This two-day CPE seminar will help you apply FAS 109, FIN 48, and their associated pronouncements. Income taxes have two components: current taxes and deferred taxes. Current taxes are based on the tax code while deferred taxes arise due to temporary differences between the book basis and the tax basis of assets and liabilities and due to carryforwards.

Accounting for current taxes is challenging because of tax contingencies, foreign taxes, and stock options. Accounting for deferred taxes requires an understanding of temporary differences between book basis and tax basis, tax credit carryforwards and loss carryforwards, valuation allowances, and the impact of changes in tax rates.

Applying FAS 109 raises several challenges due to its interaction with FIN 48 tax contingencies, other comprehensive income, business combinations, stock options, and foreign operations. The seminar uses a combination of lecture, discussion, and problem solving to clarify the concepts and procedures

This course qualifies for CPE credit.  See below for more detail.

Tuition: $1,645 *
CPE Credit:  16 Recommended Hours
Prerequisite:  Knowledge of Basic Accounting
Preparation:  None
Level of Knowledge:  Intermediate
Field of Study:  Accounting
Delivery Method:  Group Live Instructor Led Course