Webinar

Proper Financial Accounting for Tax Driven Entities

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #000000; min-height: 14.0px} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} span.s1 {text-decoration: underline} Although they are the most common entities for small and mid-sized business, financial (book) accounting for partnerships, LLCs and S corps is rarely discussed.  We will examine proper financial accounting for these tax driven entities in critical transactions.

Objectives

*Apply  financial accounting concepts in the partnership, LLC and S corporation setting

*Gain a working knowledge of accounting for capital accounts

*Distinguish common differences between financial and tax accounting for tax driven entities

Highlights

*Partnership capital contributions

*GAAP partner capital accounts

*S elections and terminations - dealing with deferred taxes

*S corporation shareholder equity

*Retaining earnings and AAA

*Loans to and from S shareholders

Additional Information

Designed For

Practitioners and members in industry working with partnerships, LLCs and S corporations seeking to gain a better understanding of the financial accounting side of tax driven entities.

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Accounting

Course Number

171449893

Level of Knowledge

Intermediate

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