
Self-Study



Intermediate



CPE Credits
4 Credits: Accounting
Course Description
Expand your expertise in ASC 740 and learn about complex issues concerning evaluating the need for a valuation allowance. Join Lynne Glennon, CPA as she covers the nuances of reporting, recording, and disclosing uncertain tax positions (FIN 48). Case studies and numerous examples are included to provide a more in-depth understanding of accounting for income taxes.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Section 1
- Cite the background and objectives of FIN 48 (ASC 740-10) and identify the underlying principles that it is based upon
- Specify the impact of FIN 48 (ASC 740-10) on various entity types
- Identify the elements of the FIN 48 (ASC 740-10) calculation, noting the measurement and evaluation process
Section 2
- Identify the components of FIN 48 items, noting the appropriate measurement and recording for the associated assets or liabilities
- Recognize the requirements for filing Schedule UTP, identify the components of that schedule, and determine which items would be reportable therein
- Identify disclosure requirements for both public and private companies
Section 3
- Identify potential sources of taxable income to consider when calculating the need for a valuation allowance on deferred tax assets
- Cite the considerations addressed when gathering both positive and negative evidence in support of (or disputing) the need for a valuation allowance from deferred tax assets (DTAs)
- Specify the important considerations when forecasting future earnings and cite the steps in the process
Section 4
- Identify acceptable methods for estimating future taxable income, noting their appropriate application to various company situations
- Recognize the purpose of scheduling, noting the proper implementation of the scheduling process
- Identify tax planning strategies and determine their use as it relates to the recognition and valuation of deferred tax assets
Course Specifics
Course ID 1163449VID |
Revision Date April 1, 2020 |
Advanced Preparation None |
Compliance information
Course Instructor



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. …
Accounting for Income Taxes: Intermediate
$196.00



Self-Study



Intermediate



CPE Credits
4 Credits: Accounting
Course Description
Expand your expertise in ASC 740 and learn about complex issues concerning evaluating the need for a valuation allowance. Join Lynne Glennon, CPA as she covers the nuances of reporting, recording, and disclosing uncertain tax positions (FIN 48). Case studies and numerous examples are included to provide a more in-depth understanding of accounting for income taxes.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Section 1
- Cite the background and objectives of FIN 48 (ASC 740-10) and identify the underlying principles that it is based upon
- Specify the impact of FIN 48 (ASC 740-10) on various entity types
- Identify the elements of the FIN 48 (ASC 740-10) calculation, noting the measurement and evaluation process
Section 2
- Identify the components of FIN 48 items, noting the appropriate measurement and recording for the associated assets or liabilities
- Recognize the requirements for filing Schedule UTP, identify the components of that schedule, and determine which items would be reportable therein
- Identify disclosure requirements for both public and private companies
Section 3
- Identify potential sources of taxable income to consider when calculating the need for a valuation allowance on deferred tax assets
- Cite the considerations addressed when gathering both positive and negative evidence in support of (or disputing) the need for a valuation allowance from deferred tax assets (DTAs)
- Specify the important considerations when forecasting future earnings and cite the steps in the process
Section 4
- Identify acceptable methods for estimating future taxable income, noting their appropriate application to various company situations
- Recognize the purpose of scheduling, noting the proper implementation of the scheduling process
- Identify tax planning strategies and determine their use as it relates to the recognition and valuation of deferred tax assets
Course Specifics
Course ID 1163449VID |
Revision Date April 1, 2020 |
Advanced Preparation None |
Compliance information
Course Instructor



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. …
Accounting for Income Taxes: Intermediate
Expand your expertise in ASC 740 and learn about complex issues concerning evaluating the need for a valuation allowance. Join Lynne Glennon, CPA as she covers the nuances of reporting, recording, and disclosing uncertain tax positions (FIN 48). Case studies and numerous examples are included to provide a more in-depth understanding of accounting for income taxes.
$196.00