Webcast: Mastering Accounting for Income Taxes (XSAIT4319)
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Since its inception nearly 25 years ago, many have continued to struggle with applying the current model for accounting for income taxes. But this doesn’t have to be you. This course will provide you with the basic knowledge necessary to understand the complexities of this challenging topic. Through discussions and use of exercises, this course will analyze the authoritative literature to provide a thorough understanding of such topics as deferred taxes, income tax expense, uncertain tax positio

8/15/2019
When: August 15, 2019
12:00 PM until 3:30 PM
Where: Webcast
Surgent
AIT4-2019-01-WEBNR-227-01
United States
Presenter: Richard Daisley, CPA


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Acronym XSAIT4319
CPE 4 hours
Vendor Surgent
Category
Accounting & Auditing
Level Intermediate
Yellow Book? No
CFP Credit? No
Registration Fees
Members* $139
CPA Non-Members $189

*The member rate applies to LCPA members, other state CPA 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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

Since its inception nearly 25 years ago, many have continued to struggle with applying the current model for accounting for income taxes. But this doesn’t have to be you. This course will provide you with the basic knowledge necessary to understand the complexities of this challenging topic. Through discussions and use of exercises, this course will analyze the authoritative literature to provide a thorough understanding of such topics as deferred taxes, income tax expense, uncertain tax positions and other classification and disclosure requirements. We’ll also explore the changes on the horizon to accounting for income taxes.

Objectives

  • Identify and calculate the deferred tax asset or liability for an entity
  • Determine when and how to report uncertain tax positions
  • Calculate and report the components of income tax expense
  • Explain the financial accounting impact on income taxes due to the TCJA
  • Develop appropriate disclosures
  • Comprehend recent and proposed changes to accounting guidance for income taxes




Major Topics

  • The sources of deferred tax assets and liabilities
  • Calculating the deferred tax asset or liability
  • Reporting income-tax expense and balance sheet items
  • Accounting for the impact of the TCJA and other changes in tax law and rates
  • Defining, analyzing, and reporting uncertain tax positions 
  • Classification of deferred tax assets and liabilities
  • Disclosure requirements
  • Recent and proposed changes to the accounting and disclosure requirements for income taxes




Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Requisite Knowledge:

Experience in financial accounting and reporting

Note: Login instructions will be provided by the webcast vendor (Surgent).