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CPE Self-Study

Advanced Income Tax Accounting - Tax Staff Essentials

  • $169.00-$209.00
    Advanced Income Tax Accounting - Tax Staff Essentials Online Access Product #: 157833
    AICPA Member: $169.00
    Non-Member: $209.00
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    Purchasing multiple enrollments for your organization? Contact a representative for pricing or for on-site training opportunities. 800.634.6780 | Contact Us

    Product #: GT-TSE.ADVTA

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

Need help understanding the increasingly complex rules governing income tax accounting? This course offers guidance on how to address these rules through active scenarios and practical exercises.

In addition to offering specifics you can use to apply FASB ASC 740, this course explains the impact IFRS has had on accounting for income taxes as well as dealing with other accounting standards in conjunction with FASB ASC 740.

This course has been updated for ASUs issued in 2016 and features intra-entity transfer of assets other than inventory, classification of deferred taxes and improvements to employee share-based payment accounting.

Key Topics

  • FASB ASC 740
  • Comparison of FASB ASC 740 to IAS 12
  • Intra-period tax allocation
  • Business combinations
  • Stock based compensation

Learning Objectives

This course will prepare you to do the following:

  • Apply the complex rules of FASB ASC 740 to new and challenging situations.
  • Identify the similarities and differences between U.S. GAAP and IFRS with deferred tax implications.
  • Apply FASB ASC 740 to state and local income tax complexities.
  • Determine the applicable tax rate for complex situations.
  • Schedule temporary differences in various complex situations.
  • Apply FASB ASC 740 to FASB ASC 805 and 810 and to non-controlling interests in consolidated financial statements.
  • Apply intraperiod tax allocation with a five-step approach for more complex situations.
  • Apply FASB ASC 740 to stock-based compensation issues.
  • Compute the valuation allowance considering items that reduce the need for an allowance.

Who Will Benefit

Tax directors and tax professionals who review income tax provisions.

Discounts

Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Bobby Carmichael ED.D, CPA

Robert F. Carmichael is licensed as a Certified Public Accountant and is a founding member of Blackwood Holdings Group, LLC, a private equity group headquartered in Orlando, FL, with offices in Beverly Hills, CA, and Shanghai, China. As a licensed CPA, Mr. Carmichael has direct experience in tax, forensic accounting, auditing, business valuation, and financial structuring and forecasting. Mr. Carmichael’s professional experience includes mergers and acquisitions, commercial real estate development and lending, energy industry financial analysis and forecasting, and the development and implementation of corporate governance policies and procedures. He has led the underwriting and finance of more than $5 billion in commercial debt and equity investments.

Prior to founding Blackwood Holdings Group, LLC, Mr. Carmichael held the position of senior vice president at KeyBank NA, where he was responsible for developing and implementing recovery and disposition strategies for OREO assets and distressed loans located in the Midwest and eastern United States.

Mr. Carmichael started his career with KeyBank by establishing and managing the Commercial Real Estate Capital offices in central and north Florida. Prior to joining KeyBank, Mr. Carmichael held the position of senior vice president at Bank of America, where he was responsible for its real estate development efforts in central Florida. Mr. Carmichael was instrumental in developing and launching the bank’s small business lending program. Earlier in his career, he owned a real estate development company in New York, but got his start in commercial real estate with Caldwell Banker Commercial Real Estate Services in New York City. Mr. Carmichael started his accounting career with Shell Oil Company, where he was responsible for reporting offshore exploration and production financial results. He also led the formation of several offshore oil and gas joint ventures with foreign partners.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.



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