Understanding Accounting For Income Taxes (GAIT)

Customer Rating
Field of Study
Accounting
Level
Intermediate
Credits
4
Qualifies For
CPE



Price:  $39.99
Since its inception nearly 25 years ago, many have continued to struggle with applying the current model for accounting for income taxes. But this doesn’t 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. We’ll also explore the changes on the horizon to accounting for income taxes.

Additional information

Credits

4

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (Technical) (4)

Field of Study Department

Accounting (Technical)

Course Version

2020-01

CPE Approved

1

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

  • Classification of deferred tax assets and liabilities 
  • Disclosure requirements
  • Reporting income-tax expense and balance sheet items 
  • Defining, analyzing, and reporting uncertain tax positions  
  • Recent and proposed changes to the accounting and disclosure requirements for income taxes
  • The sources of deferred tax assets and liabilities 
  • Calculating the deferred tax asset or liability 

Learning Objectives:

  • Develop appropriate disclosures
  • Comprehend recent and proposed changes to accounting guidance for income taxes
  • Determine when and how to report uncertain tax positions
  • Identify and calculate the deferred tax asset or liability for an entity 
  • Calculate and report the components of income tax expense 

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