Financial Reporting Issues

Related Party Transactions - A Recurring Issue

Course Overview
This course provides an overview of the accounting and reporting considerations with respect to related party transactions. This includes a discussion of the importance of appropriately identifying and disclosing these transactions within an entity's financial statements. This course also presents the various accounting and auditing standards that guide the procedures and considerations of related party relationships.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify the importance of related party relationships and transactions to the fair presentation of financial statements
  • Identify and illustrate accounting guidance associated with related party transactions and disclosures
  • Identify and illustrate auditing guidance associated with auditing related party transactions


  • Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    John M. Fleming, CPA, MBA, is currently the Director, Content Development for SmartPros LTD, a division of Kaplan Professional Education. SmartPros is an international educational and training company specializing in accounting, finance and ethics educational programs. John previously served as President and Director of Accounting and Auditing for LOSCALZO ASSOCIATES, a division of SmartPros for twenty-eight years. John retired as President of Loscalzo Associates on January 1, 2014.

    John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

    John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) and currently serves as a member of the Institute’s Accounting and Auditing Technical Committee. In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

    John and his wife Marge live in Medford, New Jersey.

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    Price (USD)

    Standard: $24.95

    Details

    Course Code : 99FLE34

    Release Date : 06/17/2016
    Expire Date : 06/30/2020
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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