In this comprehensive course, attendees will discover the essential principles and practices of partnership accounting. Attendees will gain a deep understanding of key terminology, essential accounting principles, and critical Internal Revenue Code regulations, specifically IRC Subchapter K, Section 704 a-c. These regulations significantly influence the specialized accounting procedures unique to partnerships, and this course will help you learn how to maintain precise capital accounts for partners separately, ensuring accuracy and compliance with partnership accounting standards.

Join Lee Nalley, CPA, CFA on a deep dive into a real-world case study to test your knowledge of this topic. During this webinar, attendees will also explore the Forest Systems accounting platform, which seamlessly integrates tax, book, and fair market value reporting. Experience firsthand the efficiency gains this innovative system offers, empowering you to optimize financial management for partnerships.

Unlock the expertise needed to excel in partnership accounting and streamline your financial reporting processes with confidence.

Learning Objectives:

• Evaluate a robust foundation of partnerships from a legal, tax, and accounting perspective


• Contrast the advantages and disadvantages of partnership structures versus other legal structures


• Evaluate IRC Subchapter K and Sections 704 a-c. and other accounting topics applicable to partnerships and recognize the influence they have on Partnership Accounting


• Give examples of how Forest System's solution is tailored to ease the burden of partnership accounting for practitioners


• Recognize the principles learned through a case study