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Accounting for the tax professional

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This course will cover the overall aspects of accounting and how they are employed when preparing tax returns when basic accounting principles are used and how they differ from tax accounting. At the conclusion of the presentation the attendees should have gained a better understanding of accounting based financial statements, inventory methods, and the difference between cash and accrual methods when applied to income tax preparation.

Learning Objectives

At the end of this course, you will be able to:

  •  Explain various accounting principles without having had any formal background in accounting.
  •  Identify the many accounting line items and their usage in financial statements.
  •  Compare book accounting versus tax accounting.
  •  Interpret and resolve client’s errors when self-kept books and financial statements are maintained by them.

NASBA CE: 1.0 Hour Accounting / 1.0 Hour Federal Tax Law
IRS:  1.0 Hours Federal Tax Law
CTEC CE:  1.0 Hours Federal Tax Law

NSA Webinar Program Level: Basic
Prerequisites: None
Advance Preparation: None   
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

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​Kenneth Portera

Kenneth Portera EA, ATP has been preparing taxes for over 30 years and is the founder and owner/operator of Kenneth Portera & Associates LLC a year-round tax preparation and accounting firm which he started in 2009. His practice provides tax controversy representation, tax preparation for individuals, partnerships, corporations, estates, non-profits and gift tax filings. Prior to going off on his own he held positions of CEO, CFO, Treasurer, and Controller for various financial service companies. He holds an undergraduate degree in accounting from Pace University and completed some specialized graduate courses from The New School a NYC University.  Ken taught as an adjunct for 13 years in the New York City University system as part of the accounting and finance department and has held positions on the Board of the New Jersey Chapter of the NATP and is a past director of the NJSEA.

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.