- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Preparing Financial Statements - Course 3 - Specialty Topics Related to Financial Statement Preparation (PFSTG173)
Identify appropriate accounting approaches for examination by a taxing authority, changes in accounting method or period, asset capitalization and valuation, investments in partnerships, property and equipment transactions, and stock redemptions and related transactions.
Recognize how to account for partnerships, limited liability companies, changes in tax status, transactions with owners, leasing transactions, and other tax transactions.
Identify the required fair value measurements, as well as fair value measurement and disclosure requirements.
Recognize common valuation techniques, and how to apply the fair value measurement guidance provided in this course to common assets and liabilities.
Recognize how small and midsized entities are affected by derivatives.
Lesson 1—Accounting for Certain Tax Transactions
Lesson 2—Fair Value Measurements
Lesson 3—Derivative Instruments