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Translating ESOP Accounting for Your Clients

Webinars

Continuing Education Credit Offered For Live Session Only: Generic, ASPPA, CPE

Every year around tax time, you get the same panicked calls from plan sponsors: "Why is there a contra-equity account on my balance sheet?" "Where did this compensation expense come from?" "Our books look completely different than they did before the ESOP—is this right?"
ESOP accounting is genuinely confusing, even for experienced CFOs. This session gives you the knowledge to answer those questions with confidence. We'll break down the accounting concepts that trip up your clients, explain why ESOP financials look different from traditional company books, and help you develop a process for identifying and explaining these items before your clients' accountants have to.

Learning objectives:

  • How contra-equity accounts actually work—and how to explain them without making your clients' eyes glaze over
  • Where compensation expense comes from in ESOP accounting and how to help clients identify it correctly
  • The key differences between pre-ESOP and post-ESOP accounting that your clients need to understand

Coming Soon!

Coming soon

Presenters

Markus Dahl headshot Presenter company logo

Markus Dahl

Markus Dahl is an audit manager for Eide Bailly based out of their Fargo, ND office and has been working with employee owned companies since 2017. While he geeks out on the technical US GAAP accounting for leveraged ESOPs, stock appreciation rights, stock warrants, business combinations, and noncontrolling interests, he also advises on pre- and post- transaction implementation and the overall sustainability of Company-wide strategies for providing participant benefits.

Markus graduated with a B.S. in Accounting and Finance with a minor in Fraud Investigation from North Dakota State University and has his CPA license.

Barbara M. Clough headshot Presenter company logo

Barbara M. Clough

Barbara Clough is a Vice President at Blue Ridge Associates. Barbara has a deep understanding of the complexities involved in ESOP administration, her technical expertise includes navigating tricky administration and compliance issues. As an ERISA expert, she ensures adherence to Code Section compliance and provides strategic guidance to clients on plan design, legal matters, and IRS & DOL inquiries.

Accolades include: past Chairwoman of the Administration Advisory Committee, frequent speaker, author, Executive Committee member of the ESOP Association’s Public Policy Council and Vice President of Advocacy for the ESOP Association’s New England Chapter.

Thank you to our Sponsors

Blue Ridge
Chartwell
KSM
McDermott Will & Schulte LLP
PCE Investment Bankers, Inc.
Prairie
Praxis
Strategic Talent Partners