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Advanced Income Tax Accounting - Tax Staff Essentials

Author/Moderator: Bobby Carmichael, Ed.D, CPA
Publisher: AICPA
Availability: Online Access
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Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

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. 

Key Topics:

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

Learning Objectives

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


Tax Section Members Receive Additional Savings! 

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Find out more information on the Tax Section.

NASBA Field of Study: Taxes
Level: Advanced
Recommended CPE Credit: 10
Advanced Income Tax Accounting - Tax Staff Essentials
CPE On-Demand 2016
Product# 157832
Availability: Online Access 1 Year
For registered users only
AICPA Member:$169.00
Your Price:$209.00
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