Author : | Steven C Fustolo, CPA, MBA |
Course Length : | Pages: 34 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
CPE Credits : | 2.0 |
IRS Credits : | 0 |
Price : | $17.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1939 |
Description : |
The objective of this course is to review the accounting and financial disclosures related to two recent changes from legislation: the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax.
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Usage Rank : | 0 |
Release : | 2022 |
Version : | 1.0 |
Prerequisites : | General understanding of accounting, financial reporting, auditing and compilation and review standards. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Financial Accounting
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 07-Jan-2022 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1939 |
Keywords : | Accounting, Accounting, Financial, Disclosures, Employee, Retention, Credit, ERC, Pass-Through, Entity, PTE, Tax, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives After reading the course material, you will be able to:
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Course Contents : | Chapter 1 - Accounting and Financial Disclosures for the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax I. Introduction II. Accounting - Financial Disclosures for the Employee Retention Credit (ERC) A. Overview B. GAAP Accounting for the ERC C. OPTION 1: ASC 958-605- Not-for-Profit Entities: Revenue Recognition D. OPTION 2: IAS 20, Accounting for Government Grants and Disclosure of Government Assistance E. Disclosures for the ERC F. Fixing 2021 Comparative Financial Statements and Disclosures for the ETC G. Tax-Basis Financial Statements and the ERC Review Questions III. Accounting - Financial Disclosures for the Pass-Through Entity (PTE) Tax A. Overview B. Use of the Pass-Through Entity (PTE) Tax Election C. GAAP Accounting and Disclosures- PTE Tax D. GAAP Accounting Rules for the PTE Tax E. GAAP Disclosures for the PTE Tax F. PTE Tax and Tax-Basis Financial Statements Review Questions Glossary |