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Accounting for Income Taxes – A Timely Refresher and Update

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Website https://goo.gl/DtvzzH | Edit Freely

Category finance training, financial compliance, purpose of balanced scorecard

Deadline: March 07, 2018 | Date: March 07, 2018

Venue/Country: CO, U.S.A

Updated: 2018-02-05 18:35:42 (GMT+9)

Call For Papers - CFP

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.

• A complete understanding of what are deferred tax assets and deferred tax liabilities.

• A grasp of the difference between temporary differences and permanent differences.

• Circumstances that require use of a valuation account.

AREAS COVERED

• 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

• Future rates/revisions of future rates

• Special issues

• Multiple temporary differences

• Multiple tax rates

• AMT

• Intra-period tax allocation

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.

• The different handling of temporary differences and permanent differences.

• The creation of deferred tax balance sheet accounts.

• Need for a valuation account when it is more likely than not that the net deferred tax asset will not be realized in full.

• Basic provisions of SFAS 109 (ASC 740-10).

WHO WILL BENEFIT

• Tax accountants

• Auditors – internal

• Auditors – external

• Senior management

• CPAs – External

• Financial statement preparers

• Financial statement reviewers

• Controllers’ personnel

• Directors

• Audit committee members

• Treasury personnel

For more detail please click on this below link:

https://goo.gl/i6o89d

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882


Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
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