Financial and Tax Accounting for Partnerships and LLCs (C46372)


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):

07/08/2020

Registration Open:

12:00 AM - 8:00 AM

Time:

8:00 AM - 12:00 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

4.00

Field(s) Of Study:

Accounting (4.00)

Level of Knowledge:

Intermediate

Price:

Member: $139.00
Nonmember: $159.00

Individual Discounts:

Not Available

Overview

To help understand how financial accounting applies in the partnership setting with special emphasis on accounting for capital accounts.

Highlights

  • Review of the Accounting Standards Codification and its application to partnerships and LLCs.
  • Review of OCBOA and its application to partnerships and LLCs.
  • Review of the new AICPA financial reporting framework for small and medium-sized entities.
  • Integration of these financial reporting approaches with accounting for issues in the formation of partnerships and LLCs.
  • Financial accounting issues arising from changes in ownership of partnership and LLCs.
  • Financial vs. tax accounting for partnership/LLC capital accounts.
  • Review of Section 704(b) substantial economic effect rules and their relation to financial accounting.
  • The integration of financial accounting for partnerships/LLCs with the Form 1065.
  • Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests.
  • Deferred tax accounting for partnerships/LLCs.
  • Completion of the Form 1065 Schedule M-1.
  • Financial accounting for the operations of a partnership/LLC.
  • Partnerships/LLCs as part of other entities.


Speaker(s)

Prerequisites

None