Plan Sponsor ESOP Accounting – Basics
July 9, 2024
Online Only
Register for Part II - Plan Sponsor ESOP Accounting – Advanced Sponsor Topics
Join us for the first installment of our two-part webinar series designed to clarify the accounting intricacies of employee stock ownership plans (ESOPs) for plan sponsors. This introductory session will provide participants with a solid foundation in the fundamentals of ESOP accounting, focusing specifically on the nuances of leveraged versus non-leveraged ESOPs. This session will also focus on the initial and ongoing accounting for ESOP shares and the related impact to the footnotes of the financial statements.
Learning Objectives
Upon completion of this program, participants will be able to:
- Identify the accounting procedures for the initial purchase of ESOP shares, including how these transactions are recorded and reported.
- Distinguish between different types of internal loans used in ESOPs and understand their accounting treatments.
- Describe how other types of contributions and S corporation distributions are accounted for and their impact on the company's financial statements.
- Recognize how ESOP transactions affect the footnotes in financial statements.