Financial Accounting for Related Party Transactions
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 14
- Categories:
- ACPEN Tax Institute | Accounting and Auditing
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Expires 30 day(s) after program date.
Description
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.
Basic Course Information
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 taxpayer standards
- Several real-life situations illustrate the various authoritative standards and discuss the consequences of failing to comply with those standards
Learning 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
Course Materials
| IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_2_2025 (442.6 KB) | Available after Purchase | ||
| Financial Accounting for Related Party Transactions Handout (7.1 MB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
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.
Dates
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Thu, Jun 26, 2025 - 2:00 PM to 3:57 PM CDT
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Wed, Jul 02, 2025 - 4:00 PM to 5:57 PM CDT
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Tue, Jul 22, 2025 - 8:00 AM to 9:57 AM CDT
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Mon, Aug 11, 2025 - 10:00 AM to 11:57 AM CDT
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Thu, Aug 28, 2025 - 6:00 PM to 7:57 PM CDT
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Sat, Sep 06, 2025 - 2:00 PM to 3:57 PM CDT
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Thu, Sep 18, 2025 - 4:00 PM to 5:57 PM CDT
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Mon, Oct 06, 2025 - 8:00 AM to 9:57 AM CDT
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Tue, Oct 21, 2025 - 10:00 AM to 11:57 AM CDT
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Fri, Nov 07, 2025 - 12:00 PM to 1:57 PM CST
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Sat, Nov 22, 2025 - 2:00 PM to 3:57 PM CST
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Sat, Dec 06, 2025 - 4:00 PM to 5:57 PM CST
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Tue, Dec 16, 2025 - 8:00 AM to 9:57 AM CST
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Tue, Dec 30, 2025 - 10:00 AM to 11:57 AM CST
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Tue, Jan 06, 2026 - 6:00 PM to 7:57 PM CST
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Mon, Jan 26, 2026 - 2:00 PM to 3:57 PM CST
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Mon, Feb 09, 2026 - 4:00 PM to 5:57 PM CST
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Tue, Feb 24, 2026 - 8:00 AM to 9:57 AM CST
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Tue, Mar 03, 2026 - 10:00 AM to 11:57 AM CST
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Wed, Mar 18, 2026 - 12:00 PM to 1:57 PM CDT
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Fri, Apr 10, 2026 - 2:00 PM to 3:57 PM CDT
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Thu, Apr 23, 2026 - 8:00 AM to 9:57 AM CDT
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Additional Info
Basic Course Information
Prerequisites Basic working knowledge of financial accounting frameworkAdvanced Preparation
None
Designed For CPAs working in public accounting firms and members in industry
Original Recording Date 04/2025
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 03/11/2025
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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