Purchase Course

Accounting for Income Taxes (Virtual)   

16

Estimated CPE
Tuition
$1,495.00
Approximate Length
16:00:00
Course Number
21-VC-245-EE
Course Leader
Dan Gode
16

Estimated CPE
Tuition
$1,495.00
Approximate Length
16:00:00
Course Number
21-VC-245-EE
Course Leaders
Dan Gode
Course Leader
Dan Gode

Course Details

This live, virtual seminar is designed to help you understand and apply income tax accounting per ASC 740 (the FASB standard for accounting for income taxes) including the effect of the 2017 tax reform. Each day’s agenda features individual modules (each less than an hour) as well as breaks. This interactive course does more than describe technical requirements; the rationale and consequences of the relevant accounting standards will be explained using easy-to-follow examples with detailed journal entries. Days 1 and 2 introduce the conceptual foundation of ASC 740 by explaining how to reconcile permanent and temporary differences between four sets of flows:

  • cash flows
  • GAAP income
  • taxable income
  • more-likely-than-not taxable income given uncertainty in income taxes.

We will also cover tax-loss carryforwards, tax-credit carryforwards, other comprehensive income, and tax disclosures.

Days 3 and 4 cover more advanced concepts, including:

  • valuation allowances
  • unrecognized tax benefits
  • interim tax allocations
  • business combinations
  • stock compensation.

This virtual seminar will have 4 parts. The seminar will run from approximately 12:30 PM - 4:30 PM EST daily.

By attending all 4 training days you will be eligible to earn up to 16 CPE credits.

Course Agenda

  • Permanent vs. taxable and deductible temporary differences between book flows and tax flows and how they affect the effective tax rate
  • The difference between taxes payable (refundable), unrecognized tax benefit liabilities, and deferred tax liabilities (assets)
  • Taxes and other comprehensive income
  • Tax credit carryforwards and tax loss carry forwards
  • Valuation allowance for deferred taxes
  • Unrecognized tax benefit liabilities
  • Interim period taxes for quarterly reporting
  • Deferred taxes for business combinations and share-based compensation

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Permanent and Temporary Differences, Tax Disclosures, Other Comprehensive Income, Tax Credit Carryforwards, Loss Carryforwards, Valuation Allowance, Unrecognized Tax Benefits, Share-based Compensation, Business Combinations, Interim Period Taxes

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training
12/7 - 12/10/2021

This live, virtual seminar is designed to help you understand and apply income tax accounting per ASC 740 (the FASB standard for accounting for income taxes) including the effect of the 2017 tax reform. Each day’s agenda features individual modules (each less than an hour) as well as breaks. This interactive course does more than describe technical requirements; the rationale and consequences of the relevant accounting standards will be explained using easy-to-follow examples with detailed journal entries. Days 1 and 2 introduce the conceptual foundation of ASC 740 by explaining how to reconcile permanent and temporary differences between four sets of flows:

  • cash flows
  • GAAP income
  • taxable income
  • more-likely-than-not taxable income given uncertainty in income taxes.

We will also cover tax-loss carryforwards, tax-credit carryforwards, other comprehensive income, and tax disclosures.

Days 3 and 4 cover more advanced concepts, including:

  • valuation allowances
  • unrecognized tax benefits
  • interim tax allocations
  • business combinations
  • stock compensation.

This virtual seminar will have 4 parts. The seminar will run from approximately 12:30 PM - 4:30 PM EST daily.

By attending all 4 training days you will be eligible to earn up to 16 CPE credits.

Course Agenda

  • Permanent vs. taxable and deductible temporary differences between book flows and tax flows and how they affect the effective tax rate
  • The difference between taxes payable (refundable), unrecognized tax benefit liabilities, and deferred tax liabilities (assets)
  • Taxes and other comprehensive income
  • Tax credit carryforwards and tax loss carry forwards
  • Valuation allowance for deferred taxes
  • Unrecognized tax benefit liabilities
  • Interim period taxes for quarterly reporting
  • Deferred taxes for business combinations and share-based compensation

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Permanent and Temporary Differences, Tax Disclosures, Other Comprehensive Income, Tax Credit Carryforwards, Loss Carryforwards, Valuation Allowance, Unrecognized Tax Benefits, Share-based Compensation, Business Combinations, Interim Period Taxes

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training
Dates


12/7 - 12/10/2021