Financial Accounting for Related Party Transactions

Course Description

Archive : Financial Accounting for Related Party Transactions Digital Download
Salepage : Financial Accounting for Related Party Transactions
Delivery : Online With Any Device

This program provides a detailed analysis of the FASB and AICPA rules for transactions with related parties.

Basic Course Information

Learning Objective

• To provide a working knowledge of the financial accounting rules for related parties and how they impact accounting transactions

Major Subjects

• 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

Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the “Educator of the Year Award.” He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.