This comprehensive CPE course will help you understand the increasingly complex rules governing income tax accounting and learn how to address these rules through active scenarios and practical exercises. It also offers specifics you can use to apply ASC 740 (formerly SFAS No. 109 and FIN 48) and explains the impact that IFRS has had on accounting for income taxes and the impact of dealing with other accounting standards in conjunction with ASC 740.
Comparison of ASC 740 to IAS 12
Intra-period tax allocation
Stock based compensation
This course will prepare you to:
Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations
Identify the similarities and differences between U.S. GAAP and IFRS with deferred tax implications
Apply 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 ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling interests in Consolidated Financial Statements
Apply intraperiod tax allocation with a five-step approach for more complex situations
Apply ASC 740 to stock-based compensation issues
Compute the valuation allowance considering items that reduce the need for an allowance
Prerequisite: Experience in financial reporting and basic knowledge of ASC 740
Advance Preparation: None
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