Description: This program presents a detailed analysis of the FASB and AICPA rules for transactions with related parties.
Learning Objectives: To provide a working knowledge of the financial accounting rules for related parties and how they impact accounting transactions.
Program Content:
- 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.
Who should attend: CPAs working in public accounting firms and members in industry.
Program Level: Basic
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 2.5
Field of Study: Accounting
Prerequisites: None
Advanced Preparation: None
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Materials are available to registered attendees only