Financial Accounting for Related Party Transactions
Monday, August 3, 2020
This program provides a detailed analysis of the FASB and AICPA rules for transactions with related parties.
- 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