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Monday, December 30, 2024 Live Webcast

Financial Accounting for Related Party Transactions (X2-46187)

3:00 PM - 5:00 PM EST
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

This course explores the FASB codification provisions and AICPA financial reporting framework for transaction with related parties, including business owners and special purpose entities. Real-life examples are used to illustrate the various authoritative standards and discuss the consequences of failing to comply.

DESIGNED FOR

CPAs working in public accounting firms and members in industry.

BENEFITS

After attending this presentation you will be able to...

  • Apply the financial accounting rules for related parties and how they impact accounting transactions

HIGHLIGHTS

The major topics covered in this class include:

  • FASB codification provisions for transactions with related parties, including business owners and special purpose entities.
  • Compare and contrast those rules with the AICPA financial reporting framework for small and medium-sized entities.
  • Review the tax accounting related taxpayer standards.
  • Real-life examples applying the various authoritative standards. Consequences of failing to comply with the standards.

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of transactional financial reporting.

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.

Steven C. Dilley, CPA, J.D., Ph.D. 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 Ph.D. 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.

PRICING

$79.00 - Member

$99.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 30 at 2:30 PM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

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