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Financial & Tax Accounting for S Corporations

8:30 am–12:15 pm ET

# of CPE Credits

4

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.

Objective

*Provide an understanding of the financial accounting aspects of S corporations * Explore the common differences between financial accounting and tax accounting for S corporations.

Highlights

* Review of the Accounting Standards Codification and its relationship to financial accounting for S corporations * Review of OCBOA/Special Purpose Frameworks and their relationship to financial accounting for S corporations * Review of the 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 * Financial and tax accounting for PPP loan forgiveness.

Who Should Attend

CPAs in public accounting and members in industry dealing with financial accounting issues of S corporations.

Required Knowledge

Basic working knowledge of S Corporation reporting.

Advanced Prep

None

Event Speaker(s)

Mr. Steven C. Dilley, CPA, JD, Ph.D. ( Federal Tax Workshops, East Lansing, MI ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Webinar
Monday, June 27, 2022 (8:30 am–12:15 pm ET)
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Webinar
Wednesday, August 24, 2022 (8:30 am–12:15 pm ET)
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Webinar
Monday, October 10, 2022 (8:30 am–12:15 pm ET)
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Share This Event

Event Vendor:Federal Tax Workshops
Field of Study:Taxes
Level: Intermediate
Other:Enrolled Agent

Event Type:Webinar
NASBA Instructional Method:Group Internet Based
Event Code:WB061822

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$145.00
Non-MemberN/A$195.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.