Accounting for Income TaxesCode: 24-ACCTGIT

 65 Pages

Corporations  must  file  income  tax  return  following  the  guidelines  developed  by  the  IRS.   Since  GAAP  and  tax  regulations  differ  in  a  number  of  ways,  so  frequently  do  pretax  financial  income  and  taxable  income.  In consequence, the amount that a company reports as tax expense will differ from the amount of taxes payable to the IRS.  This course covers the basic guidelines that companies must follow in reporting income taxes and the disclosure requirement associated with deferred taxes, reviewing some of the concepts and items discussed in ASC 740, Income Taxes. 

Presentation Method:  QAS Self-Study

 

Category: Accounting

 

CPE credit:  6 Hours




Program Level:  Update




Prerequisites:  None




Advance Preparation:  None




Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase