CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Income Taxes: Introduction

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
4 Credits: Accounting

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.

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

Course Specifics

Course ID
1163448VID
Revision Date
March 31, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Lynne Glennon Headshot
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. …

Lynne Glennon Read More »

Accounting for Income Taxes: Introduction

Expert Instructors
Format
CPE CREDITS
4 Credits: Accounting

$196.00

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
4 Credits: Accounting

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.

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

Course Specifics

Course ID
1163448VID
Revision Date
March 31, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Lynne Glennon Headshot
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. …

Lynne Glennon Read More »

Accounting for Income Taxes: Introduction

Expert Instructors
Format
CPE CREDITS
4 Credits: Accounting

$196.00