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Live Webcast Replay

Financial & Tax Accounting for S Corporations

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Not yet rated
Categories:
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.
Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.
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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

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

IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_10_16_21 (442.7 KB) Available after Purchase

Faculty

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.

Dates

Sat, May 06, 2023 - 11:00am to 03:00pm MDT
Fri, May 12, 2023 - 01:00pm to 05:00pm MDT
Fri, May 26, 2023 - 07:00am to 11:00am MDT
Wed, Jun 07, 2023 - 09:00am to 01:00pm MDT
Thu, Jun 15, 2023 - 11:00am to 03:00pm MDT
Mon, Jun 19, 2023 - 01:00pm to 05:00pm MDT
Tue, Jun 27, 2023 - 05:00pm to 09:00pm MDT
Sat, Jul 01, 2023 - 09:00am to 01:00pm MDT
Fri, Jul 07, 2023 - 11:00am to 03:00pm MDT
Mon, Jul 24, 2023 - 01:00pm to 05:00pm MDT
Mon, Aug 07, 2023 - 07:00am to 11:00am MDT
Thu, Aug 17, 2023 - 09:00am to 01:00pm MDT
Thu, Aug 31, 2023 - 11:00am to 03:00pm MDT
Wed, Sep 06, 2023 - 01:00pm to 05:00pm MDT
Tue, Sep 12, 2023 - 05:00pm to 09:00pm MDT
Fri, Sep 22, 2023 - 09:00am to 01:00pm MDT
Wed, Oct 11, 2023 - 11:00am to 03:00pm MDT
Fri, Oct 20, 2023 - 01:00pm to 05:00pm MDT
Sat, Oct 28, 2023 - 07:00am to 11:00am MDT
Wed, Nov 01, 2023 - 09:00am to 01:00pm MDT
Fri, Nov 17, 2023 - 11:00am to 03:00pm MST
Thu, Nov 30, 2023 - 01:00pm to 05:00pm MST
Wed, Dec 06, 2023 - 07:00am to 11:00am MST
Tue, Dec 12, 2023 - 05:00pm to 09:00pm MST
Fri, Dec 22, 2023 - 11:00am to 03:00pm MST
Fri, Dec 29, 2023 - 01:00pm to 05:00pm MST
Wed, Jan 03, 2024 - 07:00am to 11:00am MST
Sat, Jan 13, 2024 - 09:00am to 01:00pm MST
Tue, Jan 23, 2024 - 11:00am to 03:00pm MST
Fri, Feb 09, 2024 - 01:00pm to 05:00pm MST
Mon, Feb 19, 2024 - 07:00am to 11:00am MST
Wed, Feb 28, 2024 - 09:00am to 01:00pm MST
Fri, Mar 01, 2024 - 11:00am to 03:00pm MST
Sat, Mar 09, 2024 - 01:00pm to 05:00pm MST
Fri, Mar 22, 2024 - 07:00am to 11:00am MDT
Mon, Apr 08, 2024 - 09:00am to 01:00pm MDT
Fri, Apr 19, 2024 - 11:00am to 03:00pm MDT
Fri, Apr 26, 2024 - 01:00pm to 05:00pm MDT

Additional Info

Basic Course Information

Prerequisites Basic 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 05/2023
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. 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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