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Sessions | Instructor | Event Registration |

Event Information

Deferred Income Taxes Webcast | 4203466A
Date: July 8, 2020
Event Start time: 8:30 AM   End time: 12:00 PM
Location: Webcast

Facility: Webcast Remote


Member:       $150
Nonmember: $201

CPE Credits:

4.00 CPE: Continuing Professional Education Technical
4.00 AA: Auditing & Accounting

Accounting for income taxes is now a complex set of standards with computational difficulties and confusion. Particularly relating to private companies. A practical approach is shown to navigate the maze, simplify basic calculations, and clarify financial statements. Includes a review on the impact of the 2017 Tax Reform Act on calculations.

  • Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740.
  • We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations.
  • Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations.
  • Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements.

Major Subjects:
  • Sample Schedule M calculations
  • Sample work papers for deferred tax computations
  • Comprehensive two year example and computations
  • Review and analysis of recurring temporary differences
  • Identification of the sources to compute “cumulative temporary differences”
  • Sample workpapers for analysis of tax positions

Level of Difficulty:

Field of Interest:



Designed For:

CPAs, accountants and financial professionals.

Advanced Prep: