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.
Objectives
- Apply financial accounting concepts to S corporations
- Identify planning strategies and potential pitfalls
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
