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22WC-0961: Deferred Income Taxes: A Practical Approach (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, December 12, 2022
Time 10:00am - 1:30pm
Central Time
Location Online
CPE credits CPE 4.0
of study
Accounting - Technical (4.0)
Instructor Eugene Ristaino
Standard Member Fee $149.00
Standard Nonmember Fee $199.00


Accounting for income taxes is now a complex set of standards with computational difficulties and confusion. Particularly relating to private companies. A practical approach is shown to navigate the maze, simplify basic calculations, and clarify financial statements. Includes a review of the impact of the 2017 Tax Reform Act on calculations.

Who should take this program?

CPAs, accountants and financial professionals.

Major subjects

  • Sample Schedule M calculations
  • Sample work papers for deferred tax computations
  • Comprehensive two-year example and computations
  • Review and analysis of recurring temporary differences
  • Identification of the sources to compute "cumulative temporary differences"
  • Sample workpapers for analysis of tax positions

Learning objective(s)

  • Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740
  • We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations
  • Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations
  • Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements


Course code Code 22WC-0961
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Basic
Format Group Internet Based
Prerequisites Prereq.  None.

If you have questions about this event, please call us at 952-831-2707.

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