Financial and Tax Accounting for S Corporations

Course Details

Date

Tuesday, September 8, 2020

7:00am – 11:00am

Field of Study

Accounting

Course Number

CC1499

CPE Credit

4.0 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.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$139.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$199.00
Your Price $199.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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