Financial & Tax Accounting for S Corporations
Total Credits: 4 including 4 Accounting - Technical
- Average Rating:
- Not yet rated
- Category:
- ACPEN Tax Institute | Accounting and Auditing
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
- Access for 30 day(s) after program date.
Description
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.
Basic Course Information
Learning Objective- 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/Special Purpose Frameworks and their relationship to financial accounting for S corporations
- Review of the 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
- Financial and tax accounting for PPP loan forgiveness.
Course Materials
| Important Course Information_Read First (487.5 KB) | Available after Purchase |
Faculty
Steven C. Dilley, CPA, JD, PhD Related seminars and products: 7
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Dates
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Wed, May 19, 2021 - 12:00pm to 04:00pm MDT
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Thu, Jun 10, 2021 - 08:00am to 12:00pm MDT
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Wed, Jun 23, 2021 - 12:00pm to 04:00pm MDT
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Fri, Jul 02, 2021 - 08:00am to 12:00pm MDT
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Wed, Jul 14, 2021 - 12:00pm to 04:00pm MDT
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Wed, Aug 04, 2021 - 08:00am to 12:00pm MDT
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Tue, Aug 17, 2021 - 12:00pm to 04:00pm MDT
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Thu, Sep 02, 2021 - 08:00am to 12:00pm MDT
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Tue, Sep 21, 2021 - 12:00pm to 04:00pm MDT
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Sat, Oct 02, 2021 - 08:00am to 12:00pm MDT
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Mon, Oct 18, 2021 - 12:00pm to 04:00pm MDT
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Wed, Nov 03, 2021 - 08:00am to 12:00pm MDT
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Thu, Nov 18, 2021 - 12:00pm to 04:00pm MST
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Fri, Dec 03, 2021 - 08:00am to 12:00pm MST
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Wed, Dec 15, 2021 - 12:00pm to 04:00pm MST
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Additional Info
Basic Course Information
PrerequisitesBasic working knowledge of S Corporation reporting.
Advanced Preparation
None
Designed For
CPAs in public accounting and members in industry dealing with financial accounting issues of S corporations
Original Recording Date
05/01/2020
Yellow Book
No
Course Developer
Federal Tax Workshop
Date Added to Catalog
04/01/2021
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Live Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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