Proper Financial Accounting for S Corporations

Overview

Proper financial accounting for S corporations involves adhering to specific accounting principles and tax regulations designed for this unique business structure.  This course examines the proper financial accounting for S Corporations.

Highlights

• Deferred tax accounting for S Corporations
• S elections and terminations – dealing with deferred taxes
• Financial accounting for capital stock and retained earnings
• S corporation shareholders’ equity
• Tax vs financial accounting for Accumulated Adjustments Account
• Financial accounting for loans to and from S shareholders

Prerequisites

Basic working knowledge of business taxation

Designed For

CPAs in public practice and members in industry seeking a better understanding of financial accounting for S Corporations

Objectives

• Apply financial accounting concepts to S corporations
• Identify planning strategies and potential pitfalls

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.