Description
This course will help the seasoned tax professional identify topical issues related to tax provisions.
Designed For
- Tax directors
- Tax professionals
Objectives
- Apply the complex rules of FASB ASC 740 to new and challenging situations.
- Identify the similarities and differences between U.S. GAAP and IFRS regarding deferred tax implications.
- Apply FASB ASC 740 to state and local income tax complexities.
- Determine the applicable tax rate for complex situations.
- Schedule temporary differences in various complex situations.
- Apply FASB ASC 740 to FASB ASC 805, Business Combinations, and FASB ASC 810, Consolidation, and to noncontrolling interests in consolidated financial statements.
- Apply intra-period tax allocation with a five-step approach to more complex situations.
- Apply FASB ASC 740 to stock-based compensation issues.
- Compute the valuation allowance, considering items that reduce the need for an allowance.
Highlights
- FASB ASC 740
- Comparison of FASB ASC 740 to IAS 12, Income Taxes
- Intra-period tax allocation
- Business combinations
- Stock-based compensation