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Accounting for Deferred Income Taxes

Type: Video Webcast
Date: September 22, 2015
Time: 09:00 AM - 04:45 PM ET
Recommended CPE Credit: 8
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This Update is being offered on multiple dates and times. At bottom of page, select the date/time that best fits your schedule.

Understand the rules of ASC 740 (formerly known as SFAS 109 and FIN 48) and how these rules establish guidelines for income tax accounting, including the statement of financial position, classification of deferred tax accounts, and disclosures. Case studies give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

Learning Objectives:
When you complete this course you will be able to:

  • Apply the principles of ASC 740 to their own or to clients' scenarios.
  • Demonstrate an understanding of how to calculate income tax expense/OCI and deferred tax liabilities and assets.
  • Identify steps necessary to calculate the valuation allowance.
  • Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements.

Topics Discussed:

  • Theoretical concepts of ASC 740
  • Identifying and measuring temporary differences
  • Identifying tax differences and a four-column worksheet
  • Tax benefits for carrybacks and carryforwards
  • Accounting for uncertainty in income taxes
  • Reporting and disclosure under ASC 740
  • ASC 740-20 intraperiod tax allocation
  • Case studies and examples illustrating theory and concepts

Field of Study: Accounting
Level: Basic
Prerequisites: None
Important Information on Your CPE Credit

Accounting for Deferred Income Taxes
Individual CPE
September 22, 2015 9:00 AM - 4:45 PM ET
Video Webcast ,
Product# VAIT017
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
Accounting for Deferred Income Taxes
Individual CPE
October 16, 2015 9:00 AM - 4:45 PM ET
Video Webcast ,
Product# VAIT018
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
Accounting for Deferred Income Taxes
Individual CPE
November 9, 2015 10:30 AM - 6:45 PM ET
Video Webcast ,
Product# VAIT019
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
Accounting for Deferred Income Taxes
Individual CPE
December 15, 2015 9:00 AM - 4:45 PM ET
Video Webcast ,
Product# VAIT020
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
Accounting for Deferred Income Taxes
Individual CPE
January 25, 2016 10:30 AM - 6:45 PM ET
Video Webcast
Product# VAIT021
Availability: Online Access
Live Webcast
Regular:$345.00
AICPA Member:$249.00
Your Price:$345.00
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