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Advanced Income Tax Accounting - Tax Staff Essentials, Level 4 - Tax Manager/Director

Author/Moderator: Bobby Carmichael, EdD, CPA
Publisher: AICPA
Availability: Online Access
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AICPA's Tax Staff Essentials, Level 4 – Tax Manager/Director

This comprehensive, integrated curriculum provides tax training for four different experience levels – New Staff (Level 1), Experienced Staff (Level 2); Tax Senior/Supervisor (Level 3); and Tax Manager/ Director (Level 4).

This course is part of Tax Staff Essentials, Level 4 – Tax Manager/Director contains the advanced technical level of training your firm needs to maintain and improve its core competencies. As your firms leaders expand their levels of expertise, so does your firm expand its ability to offer its professional services to new and existing clients.

Understand the increasingly complex rules governing income tax accounting and learn how to address them through active scenarios and practical exercises. Discover specifics you can use to apply ASC 740 and the impact that IFRS has had on accounting for income taxes and the impact of dealing with other accounting standards in conjunction with ASC 740.

Topics Discussed

  • Advanced aspects of ASC 740
  • Comparison of ASC 740 to IAS 12
  • Stock compensation ASC 718
  • Intra-period tax allocation
  • Accounting for uncertainty in income taxes
  • Business combinations and other purchase transactions

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

  • Apply the complex rules of ASC 740 (SFAS No. 109 and FIN 48) to new and challenging situations.
  • Identify the similarities and differences between U.S. GAAP and IFRS with deferred tax implications.
  • Apply ASC 740 to state and local income tax complexities.
  • Determine the applicable tax rate for complex situations.
  • Schedule temporary differences in various complex situations.
  • Apply ASC 740 to changes in tax laws or rates, accounting methods, tax status, and interim periods.
  • Apply ASC 740 to ASC 805, Business Combinations, and ASC 810, and non-controlling Interests in Consolidated Financial Statements.
  • Apply intraperiod tax allocation with a five-step approach for more complex situations.
  • Apply ASC 740 to stock-based compensation issues.
  • Compute the valuation allowance considering items that reduce the need for an allowance.

Prerequisite: Experience in financial reporting and basic knowledge of ASC 740 (SFAS No. 109)

Advanced Preparation: None

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NASBA Field of Study: Accounting
Level: Advanced
Recommended CPE Credit: 12.5
Advanced Income Tax Accounting - Tax Staff Essentials, Level 4 - Tax Manager/Director
CPE On-Demand
Product# 157830
Availability: Online Access 365 Day
For registered users only
AICPA Member:$309.00
Your Price:$379.00
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