June 19, 2025

Webinar

2 CPE

Income Tax Analysis: Exploring In-Depth Concepts

June 19, 2025
Webinar
2 CPE

Income Tax Analysis: Exploring In-Depth Concepts

  • Instructor

    Eric
    Knight

  • 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.
  • Timing Differences: Variations in income recognition and deductible expenses between GAAP and IRC create timing differences, impacting reported profitability and tax liabilities.
  • Deferred Tax Assets: Companies accrue deferred tax assets from overpaid taxes or carried-forward credits, which can offset future taxable income, reducing tax liabilities.
  • Deferred Tax Liabilities: When taxable income is less than reported income, deferred tax liabilities arise, necessitating future tax payments when temporary differences reverse. Join us to delve into these concepts, exploring how financial reporting choices and tax strategies shape a company's financial performance and compliance obligations. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation, you will be able to...

  • Apply financial ratios to assess profitability, operational efficiency, and risk exposure.
  • Calculate key metrics, including operating leverage, margin of safety, and free cash flow yield, to evaluate financial performance.
  • Analyze cost behavior to determine its impact on break-even points and financial stability.
  • Differentiate between traditional ratios and underutilized metrics for a more comprehensive financial analysis.
  • Select appropriate financial ratios to compare company performance and support strategic decision-making.

Major Topics

The major topics that will be covered in this course include:

  • Overview of financial statement analysis
  • The impact of GAAP on financial analysis
  • Overview of the Balance Sheet
  • Overview of the Income Statement
  • The importance of the Statement of Cash Flows
  • Common Size Analysis
  • Trend Analysis
  • Profitability Ratio Analysis
  • Liquidity Ratio Analysis
  • Solvency Ratio Analysis

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation

Advanced Preparation

None

Intended Audience

Accounting professionals

Provider

CPA Crossings, LLC

Register For This Event

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  • ASCPA Non-Member

    $ 139 139
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