2024 Financial Accounting for Related Party Transactions
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 24
- Categories:
- ACPEN Tax Institute | Accounting and Auditing
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
Loans, rental agreements, business combinations – what do these all have in common? They all have the potential of creating a related party transaction. This program presents a detailed analysis of the financial accounting rules for transactions with related parties, as well as compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.
Basic Course Information
Learning Objectives- Identify the financial accounting rules for related parties and how they impact accounting transactions
Major Subjects
- FASB codification provisions for transactions with related parties, including business owners and special purpose entities
- Compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities
- Reviews the tax accounting related taxpayer standards
- Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards
Course Materials
| IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_10_16_21 (442.7 KB) | Available after Purchase | ||
| Financial Accounting for Related Party Transactions Handout (6.5 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.
Dates
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Mon, Dec 30, 2024 - 08:00am to 09:57am CST
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Fri, Jan 03, 2025 - 10:00am to 11:57am CST
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Mon, Jan 20, 2025 - 12:00pm to 01:57pm CST
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Sat, Feb 01, 2025 - 02:00pm to 03:57pm CST
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Mon, Feb 24, 2025 - 04:00pm to 05:57pm CST
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Mon, Mar 03, 2025 - 08:00am to 09:57am CST
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Wed, Mar 19, 2025 - 10:00am to 11:57am CDT
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Thu, Apr 10, 2025 - 12:00pm to 01:57pm CDT
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Fri, Apr 25, 2025 - 02:00pm to 03:57pm CDT
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Additional Info
Basic Course Information
Prerequisites Basic working knowledge of financial statement reportingAdvanced Preparation
None
Designed For CPAs working in public accounting firms and members in industry
Original Recording Date 04/2024
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 3/13/24
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).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
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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