Financial & Tax Accounting for S Corporations & Partnerships
Financial & Tax Accounting for S Corporations & Partnerships
CPE Credit:
8
Overview
Description:
This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S corporations, as well as discuss the tax accounting for these entities.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Field of Study:
Accounting (8.0 CPE)
Instructor
Instructor:
Steven C. Dilley, CPA, JD, PhD
Additional Details
Who should attend:
CPAs working with partnerships and LLCs and members in business and industry seeking to keep their knowledge current.
Program Level:
Intermediate
Program Content:
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
Learning Objectives:
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
Prerequisites:
Basic working knowledge of financial reporting and partnership and S corporation taxation.
Advanced Preparation:
None
Developed By:
Federal Tax Workshops, Inc
Format:
Group-Internet-Based
Course Code:
FTWFSCP8
Our Partners
NASBA Sponsor
Financial & Tax Accounting for S Corporations & Partnerships
Course Code:
FTWFSCP8
Program Level:
Intermediate
Description:
This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S corporations, as well as discuss the tax accounting for these entities.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Program Content:
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
Learning Objectives:
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
Who should attend:
CPAs working with partnerships and LLCs and members in business and industry seeking to keep their knowledge current.
Developed By:
Federal Tax Workshops, Inc
Instructor:
Steven C. Dilley, CPA, JD, PhD
CPE Credit:
8
Field of Study:
Accounting (8.0 CPE)
Prerequisites:
Basic working knowledge of financial reporting and partnership and S corporation taxation.
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$239.00
Upcoming Dates
- 6/13/2025 @ 9:00 AM
- 7/2/2025 @ 9:00 AM
- 8/12/2025 @ 10:00 AM
- 9/3/2025 @ 9:00 AM
- 10/23/2025 @ 9:00 AM
- 11/7/2025 @ 9:00 AM
- 12/1/2025 @ 9:30 AM
- 12/12/2025 @ 9:00 AM
- 1/21/2026 @ 9:00 AM
- 2/9/2026 @ 9:00 AM
- 3/3/2026 @ 9:30 AM
- 3/13/2026 @ 9:00 AM
- 4/1/2026 @ 9:30 AM
- 4/16/2026 @ 9:00 AM
All times are Eastern Time Zone
