Accounting for Income Taxes

Bridge the gap between book income and taxable income and apply the GAAP rules for income taxes. This course explains how to account for temporary differences, carrybacks, and carryforwards, and how to recognize and measure deferred tax assets and liabilities. Learn to evaluate uncertain tax positions, prepare required disclosures, and align financial reporting with complex tax regulations. Strengthen your technical expertise and ensure accurate, compliant income tax accounting across reporting periods.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1124

Learning Objectives
  • Recognize situations in which a firm is taking a tax position, and specify the accounting implications of doing so.
  • Identify those financial statement line items that are stated net of tax.
  • Describe the various items that can impact the applicable tax rate.
  • Specify how the tax rate is applied in interim periods.
  • Recognize the various disclosures related to income taxes.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: August 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.