Financial and Tax Accounting for S Corporations

Course Details

Date

Thursday, April 8, 2021

7:30am – 11:30am (Registration: 12:10am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

4 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

None

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.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

  • Review of the Accounting Standards Codification and its relationship to financial accounting for S corporations.
  • Review of OCBOA and its relationship to financial accounting for S corporations.
  • Review of the new 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.


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.

Designed For

CPAs in public accounting and members in industry dealing with financial accounting issues of S corporations.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$139.00

Non-Member Fee
$181.00

Your Price
$181.00

View All Professional Development Courses