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Proper Financial Accounting for Partnerships and LLCs

Overview

Although they are the most common entities for small and mid-sized business, financial (book) accounting for partnerships and LLCs are rarely discussed.  This course examines the proper financial accounting for these tax-driven entities.

Objectives

  • Apply financial accounting concepts to partnerships and LLCs
  • Identify planning strategies and potential pitfalls.

Highlights

  • Importance of Partnership capital accounts
  • Book vs tax capital accounts
  • Partnership capital contributions
  • Section 704(b) capital rules and OCBOA
  • GAAP balance sheet impact of capital contributions
  • Bonus and Goodwill methods
  • Ceiling Rule and Remedial allocations
  • GAAP partner capital accounts

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

7250719

4 CPE Credits
Accounting: 4 Credits

Registration

Member Price:
$129
Non-member Price:
$159

Registration is open through 08/18.

Monday, August 18th

1:00pm to 5:00pm

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Instructor

Douglas Van Der Aa