CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Partnership Accounting

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

Many aspects of accounting for a partnership are the same as for a corporation. However, there are some variant features in partnership accounting. This course focuses on the accounting for all types of transactions that are unique to a partnership. Topics covered include the contribution of funds to a partnership, capital accounts, the allocation of profits and losses to partners, the admission of a new partner into a partnership, and the liquidation of a partnership.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the uses to which a capital account is put.
  • Describe the accounting for the various partnership-related transactions.
  • Cite the proper treatment of income taxes in a partnership.
  • Note the proper accounting treatment when a partner retires.
  • Describe the process flow for a partnership liquidation.

Course Specifics

Course ID
1163443
Revision Date
May 14, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Partnership Accounting

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

Many aspects of accounting for a partnership are the same as for a corporation. However, there are some variant features in partnership accounting. This course focuses on the accounting for all types of transactions that are unique to a partnership. Topics covered include the contribution of funds to a partnership, capital accounts, the allocation of profits and losses to partners, the admission of a new partner into a partnership, and the liquidation of a partnership.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the uses to which a capital account is put.
  • Describe the accounting for the various partnership-related transactions.
  • Cite the proper treatment of income taxes in a partnership.
  • Note the proper accounting treatment when a partner retires.
  • Describe the process flow for a partnership liquidation.

Course Specifics

Course ID
1163443
Revision Date
May 14, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Partnership Accounting

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear