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Webinar (CA): Deferred Income Taxes

Description

Accounting for income taxes is now a complex set of standards with computational difficulties and confusion. Particularly relating to private companies. A practical approach is shown to navigate the maze, simplify basic calculations, and clarify financial statements. Includes a review on the impact of the 2017 Tax Reform Act on calculations.

Learning Objectives

• Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740.
• We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations.
• Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations.
• Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements.

Major Topics

• Sample Schedule M calculations
• Sample work papers for deferred tax computations
• Comprehensive two-year example and computations
• Review and analysis of recurring temporary differences
• Identification of the sources to compute “cumulative temporary differences”
• Sample workpapers for analysis of tax positions

Provider
California CPA Education Foundation
Course Level
Basic
CPE Field of Study
Accounting
4
Who Should Attend

CPAs, accountants and financial professionals.

Instructor(s)
Eugene Ristaino
Prerequisites

None

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Jan 7, 2022
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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Webinar (CA): Deferred Income Taxes


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