Accounting for Income Taxes – A Timely Refresher and Update

OVERVIEW • The balance sheet approach to accounting for income taxes • The handling (from creation to write-off) of deferred tax assets and deferred tax liabilities
• Need for a valuation account in certain circumstances
• Specific examples of differences – temporary and permanent
• Special topics such as accounting for net operating losses, multiple tax rates etc.
• AMT
WHY SHOULD YOU ATTEND
Attendees will take away valuable information such as:
• Knowledge of the balance sheet approach for accounting for income taxes.
• A historical accounting for why the profession changed from an income statement approach to the balance sheet approach.

• Accounting for current provision
• Accounting for deferred provision
• Temporary difference and how they “turn around” or reverse
• Permanent difference and how they are ignored for deferred tax purposes
• Net operating losses – carry backs, carry forwards
• Tax rate considerations
•
LEARNING OBJECTIVES
• The historical problems associated with accounting for income taxes.
• How the balance sheet approach dramatically changed income tax accounting.
• The fundamentals surrounding the accounting for income taxes.
• Future activities and their impact on deferred tax assets and/or liabilities.
WHO WILL BENEFIT
• Tax accountants
• Auditors – internal
• Auditors – external
• Senior management
• CPAs – External
• Financial statement preparers

For more detail please click on this below link:
https://bit.ly/2HoNbe6

Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882

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