
$129.00
Return to Webinars List

Friday, Feb 9, 2018
11:00am – 3:00pm

Add this event to my calendar

This program addresses the many complex financial and tax accounting issues that are common in S corporation transactions, with discussion of common pitfalls and the new AICPA "small" GAAP accounting standards. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
This program addresses the many complex financial and tax accounting issues that are common in S corporation transactions, with discussion of common pitfalls and the new AICPA "small" GAAP accounting standards. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Designed For

CPAs in public accounting and members in industry dealing with financial accounting issues of S corporations.

Course Objectives

Provide an understanding of the financial accounting aspects of S corporations

Explore the common differences between financial accounting and tax accounting for S corporations.

Major Subjects

  • Review of the Accounting Standards Codification and its relationship to financial accounting for S corporations.
  • Review of OCBOA and its relationship to financial accounting for S corporations.
  • Review of the new AICPA "small" GAAP rules.
  • The impact of the entity's tax status history on its financial accounting.
  • Deferred tax accounting for S corporations.
  • Required S status financial accounting disclosures.
  • Financial accounting impact of the C to S election and the S to C election.
  • The relationship of financial accounting and the Form 1120S.
  • Financial and tax accounting for S corporation shareholder equity account.
  • Financial vs. tax accounting for loans to and from S corporations and their shareholders.
  • Financial accounting vs. tax accounting for S corporation investments in other entities.


Prerequisites

None

The start date for this course has passed. Registration is no longer available.