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October 31, 2017
3:00PM - 7:00PM ET


November 06, 2017
10:00AM - 2:00PM ET



Course Description

This course is designed as a basic level tax accounting course for those who need to familiarize themselves with accounting for current and deferred tax items. Learn how the tax accounting rules under ASC 740 are applied by working on various exercises for compilation and preparation of a tax provision.



Lynne Glennon

Lynne is a full-time faculty member for DePaul University’s Master of Science in Taxation program and teaches Transactions in Property, Taxation of Corporations and Shareholders, Partnership Taxation and Accounting for Income Taxes in the traditional classroom setting, as well as online for a national CPA firm. In addition to teaching, Lynne has written a chapter on Accounting for Income Taxes for Wiley’s Accounting Practitioners’ publication, is the faculty advisor for the annual Deloitte FanTaxtic student tax case competition, has participated on panel discussions for the Chicago Tax Club and Tax Executive Institute and has consulted for a Fortune 500 company.

Prior to teaching full time, Lynne worked in both industry and public accounting for 20 years as a Tax Director and Tax Consultant. She was Director of Tax Planning for Global Hyatt Corporation where she was responsible for analyzing and planning for the tax consequences and financial reporting of mergers, acquisitions, entity restructurings, and overseeing IRS audit defense for the company. As a senior manager in Deloitte & Touche’s lead tax services group, her career focus was corporate and partnership taxation where she served as consultant on a number of multi-national clients in the manufacturing, distribution and service industries.

Course Specifics

Jul 28, 2016

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:


  • Identify the importance of internal controls (SOX) when preparing a tax provision
  • Understand the scope and basic principles of ASC 740
  • Identify and record permanent and temporary tax adjustments
  • Identify how to record basic journal entries for current and deferred taxes and 'true-up' adjustments
  • Understand how to prepare a tax provision and rate reconciliation schedule
  • Determine how, when, and why valuation adjustments are made to tax accounts

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