ACPEN: Proper Financial Accounting for Partnerships and LLCs

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Availability

Registration Required

Online Meeting

Aug 12, 2026 3:00 PM - 6:42 PM CT

Cost

Member: $260.00

Non-Member: $345.00

Retired: $260.00

Educator & Government & Non-Profit Employee: $260.00

Credit Offered

4 CPE Credits

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.

Apply financial accounting concepts to partnerships and LLCs
Identify planning strategies and potential pitfalls.

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

Basic working knowledge of business taxation

CPAs in public practice and members in industry seeking a better understanding of financial accounting for partnerships and LLCs

ACPEN