Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides a foundational overview of accounting for income taxes under ASC 740, focusing on key concepts, strategies, and common challenges encountered in practice. Participants will gain an understanding of intraperiod and interperiod tax allocation, recognition principles, and the treatment of permanent and temporary differences. The course also explores important areas such as operating losses, subsidiary undistributed earnings, uncertain tax positions, and disclosure requirements.
By the end of the course, learners will be equipped with the knowledge to apply proper tax accounting procedures, interpret complex tax-related transactions, and ensure accurate and compliant income tax reporting.
Topics Include:
- Overview of ASC 740
- Recognition
- Permanent Differences
- Temporary Differences
- Operating Losses
- Subsidiary Undistributed Earnings
- Disclosures
- Uncertain Tax Positions
Key Takeaways
After completing this course, the learner should be able to:
- Define interperiod tax allocation.
- Define permanent and temporary differences and apply the proper tax determination procedures.
- Apply the proper accounting for income taxes with regard to operating losses.
- Apply the rules for subsidiary undistributed earnings.
- Apply the required disclosures for income tax reporting.
- Apply the guidance for uncertain tax provisions.
Who Will Benefit
This course is ideal for accounting professionals, tax specialists, and financial reporting staff who need a solid foundation in income tax accounting under ASC 740. It benefits them by building the knowledge required to apply complex tax rules, ensure compliance, and improve the accuracy of income tax reporting.
Disclaimer
Most of CPA Ontario's 450+ on-demand courses are compatible with the mobile app. Unfortunately, this on demand course is not compatible. For the best learning experience, we suggest you use your computer.
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal.
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Speaker(s)
Becker has been the partner accountants trust with their professional education for more than 60 years. Our team of expert instructors draws on decades of real-world experience to deliver comprehensive coursework that translate concepts into real-life examples. Becker has prepared people from more than 2,900 accounting firms, alliances, corporations, government agencies and universities.