In Person-Live
Financial Accounting for LLCs, Partnerships and S Corporations
Friday, June 14, 2024 | 8:00 am - 4:00 pm
MICPA Learning Center Troy, MI
Course # 157436 | by Federal Tax Workshops Inc.
Members SAVE $0
Speakers: Steven C. Dilley
Time: 8:00 am - 4:00 pm
Total Credits: 8.0
Earn Up To: 8.0 AA credits
Level: Intermediate
Vendor: Federal Tax Workshops Inc.

What you will learn

Define the financial accounting and tax aspect of S corporation and partnerships with special emphasis on accounting for capital accounts.


This program compares and contrasts the financial and tax accounting differences of partnerships, LLCs, and S corporations, as well as discuss the tax accounting for these entities.

Basic working knowledge of financial accounting.

Advanced Preparation:

Register early to take advantage of the best price! Please note, discounted pricing is already reflected in the online price. No promo code is needed.
Through May 17: $289 MICPA Members / $439 Non-Members
May 18 - May 31: $309 MICPA Members / $459 Non-Members
June 1 - June 14: $329 MICPA Members / $479 Non-Members

  • Review the Accounting Standards Codification, OCBOA/Special Purpose Frameworks, and AICPA financial reporting framework and their application to partnerships, LLCs and S corporations.
  • Financial accounting issues arising from changes in ownership
  • Financial vs. tax accounting for partnership/LLC capital accounts
  • Section 704(b) substantial economic effect rules and their relation to financial accounting
  • The integration of financial accounting with Forms 1065 and 1120S
  • Financial accounting basis for ownership interests vs. tax accounting basis for ownership interests.
  • Deferred tax accounting for partnerships/LLCs and S corporations
  • Financial accounting for the operations of a partnership/LLC
  • Financial accounting impact of the C to S election and the S to C election
  • Financial and tax accounting for S corporation shareholder equity and partner capital accounts
  • Financial vs. tax accounting for loans to and from S corporations and their shareholders

CPAs working with partnerships/LLCs and/or partnerships and members in business and industry seeking to keep their knowledge current.

  • Steven C. Dilley
MICPA delivers the highest quality education experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.