Income Tax Accounting - Tax Staff Essentials
All-new course uses scenarios and examples to illustrate the complexities of accounting for income taxes.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
10
Author(s)
Glenn Gines
Availability
1 year
Product Number
TSEITA24SSO
Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.
An all-new course on income tax accounting
Created in 2024, this course guides you through concepts that underpin income tax accounting.
Through examples and scenarios, the course will help you stay current on the complicated income tax accounting matters relevant to your clients.
We read FASB ASC® 740 for you
As with most areas of accounting, standards govern accounting for income taxes. In this course, you’ll get a survey of the FASB ASC 740’s most important topics, including:
- Book versus tax differences
- Current and deferred income taxes
- State and local income taxes
- Uncertain tax positions
- Valuation allowances
Up-to-date for upcoming changes
Many relevant updates to FASB ASC 740 are covered, including updated disclosure requirements effective for public entities for annual periods after December 15, 2024, and for other entities for annual periods after December 15, 2025.
Who Will Benefit?
- Tax staff and seniors
- Audit staff and seniors
- Corporate accountants
Key Topics
- Scope of FASB ASC 740
- Tax positions, including uncertain tax positions
- Deferred tax assets and liabilities
- Permanent and temporary differences
- State and local tax accounting
- Valuation allowances
- Financial statement presentation and disclosure
Learning Outcomes
- Recall the objectives and key terms of FASB ASC 740, Income Taxes.
- Identify the entities and tax types that fall within and outside the scope of FASB ASC 740.
- Distinguish between permanent and temporary book-tax differences.
- Identify the basic model for recognition and measurement of deferred taxes.
- Identify the steps involved in the tax provision calculation for SALT jurisdictions.
- Recognize the financial statement effects of uncertain tax positions.
- Recognize how to determine the valuation allowance.
- Identify the components of income tax expense from continuing operations.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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