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Overview

8.0 Credits
ONLINE

This course guides participants through concepts that underpin income tax accounting. The course’s example- and scenario-based approach will help participants stay current on the complicated income tax accounting matters relevant to clients. Participants will be exposed to all the fundamental topics of income tax accounting, including deferred tax accounts, temporary and permanent differences, and uncertain tax positions.

Objectives

  • Recall the objectives and key terms of FASB ASC 740, *Income Taxes*.
  • Identify the entities and tax types that fall within and outside the scope of FASB ASC740.
  • Distinguish between permanent and temporary book-tax differences.
  • Identify the basic model for recognition and measurement of deferred taxes.
  • Identify the steps involved in the tax provision calculation for SALT jurisdictions.
  • Recognize the financial statement effects of uncertain tax positions.
  • Recognize how to determine the valuation allowance.
  • Identify the components of income tax expense from continuing operations.

Major Topics

  • Scope of FASB ASC 740
  • Tax positions, including uncertain tax positions
  • Deferred tax assets and liabilities
  • Permanent and temporary differences
  • State and local tax accounting
  • Valuation allowances
  • Financial statement presentation and disclosure

Prerequisite

None

Advanced Preparation

None

Sessions

Please select the appropriate session or option below to continue with your online purchase

Wednesday, October 21, 2026

General Sessions
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