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Course Description
Compilation and Review Engagements: Proprietorships, Partnerships and S Corporations: Special Reporting Issues from PPC
Accounting & Auditing
(8
credits)
$109.95
This interactive self-study course addresses the special issues relating to proprietorships, partnerships, and S corporations and the related reporting requirements when issuing compiled or reviewed financial statements of these entities.
Major
Subjects:
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Determine when to issue proprietorship or personal financial statements.
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Identify other special reporting requirements of compiled or reviewed financial statements of proprietorships.
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Identify the special reporting requirements of compiled or reviewed financial statements of partnerships.
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Recognize issues related to changes in partners and the related effects on partners' capital accounts.
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Calculate changes in partnership assets and capital accounts under the bonus and goodwill methods.
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Compare the advantages and disadvantages of operating as a limited liability corporation (LLC) or a limited liability partnership (LLP).
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Identify the special reporting requirements of compiled and reviewed financial statements of S corporations.
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Summarize the unique aspects of the retained earnings accounts maintained by S corporations.
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Evaluate the effects of income and loss, distributions and termination of S corporation status on the retained earnings accounts of an S corporation
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| Contributing
Author: |
Practitioners Publishing Company
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| Course Level: |
Basic |
| Prerequisite: |
Basic knowledge of proprietorships, partnerships, and S corporations. |
| ProductCode: |
08PCRE3 |
| Format: |
NASBA QAS/Registry self-study |
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For licensing information, click on the Licensing Information
button. |
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