Accounting for Deferred Income Taxes: Case Studies for ASC 740 (SFAS No. 109 and FIN 48)

Previous title: Accounting for Income Taxes: Applying Temporary and Uncertain Tax Positions

This course contains the framework of the rules of ASC 740: (SFAS 109 and FIN 48) and how these are manifested in accounting for income taxes, including the statement of financial position classification of deferred tax accounts and disclosures. The course includes case studies of actual scenarios. In addition, participants will receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

Topics Discussed:

• Effective Income Tax Rate
• Intra-Period Tax Allocation
• Uncertain Tax Positions
• Schedule of Temporary Differences by Period
• Valuation Allowance
• Business Combinations and the Impact on Income Taxes
• Income Tax Footnote Disclosures

Learning Objectives:
The course is designed to enable you to apply the principles of ASC 740 to your own or your clients' scenarios. The course content includes examples of assumptions required and the measurement of income tax expense/OCI and deferred tax liabilities and assets as well as the proper documentation in the work papers.

Prerequisite: None

Advanced Preparation:  None

DVD format coming soon!