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Advanced Income Tax Accounting - Practical Applications Under ASC 740

Author/Moderator: Bobby J. Carmichael, Ed.D., CPA
Publisher: AICPA
Availability: Varies by Format (See Below)
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Description

Available Formats:  Text | On-Demand | See All

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 (formerly SFAS No. 109 and FIN 48) 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:

  • ASC 740
  • Deferred Income Tax Reporting
  • Interim-Period Reporting
  • Uncertain Tax Positions
  • Regulated Entities, Leveraged Leases, Quasi-Reorganizations
  • Emerging Issues Task Force
  • Business Combinations and Acquisitions

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

  • Identify the complex issues involving the application of ASC 740
  • Review income tax provisions calculations under ASC 740
  • Understand and apply deferred tax implications of stock options
  • Recognize and apply rules for interim-period reporting
  • Identify and determine uncertain tax liability versus deferred tax asset or liability
  • Make required disclosures for uncertain tax positions
  • Explain the IAS and GAAP Convergence Project as it relates to ASC 740
  • Recognize deferred tax benefits at acquisition or after acquisition
  • Account for the deferred tax effects related to tax deductible Goodwill
  • Understand the accounting for tax benefits of net operating loss or tax credit carryforwards related to business acquisitions

Who Will Benefit?

  • Managers, Officers, Directors

Prerequisite: 3-5 years Financial Reporting

Advanced Preparation: None

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NASBA Field of Study: Accounting
Level: Advanced
Recommended CPE Credit: Text - 10.5; On-Demand - 8
Advanced Income Tax Accounting - Practical Applications Under ASC 740
Text , 2014
Product# 735245
Availability: In Stock
Regular:$206.25
AICPA Member:$165.00
Your Price:$206.25
Advanced Income Tax Accounting - Practical Applications Under ASC 740
CPE On-Demand , 2014
Product# 163170
Availability: Online Access 1 Year
For registered users only
Regular:$206.25
AICPA Member:$165.00
Your Price:$206.25
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