Accounting for Income Taxes (ASC 740) 2024
16.00 Credits
Member Price $589
Non-Member Price $779
Overview
The current model for accounting for income taxes, ASC 740, is considered one of the more challenging areas in accounting and financial reporting standards. This course will provide you with a basic knowledge of the accounting model, including an overview of the authoritative standards for deferred taxes, income tax expense, uncertain tax positions, and the classification and disclosure requirements in financial reporting for income taxes.
Highlights
- Types and sources of deferred tax assets and liabilities
- Temporary and other than temporary book/tax differences
- Determining current and deferred tax expense or benefit in each reporting period
- Reporting and classifying deferred tax assets and liabilities and income tax expense
Prerequisites
Experience in financial accounting and reporting.
Designed For
Accounting professionals, both in public accounting and industry that are involved in financial statement preparation and review.
Objectives
- Identifying types and sources of deferred tax assets and liabilities
- Understanding temporary book/tax differences that give rise to deferred tax assets and liabilities
- Calculating deferred tax assets and liabilities
- Determining when and how to report uncertain tax positions
Preparation
None
Leader(s):
Leader Bios
Robert Bedwell, Surgent McCoy CPE, LLC
Bob Bedwell, CPA, is an Audit and Advisory Principal at Mallah Furman, with over 35 years of audit and accounting experience. Bob regularly assists clients with a full range of corporate audit and assurance services, including financial statement preparation, auditing, SEC reporting, mergers, acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data.
Bob has been a discussion leader on numerous topics for the Florida Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills.
Bob received his Bachelor of Science in Accounting and Finance from Upsala College in East Orange, New Jersey, and has also earned a Masters in Accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the International Association of Practicing Accountants (IAPC). He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.
Non-Member Price $779
Member Price $589