CE/CPE Course Information

Accounting for Income Taxes

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Lesson Version: 19-1
Publication/Revision Date: February 5, 2020
Prerequisites/Advanced Preparation: None
Written By: Michael Kustanovich, CPA

After completing this course, you will be able to
  • Identify the components of income tax expense or benefit
  • Account for temporary differences that result in future taxable or deductible amounts
  • Calculate the deferred tax asset on the tax benefit of an operating loss
  • Account for deferred tax assets and liabilities and present them in the financial statements
  • Identify the main required disclosures in relation to income taxes
  • Distinguish between the accounting for taxable and nontaxable business combinations
Course Topics
  1. Overview and Basic Definitions
  2. Recognition of Income Tax Expense (Benefit) for the Period
  3. Recognition and Measurement of Deferred Tax Assets and Liabilities
  4. Operating Losses
  5. Other Issues
  6. Taxable and Nontaxable Business Combinations

This self-study course consists of an Audiovisual presentation or a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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