Proper Financial Accounting for Partnerships and LLCs
Total Credits: 4 including 4 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Speaker:
- Doug Van Der Aa, CPA, JD
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
- Never Expires.
Description
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.
Basic Course Information
Learning Objectives- Apply financial accounting concepts to partnerships and LLCs
- Identify planning strategies and potential pitfalls.
Major Subjects
- 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
Handouts
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
Speaker
Doug Van Der Aa, CPA, JD Related Seminars and Products
Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.
Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.
Dates
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Wed, Jun 18, 2025 - 12:00pm to 04:00pm CDT
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Mon, Jun 30, 2025 - 09:00am to 01:00pm CDT
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Thu, Jul 10, 2025 - 03:00pm to 07:00pm CDT
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Fri, Jul 18, 2025 - 12:00pm to 04:00pm CDT
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Mon, Aug 18, 2025 - 12:00pm to 04:00pm CDT
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Sat, Aug 30, 2025 - 09:00am to 01:00pm CDT
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Thu, Sep 11, 2025 - 03:00pm to 07:00pm CDT
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Thu, Sep 18, 2025 - 12:00pm to 04:00pm CDT
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Sat, Oct 18, 2025 - 12:00pm to 04:00pm CDT
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Thu, Oct 30, 2025 - 09:00am to 01:00pm CDT
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Thu, Nov 13, 2025 - 03:00pm to 07:00pm CST
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Tue, Nov 18, 2025 - 12:00pm to 04:00pm CST
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Thu, Dec 18, 2025 - 12:00pm to 04:00pm CST
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Tue, Dec 30, 2025 - 09:00am to 01:00pm CST
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Thu, Jan 08, 2026 - 03:00pm to 07:00pm CST
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Mon, Jan 19, 2026 - 12:00pm to 04:00pm CST
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Wed, Feb 18, 2026 - 12:00pm to 04:00pm CST
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Sat, Feb 28, 2026 - 09:00am to 01:00pm CST
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Thu, Mar 12, 2026 - 03:00pm to 07:00pm CDT
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Wed, Mar 18, 2026 - 12:00pm to 04:00pm CDT
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Sat, Apr 18, 2026 - 12:00pm to 04:00pm CDT
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Tue, Apr 28, 2026 - 09:00am to 01:00pm CDT
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Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer
Van Der Aa Tax Ed, LLC
Designed For CPAs in public practice and members in industry seeking a better understanding of financial accounting for partnerships and LLCs
Yellow Book No
Original Recording Date
05/25
Prerequisites Basic working knowledge of business taxation
Date Added to Catalog 3/15/2025
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Course Registration Requirements Online Registration
Instructional Delivery Method Group Internet Based
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
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.