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Financial Accounting for Related Party Transactions

Overview

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.

This course does not qualify for IRS credit.

Objectives

  • Identify the financial accounting rules for related parties and how they impact accounting transactions
  • Compare financial accounting rules of related parties to those of the AICPA financial reporting framework

Highlights

  • 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

Event Code:

7155578

2 CPE Credits
Accounting: 2 Credits

Registration

Member Price:
$79
Non-member Price:
$109

Online registration for this course is currently closed. To register for this course, please call us at (800) 292-1754.

Friday, May 23rd

9:00am to 10:57am

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Instructor

Steven Dilley