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Understanding Plan Sponsor ESOP Accounting Basics
June 2 @ 1:00 pm – 2:00 pm EDT
Join Forvis Mazars for the first installment of our two-part webinar series, designed to break down the complexities of Employee Stock Ownership Plan (ESOP) accounting for plan sponsors. This introductory session will provide a solid foundation in the fundamentals of ESOP accounting, focusing on the nuances of leveraged versus non-leveraged ESOPs and the initial and ongoing accounting for ESOP shares, including the related impact on financial statement footnote disclosures.
Learning Objectives
Upon completion of this program, participants will be able to:
- Describe the accounting for the initial purchase of ESOP shares, including how these types of transactions are recorded and reported.
- Differentiate common types of internal loans used in ESOPs and summarize their accounting treatment.
- Explain how other contributions and S-corporation distributions are accounted for and their impact on the company’s financial statements.
- Identify required footnote disclosures and how they affect the financial statements.
CPE Information
1.00 CPE Credit(s) (pending approval)
One CPE credit (pending approval) in the Accounting field of study may be awarded upon verification of participant attendance, during live broadcast.
If you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at [email protected].
