2024 Financial Accounting for Related Party Transactions
Friday, January 03, 2025
Webcast or Webinar, Online
11:00AM - 12:57PM (opens at 10:30AM) EST
2Credits
Accounting and Auditing
Registration is Open
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$79.00 Regular Price
Non-Members
$109.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC143851
Level: Basic
Vendor: ACPEN
Field of Study: Accounting
Overview:
Loans, rental agreements, business combinations – what do these all have in common? They all have the potential of creating a related party transaction. This program presents a detailed analysis of the financial accounting rules for transactions with related parties, as well as compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.
Objectives:
- Identify the financial accounting rules for related parties and how they impact accounting transactions
Major Topics:
- 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 taxpayer standards
- Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards
Major Topics:
- 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 taxpayer standards
- Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards