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CPE Self-Study

Advanced Income Tax Accounting - Tax Staff Essentials

  • $139.00-$179.00
    Advanced Income Tax Accounting - Tax Staff Essentials Availability : Online Access Product #: 157834
    AICPA Member: $139.00
    Non-Member: $179.00
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    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | 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 CPE 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. It also has been updated for the Tax Cuts and Jobs Act of 2017.

Learning Objectives

  • 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.

Key Topics

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

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

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.