Self-Study
4
Basic
Accounting
There are no prerequisites.

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.



Instructor

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

Accounting
Jan 22, 2017
There are no prerequisites.
SS1163448
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

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

Section 1

  • Identify the terminology and language of accounting for income taxes and how it relates to the accounting standards and the financial reporting for taxes

Section 2

  • Recognize differences between temporary differences and what are referred to as permanent differences and cite examples of each and their impacts on the financial statements
  • Cite relevant facts related to Alternative Minimum Tax (AMT)

Section 3

  • Identify the components of the tax provision and cite formulas for implementing the calculation of the tax provision
  • Cite the impact of various activities which are treated differently for book and tax purposes and identify their impact on the balance sheet and income statement

Section 4

  • Identify the characteristic of tax attributes and cite the impact to them in various tax scenarios including the implications of valuation allowances



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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