Accounting for Deferred Income Taxes

Description

Understand the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures. Case studies give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

Learning Objectives
  1. Recall the principles of ASC 740.
  2. Recall how to calculate income tax expense and deferred tax assets and liabilities.
  3. Identify steps necessary to determine if a valuation allowance is needed.
  4. Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements. TOPICS DISCUSSED
  5. Theoretical concepts of ASC 740
  6. Identifying and measuring temporary differences
  7. Identifying tax differences and a four-column worksheet
  8. Tax benefits for carrybacks and carryforwards
  9. Accounting for uncertainty in income taxes
  10. Reporting and disclosure under ASC 740
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Business & Industry
Technology
CPE Field of Study
Accounting
8.0
Who Should Attend
Staff and senior associates in public accounting who assist clients with income tax calculations
Instructor(s)
Marty Wagoner
Location
Online Course
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When
Nov 14, 2017
9:00 am - 5:00 pm
Total CPE Credits
8
Format
Webcast
Instructor
Marty Wagoner

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Accounting for Deferred Income Taxes


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