Surgent's Mastering Accounting for Income Taxes (AIT4)

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
• Explain the financial accounting impact on income taxes due to the TCJA
• Develop appropriate disclosures
• Comprehend recent and proposed changes to accounting guidance for income taxes

Topics Discussed:

• The sources of deferred tax assets and liabilities
• Calculating the deferred tax asset or liability
• Reporting income-tax expense and balance sheet items
• Accounting for the impact of the TCJA and other changes in tax law and rates
• 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

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

Level: Intermediate

Instructor: Richard Daisley, CPA

CPE Credits: 4

Area of Study: Accounting (Technical) (4)