Practical Application of ASC 740/FAS 109: Concepts in Building a Basic Tax Provision (Completed)

Date: Friday, December 8, 2017
Instructor: Shamen Dugger
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Ms. Dugger will spend Part 2 of the course leveraging the ASC 740/FAS 109 concepts learned and practiced in Part 1 of the course to build a basic tax provision.

ASC 740/FAS 109 (Accounting for Income Taxes) is an often-challenging area to understand for non-tax provision professionals. Mitigate ASC 740/FAS 109 challenges and build a solid ASC 740/FAS 109 foundation in this 2-part online CPE seminar with tax expert Shamen Dugger, CPA, J.D.

Who Should Attend
CPAs, attorneys, EAs, return preparers, and other professionals in businesses and public practice who are impacted directly or indirectly by ASC 740/FAS 109 concepts and tax provisions

Topics Covered

  • Taxable Income Schedule
  • Deferred Inventory
  • Current/Deferred Tax Expense Calculation
  • Rate Reconciliation
  • Tax Account Rollforward/Adjusting Journal Entries
  • Income Tax Footnote/Financial Statements Impacts

Learning Objectives

  • Recognize and apply the step by step preparation of the six core tax provision schedules
  • Identify key concepts with practical application of ASC 740/FAS 109


Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Basic understanding of ASC 740/FAS 109 concepts

Advance Preparation

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