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Live Webcast Replay

Financial & Tax Accounting for S Corporations

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
ACPEN Tax Institute |  Accounting and Auditing
Steven C. Dilley, CPA, JD, PhD
Course Levels:
4 Hours
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


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

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
  • Required S status financial accounting disclosures
  • 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

Learning 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

Course Materials


Steven C. Dilley, CPA, JD, PhD's Profile

Steven C. Dilley, CPA, JD, PhD Related Seminars and Products

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.


Fri, Mar 01, 2024 - 11:00am to 02:42pm MST
Sat, Mar 09, 2024 - 01:00pm to 04:42pm MST
Fri, Mar 22, 2024 - 07:00am to 10:42am MDT
Mon, Apr 08, 2024 - 09:00am to 12:42pm MDT
Fri, Apr 19, 2024 - 11:00am to 02:42pm MDT
Fri, Apr 26, 2024 - 01:00pm to 04:42pm MDT

Additional Info

Basic Course Information

Prerequisites Basic working knowledge of S Corporation reporting
Advanced Preparation


Designed For CPAs in public accounting and members in industry dealing with financial accounting issues of S corporations
Original Recording Date 05/2023
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 02/09/2023

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (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:
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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.



Overall:      4.7

Total Reviews: 43


Roderick R

"The material was well organized, and the topic was timely for me. Got helpful "


"Very informative presentation!"

Nicholas C

"Brilliant course and should be mandatory that works with Sub S corps "just for tax purposes". Quite an eye opener"

Katherine B - Stuart, Florida

"Enjoyed the course."