Since its inception nearly 30 years ago, many have continued to struggle with applying the current model for accounting for income taxes, ASC 740. But this does not have to be you.
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
BENEFITS
- 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
- Develop appropriate disclosures
- Comprehend recent or proposed changes to accounting guidance for income taxes
HIGHLIGHTS
- The sources of deferred tax assets and liabilities
- Calculating the deferred tax asset or liability
- Reporting income-tax expense and balance sheet items
- Defining, analyzing, and reporting uncertain tax positions
- Classification of deferred tax assets and liabilities
- Disclosure requirements
- Finalized and proposed changes to ASC 740, including ASU 2023-09, CAMT, and global tax transparency initiatives
PREREQUISITES
Experience in financial accounting and reporting
ADVANCE PREPARATION
None