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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
Field(s)
of study
Accounting - Technical (4.0)
Instructor Eugene Ristaino
Fees
Standard Member Fee $149.00
Standard Nonmember Fee $199.00

Description

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

Notes:

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

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

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