Recognize the theory of deferred taxes and how this theory can then be applied to practical situations.
Identify the scope, objectives, or basic principles of FASB Accounting Standards Codification (ASC) 740, Income Taxes.
Identify recognition and measurement of deferred taxes under FASB ASC 740.
Overview
In today’s reporting environment, it is important for the professional accountant to accurately and efficiently report the results of a company’s operation. A practical application worksheet approach is used that will aid in this process. There is no other area in accounting that is as far reaching and requires knowledge of as vast a number of topics in financial and tax accounting as accounting for deferred taxes. This course addresses the application of this complex standard to many common differences between financial accounting and tax compliance.
The Sarbanes-Oxley Act requires senior executives to attest to the extent and effectiveness of internal controls for financial reporting. The controls surrounding the tax function are a critical component of this compliance. Controls should be in place to provide timely and accurate information for all required data that is the basis for properly measuring a firm’s deferred tax asset (DTA) or deferred tax liability (DTL) and properly reporting this information ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.