This course provides an overview of the basics of accounting for income taxes (ASC 740). It covers the scope, general principles of the income tax provision, background on tax rate considerations, and brief exposure to the concepts of uncertainty in taxes, valuation allowance on deferred tax assets and exceptions to deferred tax recognition. This course does not include the updated guidance that was released in ASU 2019-12 Simplifying the accounting for income taxes.
By the end of this course, participants should be able to:
Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.
Keywords: Income Tax, ASC 740, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is mobile-compatible.
Pre-requisites: There are no pre-requisites for this course.
This course provides an overview of the basics of accounting for income taxes (ASC 740). It covers the scope, general principles of the income tax provision, background on tax rate considerations, and brief exposure to the concepts of uncertainty in taxes, valuation allowance on deferred tax assets and exceptions to deferred tax recognition. This course does not include the updated guidance that was released in ASU 2019-12 Simplifying the accounting for income taxes.
By the end of this course, participants should be able to:
Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.
Keywords: Income Tax, ASC 740, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is mobile-compatible.
Pre-requisites: There are no pre-requisites for this course.