Financial Accounting for Related Party Transactions - 2022
November 17, 2022
Webinar
2 CPE
Instructor
Steve Dilley
Financial Accounting for Related Party Transactions - 2022
View Bio
Instructor
Steve
Dilley
View Bio
Steve Dilley
Bio
Steven C. Dilley is a professor at Michigan State University where he teaches tax accounting. He obtained his Ph.D in accounting from the University of Wisconsin Madison in 1972. In 1969 he also received a law degree and an undergraduate accounting degree from UW- Madison. He is a member of the Wisconsin Bar Association, the American Bar Association, the Wisconsin Institute of CPA's, the Michigan Association of CPA's, the American Accounting Association,The American Institute of CPA's, the American Taxation Associaiton, and the Hawaii Association of Public Accountants. Steve is the President of the Federal Tax Workshops, Inc. This organization prepares continuing education materials and presents continuing education programs for accountants and attorneys throughout the United States. Steve is nationally known for his knowledge of taxation in general and especially for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on those topics.
This program provides a detailed analysis of the FASB and AICPA rules for transactions with related parties.
Major Topics
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 taxpayers standards
Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards
CPE Credits Available
2 CPE
2
Accounting
Things to Know About This Course
Course Level
Intermediate
Prerequisites
Basic working knowledge of individual taxation.
Advanced Preparation
None
Intended Audience
CPAs working in public accounting firms and members in industry.