Understanding Accounting For Income Taxes (GAIT)

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

• CARES Act accounting implications
• The sources of deferred tax assets and liabilities
• Disclosure requirements
• Calculating the deferred tax asset or liability
• Classification of deferred tax assets and liabilities
• Reporting income-tax expense and balance sheet items
• Recent and proposed changes to the accounting and disclosure requirements for income taxes
• Defining, analyzing, and reporting uncertain tax positions

Learning Objectives:

• Discuss advanced practice and reporting issues a practitioner currently may encounter.

Designed For:

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review