nav-left cat-right
cat-right

FUS872 – Accounting & Financial Disclosures for ERC & PTE Tax

Course and Test $ 45.00
Course and Test PDF $ 30.00
Additional Hard Copy Test $  6.00
Additional Online Test $  6.00
Clear
SKU: FUS872 Category:

CPE Credit Hours: 2NASBA Color logo-1 inch

Field of Study: Accounting

Publication date: January 2022

 

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.

Topics include: An overview of the ERC rules; models to use to account for the ERC;  comparing use of the ASC 958 model with the IAS 20 model to account for the ERC;  disclosures required for the ERC, including disclosures found in newly issued ASU 2021-10; fixing 2020 ERC presentation and disclosure errors; presenting the ERC on tax-basis financial statements; overview of the Pass-Through Entity (PTE) Tax election; GAAP accounting for the PTE tax; GAAP disclosures for the PTE tax; and presenting the PTE tax on tax-basis financial statements.

More Information


This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of accounting, financial reporting, auditing, and compilation and review standards

Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase