October 19, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Deferred Income Taxes: A Practical Approach

Description

Accounting for income taxes is now a complex set of standards with computational difficulties and confusion. Particularly relating to private companies. A practical approach is shown to navigate the maze, simplify basic calculations, and clarify financial statements. Includes a review of the impact of the 2017 Tax Reform Act on calculations.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Accounting & Auditing
4

Objectives

  • Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740
  • We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations
  • Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations
  • Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements

Course Level

Beginning

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

CPAs, accountants and financial professionals.

Prerequisites

None.

Highlights

  • Sample Schedule M calculations
  • Sample work papers for deferred tax computations
  • Comprehensive two-year example and computations
  • Review and analysis of recurring temporary differences
  • Identification of the sources to compute cumulative temporary differences??
  • Sample workpapers for analysis of tax positions

Notes

None

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