Financial Accounting for Related Party Transactions
Tuesday, February 23, 2021
This program presents a detailed analysis of the FASB and AICPA rules for transactions with related parties.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
To provide a working knowledge of the financial accounting rules for related parties and how they impact accounting transactions.
- FASB codification provisions for transactions with related parties, including business owners and special purpose entities.
- Compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.
- Reviews the tax accounting related taxpayers standards,
- Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards.