2024 Financial & Tax Accounting for S Corporations
Tuesday, January 28, 2025
Webcast or Webinar, Online
4:00 PM - 7:37 PM (opens at 3:30 PM) EST
4Credits
Accounting and Auditing
Registration is Open
Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
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$80.00 Members / $112.00 Non-Members
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Course Type: Webcast
Course Code: 24/AC15321B
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting
Overview:
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.
Objectives:
- Identify financial accounting aspects of S corporations
- Explore the common differences between financial accounting and tax accounting for S corporations
Major Topics:
- 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
Major Topics:
- 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