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Accounting for Income Taxes – A Timely Refresher and Update

Event Details

Accounting for Income Taxes – A Timely Refresher and Update

Time: May 1, 2018 from 1pm to 2:30pm
Location: 26468 E Walker Dr, Aurora, Colorado 80016
Street: Training Doyens 26468 E Walker Dr,Aurora, Colorado
City/Town: Aurora
Website or Map:
Phone: 17209961616
Event Type: online
Organized By: Training Doyens
Latest Activity: Apr 10

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Event Description


  • The balance sheet approach to accounting for income taxes
  • The handling (from creation to write-off) of deferred tax assets and deferred tax liabilities
  • Need for a valuation account in certain circumstances
  • Specific examples of differences – temporary and permanent
  • Special topics such as accounting for net operating losses, multiple tax rates etc.
  • AMT


Attendees will take away valuable information such as: 

  • Knowledge of the balance sheet approach for accounting for income taxes.
  • A historical accounting for why the profession changed from an income statement approach to the balance sheet approach.
  • A complete understanding of what are deferred tax assets and deferred tax liabilities.
  • A grasp of the difference between temporary differences and permanent differences. 
  • Circumstances that require use of a valuation account. 


  • Accounting for current provision
  • Accounting for deferred provision 
  • Temporary difference and how they “turn around” or reverse
  • Permanent difference and how they are ignored for deferred tax purposes
  • Net operating losses – carry backs, carry forwards
  • Tax rate considerations
  • Future rates/revisions of future rates
  • Special issues
  • Multiple temporary differences
  • Multiple tax rates
  • AMT
  • Intra-period tax allocation


  • The historical problems associated with accounting for income taxes.
  • How the balance sheet approach dramatically changed income tax accounting.
  • The fundamentals surrounding the accounting for income taxes. 
  • Future activities and their impact on deferred tax assets and/or liabilities.
  • The different handling of temporary differences and permanent differences. 
  • The creation of deferred tax balance sheet accounts.
  • Need for a valuation account when it is more likely than not that the net deferred tax asset will not be realized in full.
  • Basic provisions of SFAS 109 (ASC 740-10).


  • Tax accountants 
  • Auditors – internal 
  • Auditors – external 
  • Senior management 
  • CPAs – External 
  • Financial statement preparers
  • Financial statement reviewers
  • Controllers’ personnel
  • Directors
  • Audit committee members
  • Treasury personnel


For more detail please click on this below link:


Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

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