Proper Financial Accounting for S Corporations

Description

Proper financial accounting for S corporations involves adhering to specific accounting principles and tax regulations designed for this unique business structure.  This course examines the proper financial accounting for S Corporations.

Highlights

	
• Deferred tax accounting for S Corporations
	
• S elections and terminations – dealing with deferred taxes
	
• Financial accounting for capital stock and retained earnings
	
• S corporation shareholders’ equity
	
• Tax vs financial accounting for Accumulated Adjustments Account
	
• Financial accounting for loans to and from S shareholders

Objectives

	
• Apply financial accounting concepts to S corporations
	
• Identify planning strategies and potential pitfalls

Designed For

CPAs in public practice and members in industry seeking a better understanding of financial accounting for S Corporations