Financial Accounting for Related Party Transactions
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
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.
Designed For
CPAs working in public accounting firms and members in industry.
Prerequisites
Basic working knowledge of transactional financial reporting.
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steve is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 33 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 and individual taxpayers. 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. He received the 2005 "Distinguished Achievement in Accounting Education Award" in Michigan. He also received the 2007 "MSU Accounting and Information Systems Department Outstanding Teacher 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.
Non-Member Price $124.00
Member Price $89.00