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Find out more information on the Tax Section.
CPE On-Demand
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Who Will Benefit?
- Tax staff and senior associates in public accounting, controllers, and tax directors
Key Topics
- Principles of FASB ASC 740
- Income tax expense and deferred tax liabilities and assets
- Valuation allowances
- Proper documentation of deferred income taxes in the working papers
- Required disclosures within the financial statements
Learning Objectives
- Recall the principles of FASB ASC 740, Income Taxes.
- Recall how to calculate income tax expense and deferred tax assets and liabilities.
- Identify steps necessary to determine the valuation allowance.
- Identify components of proper documentation of deferred income taxes in the working papers, as well as required disclosures within the financial statements.
Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.
A complicated accounting model, FASB ASC 740, Income Taxes has been around for a while. But its rules are becoming more challenging as businesses become more complex.
Updated to reflect the impact of the Tax Cuts and Jobs Act of 2017, this self-study course will assist you in understanding FASB ASC 740 and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures.
In addition to receiving practical case studies to give you a look at how to account for different deferred tax scenarios, this course also provides you with a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.
American Institute of CPAs