August 19, 2022


4 Total CPE Credits


Deferred Income Taxes: A Practical Approach

Learning Objectives

  • Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740
  • We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations
  • Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations
  • Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements

Major Topics

  • Sample Schedule M calculations
  • Sample work papers for deferred tax computations
  • Comprehensive two-year example and computations
  • Review and analysis of recurring temporary differences
  • Identification of the sources to compute cumulative temporary differences??
  • Sample workpapers for analysis of tax positions

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course



Advanced Preparation


Intended Audience

CPAs, accountants and financial professionals.


California Society of CPAs

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