Live Stream: Mastering Accounting for Income Taxes

331  |  Livestream  |  Intermediate  |  Scheduled

Description

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. 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 related to income taxes. We will also explore some specialized areas of income tax accounting, such as intra-period allocations of income tax expense and accounting for changes in tax laws and rates, and we will review proposed updates to ASC 740 disclosures on which the FASB is contemplating. In summary, this course is the place to be to enhance your accounting for income taxes IQ.

Credits

Number of Credits Type of Credits
2.00 Auditing
2.00 Accounting

Designed For

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

Prerequisites

Experience in financial accounting and reporting

Highlights

  • The sources of deferred tax assets and liabilities
  • Calculating the deferred tax asset or liability
  • Reporting income-tax expense and balance sheet items
  • CARES Act accounting implications
  • 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

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
  • Develop appropriate disclosures
  • Comprehend recent and proposed changes to accounting guidance for income taxes

Prices

Member (Early Bird)
$189.00
Non-Member (Early Bird)
$249.00
Member
$189.00
Non-Member
$249.00
Your Price: $249.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Orume' Hays

Orume' Hays, CPA, CGMA, MST, is the founder and CEO of HAYS CPA LLC, specializing in outsourced CFO services. Named one of the 25 Most Powerful Women in Accounting for 2022 and 2023, she's also recognized by Ignition as a Top 50 Woman in Accounting for 2023. With a Bachelor of Science in Accounting and Finance from the College of Staten Island and a Master of Science in Taxation from Northeastern University, Orume' is a licensed CPA in New York and Virginia. She is a frequent instructor, speaker, and writer on topics ranging from accounting to entrepreneurship. Orume' serves as a statewide Director at Large for the NYSSCPA and Chair of the AICPA's Private Companies Practice Section (PCPS) Executive Committee. Additionally, she holds an adjunct lecturer position at the College of Staten Island, and a graduate advisor position at Hunter College, CUNY.

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