Course ID: DITFIN48

Expired – Deferred Income Taxes and FIN 48

Deferred income taxes and FIN 48 are 2 GAAP areas that not only users of the financial statements have troubles understanding, but even CPAs and accountants responsible for financial statement preparation. We will try to make sense of these critical issues.


LEARNING OBJECTIVES
  • Participants will be able to understand and apply SFAS No. 109 and FIN 48 when preparing financial statements

MAJOR TOPICS

Learn the concept of deferred taxes

  • Understand the difference between temporary and permanent differences and their impact on the financial statement
  • Go into detail and describe many instances that results in deferred taxes
  • Discuss financial statement presentation of deferred income taxes
  • Discuss an overview of FIN 48 with a particular emphasis on small and medium sized entities
  • Discuss the provisions of FIN 48 including the definition of an uncertain position and when it becomes a concern to the accountant
  • Discuss the disclosure and accrual provisions of FIN 48 for C corporations
  • Understand that FIN 48 may also impact S corporations and partnerships
  • Learn the financial statement disclosure requirements of FIN 48

DESIGNED FOR
CPAs and accountants in public and industry responsible for financial statement preparation

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
4.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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