Product Image

Income Tax Accounting - Tax Staff Essentials

Author/Moderator: Bobby Carmichael, EdD, CPA
Publisher: AICPA
Availability: Online Access
See Below To Add To Cart
View Online Catalog
Print This Page
Available Formats:  On-Demand | See All

Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.

This CPE course contains the framework of the rules of ASC 740 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.

Topics Discussed

  • Permanent and timing differences
  • Income tax expense
  • Effective tax rate
  • Current income tax liability
  • Deferred income tax assets and liabilities
  • Tax basis balance sheet

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

  • Calculate income tax expense for financial statement purposes.
  • Identify and classify deferred tax assets and deferred tax liabilities.
  • Complete a worksheet that provides documentation for the reporting and disclosure requirements and for the preparation of required journal entries.
  • Account for operating loss carryforwards and tax credit carryforwards.
  • Compute the valuation allowance with consideration given to items that are allowed to reduce the need for an allowance.
  • Apply concepts to practical situations.

Prerequisite: Basic knowledge of ASC 740

Advanced Preparation: None

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the Tax Section.

NASBA Field of Study: Accounting
Level: Intermediate
Recommended CPE Credit: 11
Income Tax Accounting - Tax Staff Essentials
CPE On-Demand
Product# 157732
Availability: Online Access 1 Year
For registered users only
AICPA Member:$239.00
Your Price:$299.00
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.