Accounting for Income Taxes - An Overview ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
A business may issue financial statements with one profit or loss figure, while filing a tax return with a different ending result. These reporting variations are due to differences between the accounting standards and tax regulations. Accounting for Income Taxes covers the essential guidelines to be followed when dealing with temporary differences, carrybacks and carryforwards, and whether to recognize deferred tax assets and liabilities. The course also deals with the proper accounting for tax positions, which tax-related information to disclose in the financial statements, and several related matters. In short, this course is the essential reference for anyone accounting for income taxes.
Highlights
Overview of income taxes. Change in tax status. Taxes related to undistributed earnings. Interim reporting. Income taxes presentation. Income taxes disclosure.
Prerequisites
None.
Designed For
CPAs, CEO CFP, and other financial managers.
Objectives
Recognize situations in which a firm is taking a tax position and specify the accounting implications of doing so. Identify those financial statement line items that are stated net of tax. Describe the various items that can impact the applicable tax rate. Specify how the tax rate is applied in interim periods. Recognize the various disclosures related to income taxes.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00