There is an abundance of complex, advanced material on tax accounting. In contrast, this introductory course explains the “how” and “why” of tax-accounting concepts and mechanics according to ASC 740 (U.S. GAAP) using clear, practical, and understandable language along with visual examples.
* Learn how to start with a trial balance, work through tax provision calculations, and develop the necessary accounting entries to close the books * Learn the importance of pretax book income in the context of tax provision calculations and how to compute it * Learn the meaning of numerous tax provision-related terms and acronyms * Understand the relationships and differences between tax accounting and tax compliance * Review the concept of income and non-income taxes and their relationship to tax accounting * Understand the main purposes of the tax provision workpaper package * Review practical strategies for computing the tax provision accurately and on time * Learn key Excel® and other workpaper conventions that can make tax provisions easier to update, follow, and review * Get an introduction to the financial statement audit process as it relates to tax provisions
* This course will teach you critical foundational concepts you can build on to learn, understand, and apply more advanced tax-accounting concepts
Who Should Attend
* Tax professionals in industry or public accounting who need to learn the basics of tax accounting (ASC 740), including how to prepare and review provisions * CFOs, Controllers, and Accounting Managers, and others with medium to advanced knowledge of financial accounting who want to have a deeper understanding of tax provisions * Audit and other Assurance professionals who want to more effectively communicate and coordinate with the client's Tax Group, as well as their internal tax specialists who help them to audit the tax provision * CEOs, presidents, board members, executives, and investors who want to better understand the tax-related figures and disclosures in a company's financial statements
A solid understanding of corporate accounting and tax principles
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.
If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected].
*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.
CPE Select Pass Policies
The CPE Select pass is available only for NCACPA members and the price is applicable for an individual user. The pass includes access to on demand and webinar programs, but excludes webcasts, “hot topic” webinars, and on demand Ethics programming. All eligible programs for the CPE Select pass will be marked in the online catalog and in promotions. Licensed CPAs who elect the student membership status must provide proof of enrollment in an advanced degree.
The CPE Select pass grants unlimited access to qualifying webinars and on demand programs on a calendar-year basis.
We anticipate a spike in webinar activity later in the calendar year, and NCACPA is not liable for third-party service outages that may occur. Please plan your CPE before 12/31 to avoid any unforeseen technology issues.
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