Surgent's Mastering Accounting for Income Taxes (AIT4)
2025-10-31 13:00 - 16:30 UTC | Webinar
Surgent's Mastering Accounting for Income Taxes (AIT4)

10/31/25 08:00 AM CST
- 10/31/25 11:30 AM CSTDescription:
Since its inception nearly 30 years ago, many have continued to struggle with applying the current model for accounting for income taxes, ASC 740. But this does not have to be you. This course will provide you with the basic knowledge necessary to understand the complexities of this challenging topic. Through discussions and the use of exercises, this course will analyze the authoritative literature to provide a thorough understanding of such topics as deferred taxes, income tax expense, uncertain tax positions, and other classification and disclosure requirements. We will also explore some specialized areas of income tax accounting, such as intraperiod allocations of income tax expense, global minimum tax developments, and the financial reporting impact of the One Big Beautiful Bill Act (OBBBA) signed into law in July 2025, and review finalized and emerging updates to ASC 740, including expanded disclosure requirements under ASU 2023-09.In summary, this course is the place to be to enhance your accounting for income taxes IQ.Objectives:Identify and calculate the deferred tax asset or liability for an entityDetermine when and how to report uncertain tax positionsCalculate and report the components of income tax expenseDevelop appropriate income tax disclosuresComprehend recent and proposed changes to accounting guidance for income taxesPresenters:Jason Carney, CPA, PMP, CISAField of Study:Accounting (2), Auditing (2)Major Topics:The sources of deferred tax assets and liabilitiesCalculating the deferred tax asset or liabilityReporting income-tax expense and balance sheet itemsDefining, analyzing, and reporting uncertain tax positionsClassification of deferred tax assets and liabilitiesDisclosure requirementsFinalized and proposed changes to ASC 740, including ASU 2023-09, CAMT, and global tax transparency initiativesLocation:
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