Description
Learn to understand the complicated accounting model, FASB Accounting Standards Codification (ASC) 740, Income Taxes - its rules are becoming more challenging as businesses become more complex. Both public accountants and tax staff in industry will be prepared for tax provision work.
Designed For
Who Will Benefit?
- Tax staff and senior associates
- Controllers
- Tax directors
Objectives
- Recall the principles of FASB ASC 740, Income Taxes.
- Recall how to calculate income tax expense and deferred tax assets and liabilities.
- Identify steps necessary to determine the valuation allowance.
- Identify components of proper documentation of deferred income taxes in the working papers, as well as required disclosures within the financial statements.
Highlights
- Principles of FASB ASC 740
- Income tax expense and deferred tax liabilities and assets
- Valuation allowances
- Proper documentation of deferred income taxes in working papers
- Required disclosures within the financial