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Accounting for Deferred Income Taxes

Author/Moderator: Bobby Carmichael ED.D, CPA
Publisher: AICPA
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This course assists you in understanding 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.

Additionally, this course contains case studies to 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.

Topics Discussed:

  1. Theoretical concepts of ASC 740
  2. Identifying and measuring temporary differences
  3. Identifying tax differences and a four-column worksheet
  4. Tax benefits for carrybacks and carryforwards
  5. Accounting for uncertainty in income taxes
  6. Reporting and disclosure under ASC 740
  7. ASC 740-20 intraperiod tax allocation
  8. Case studies and examples illustrating theory and concepts

Learning Objectives:
This course will prepare you to:

  1. Recall the principles of ASC 740
  2. Recall how to calculate income tax expense and deferred tax liabilities and assets
  3. Identify steps necessary to determine the valuation allowance
  4. Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements

Prerequisite: None
Advance Preparation: None

NASBA Field of Study: Accounting
Level: Basic
Recommended CPE Credit: Text - 7.5; On-Demand - 11.5
Accounting for Deferred Income Taxes
Text , 2016
Product# 732852
Availability: In Stock
AICPA Member:$129.00
Your Price:$169.00
Accounting for Deferred Income Taxes
CPE On-Demand , 2016
Product# 163132
Availability: Online Access 1 Year
For registered users only
AICPA Member:$159.00
Your Price:$199.00
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