Accounting  |  Format: Flash

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
    Catalog Number: 99FLE34
    CPE Credits: 1 Registry / 1 QAS
    Author: John M. Fleming, CPA, MBA
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Jun 17, 2016 / Sep 30, 2020