Available with CPE SelectOnline
# of CPE Credits
2
Description
Financial statements prepared for stockholders and external users follow Generally Accepted Accounting Principles (GAAP), while tax returns adhere to the Internal Revenue Code (IRC). These frameworks differ in recognizing profitability, influencing reported income significantly. Companies often aim to minimize taxable income within legal bounds, while maintaining compliance with both financial reporting and tax regulations.
Required Knowledge: None
Advanced Preparation: None
Who Should Attend: Accounting professionals
Objective
After attending this presentation, you will be able to...
- Recognize variations in income recognition.
- Recognize deductible expenses between GAAP and IRC affect reported profitability and tax liabilities.
- Compute deferred tax assets and liabilities, learning their impact on financial statements and future tax obligations.
Credit Types
- Taxes: 2
Event Level:Basic
Event Code:ODX12925
Event Vendor:CPA Crossings, LLC
Fields of Study:Taxes
Other fields:
- NCACPA On Demand 365
Registration Fees
| Registration | Type | Price |
|---|---|---|
| On Demand (2 hours) | Members | $100.00 |
| On Demand (2 hours) | Non Members | $225.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.