Income Tax Accounting - Tax Staff Essentials
Valid for one year from purchase date
Self-study - On-Demand
10 CPE (10 technical)
Course code: 26SI-0179
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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.
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
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.
Major subjects
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Scope of FASB ASC 740.
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Tax positions, including uncertain tax positions.
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Deferred tax assets and liabilities.
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Permanent and temporary differences.
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State and local tax accounting.
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Valuation allowances.
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Financial statement presentation and disclosure.
Learning objectives
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Recall the objectives and key terms of FASB ASC 740, Income Taxes.
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Identify the entities and tax types that fall within and outside the scope of FASB ASC 740.
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Distinguish between permanent and temporary book-tax differences.
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Identify the basic model for recognition and measurement of deferred taxes.
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Identify the steps involved in the tax provision calculation for SALT jurisdictions.
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Recognize the financial statement effects of uncertain tax positions.
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Recognize how to determine the valuation allowance.
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Identify the components of income tax expense from continuing operations.
Who should take this program?
- Tax staff and seniors, audit staff and seniors and corporate accountants.
Pricing
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Standard Member Fee |
$209.00
|
 Standard Nonmember Fee |
$250.00
|
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