This course will provide you with a basic understanding of the fundamental concepts of accounting for income taxes and the skills needed to compute the basic tax provision for financial statement reporting.

Objectives: * Identify and calculate the deferred tax asset or liability for an entity * Recognize the four basic steps to accounting for income taxes * Calculate and report the components of income tax expense

Major Subjects: * Basic premises of accounting for income taxes * The sources of deferred tax assets and liabilities * Calculating the deferred tax asset or liability

Designed for: CPAs who prepare, compile, review, or audit for-profit and nonprofit entities that issue GAAP basis financial statements

Prerequisite: None 

Advanced Prep: None

Speaker: Chuck Borek, CPA, JD, MBA

Vendor: Surgent McCoy

Field of Study: Accounting (2)

Level: Basic

CPE Credit: 2 Hours

Acronym: AIT2

Registration Fees: $89.00

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