Webcast: Accounting for Deferred Income Taxes (XAAIT117)
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Understand the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures. Case studies give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

 Export to Your Calendar 7/21/2017
When: 07/21/2017
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1370607:F71505B4D4BFC110C28EFEE192734986
United States
Presenter: Marty Van Wagoner


Online registration is available until: 7/19/2017
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Acronym XAAIT117
CPE 8 hours
Vendor AICPA
Category
Accounting
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Staff and senior associates in public accounting who assist clients with income tax calculations
Registration
Member $249
CPA Non-Member $319

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Understand the rules of ASC 740, Income Taxes, and how these rules establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures. Case studies give you a practical look at how to account for different deferred tax scenarios. You will also receive a comparison of the accounting for income taxes under both U.S. GAAP and IFRS.

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

  • Recall the principles of ASC 740.
  • Recall how to calculate income tax expense and deferred tax assets and liabilities.
  • Identify steps necessary to determine if a valuation allowance is needed.
  • Identify components of proper documentation of deferred income taxes in the workpapers, as well as required disclosures within the financial statements.

TOPICS DISCUSSED

  • Theoretical concepts of ASC 740
  • Identifying and measuring temporary differences
  • Identifying tax differences and a four-column worksheet
  • Tax benefits for carrybacks and carryforwards
  • Accounting for uncertainty in income taxes
  • Reporting and disclosure under ASC 740
  • ASC 740-20 intraperiod tax allocation
  • Case studies and examples illustrating theory and concept