Financial Accounting for LLCs and Partnerships
Total Credits: 4 including 4 Accounting - Technical
- Average Rating:
- 39
- Categories:
- Accounting and Auditing | ACPEN Industry Institute
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 3 Hours 30 Minutes
- License:
Description
This presentation first compares and contrasts the financial accounting for partnerships and LLCs and the tax accounting issues in the formation for these entities. Other topics including a review of the Accounting Standards Codification and its application to partnerships and LLCs; OCBOA and its application to partnerships and LLCs; financial vs. tax accounting for partnership/LLC capital accounts; Section 704(b) substantial economic effect rules and their relation to financial accounting; and integration of financial accounting for partnerships/LLCs with the Form 1065.
Basic Course Information
Learning Objectives *Apply financial accounting concepts in the partnership setting with special emphasis on accounting for capital accounts.Major Subjects
*LLCs
*Partnerships
*Review of Accounting Standards Codification
Course Materials
| Financial Accounting for LLCs and Partnerships | Available after Purchase | ||
| Financial Accounting for LLCs and Partnerships ED 2.ppt (1.23 MB) | Available after Purchase | ||
| Important CPE Credit Information 2015 (0.06 MB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer Steven C. Dilley CPA JD PhD
Designed For Those in public accounting and members in industry who work with partnerships and LLCs and seeking to keep their knowledge current.
Prerequisites None
Yellow Book
No
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Instructional Delivery Method Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. 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
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