Financial & Tax Accounting for S Corporations & Partnerships (C67936)

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Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

05/12/2025

Registration Open:

12:00 AM - 8:00 AM

Time:

8:00 AM - 4:00 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

8.00

Field(s) Of Study:

Accounting (8.00)

Level of Knowledge:

Intermediate

Price:

Member: $239.00
Nonmember: $259.00

Individual Discounts:

Not Available

Overview

After attending this presentation you will be able to...

  • Distinguish the financial accounting and tax aspect of S corporation and partnerships with special emphasis on accounting for capital accounts

Highlights

The major topics that will be covered in this class include:

  • Review the Accounting Standards Codification, OCBOA/Special Purpose Frameworks, and AICPA financial reporting framework and their application to partnerships, LLCs and S corporations
  • Financial accounting issues arising from changes in ownership
  • Financial vs. tax accounting for partnership/LLC capital accounts
  • Section 704(b) substantial economic effect rules and their relation to financial accounting
  • The integration of financial accounting with Forms 1065 and 1120S
  • Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests
  • Deferred tax accounting for partnerships/LLCs and S corporations
  • Financial accounting for the operations of a partnership/LLC
  • Financial accounting impact of the C to S election and the S to C election
  • Financial and tax accounting for S corporation shareholder equity and partner capital accounts
  • Financial vs. tax accounting for loans to and from S corporations and their shareholders

Speaker(s)

Prerequisites

Basic working knowledge of financial reporting and partnership and S corporation taxation.