2024 Financial & Tax Accounting for S Corporations (4 hours)

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.

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

Prerequisites

Basic working knowledge of S Corporation reporting

Designed For

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

Objectives

• Identify financial accounting aspects of S corporations
• Explore the common differences between financial accounting and tax accounting for S corporations

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!