Decoding Financial Statements & Tax Returns for Different Business Entities Mandatory 2 Part Series 05/26 & 05/29
Confused by the various accounting options and entity structures available to your business borrowers? This new two-part webinar is designed to demystify the legal entity types and resulting financial statements and tax returns.
We will examine a small business and first look at financial results using accrual method accounting with the firm as a C corporation.
From there, we’ll recast the numbers with cash accounting, then look at financial results as a sole proprietorship, a partnership or limited liability company (LLC), then as an S corporation.
Along the way, we’ll cover some key analytical and conceptual issues, such as:
- What are the typical goals of business owners when they decide on a legal entity structure?
- What is the “double tax” that is such a big negative for C corporations?
- What are the advantages and disadvantages of the most common legal structures?
- C corporations
- Sole proprietorships
- Partnerships and LLCs
- S corporation
- What are key features of financial statements and tax returns of these same structures?
- Steps in reconciling “ordinary income” on a pass-through entity tax return to net income on the internal financial statement.
- Overview of pass-through entities and the role of Schedule K-1s.
- Advantages and disadvantages, from a taxation standpoint, of how owners take out cash and/or recognize income (loss) from their businesses.
- A methodology for bringing in either distributed or distributable cash flow from a business into personal or global cash flow.
Community bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers involved in the business lending process.
Richard Hamm has been training bankers for 24 years, including both creating and teaching courses for the ABA and the RMA, plus regional banking schools (Graduate School of Banking – Wisconsin, Graduate School of Banking at Colorado, Southwestern Graduate School of Banking and Barret School of Banking – Memphis), numerous state banking and community banking associations and individual banks. While specializing in all phases of lending and credit, he also covers “top of the bank” issues and provides director training.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $525.00 | Non member price $1050.00
Member price: $565.00 | Non member price $1130.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.