Income Taxes: Deferred Tax and Valuation Allowance
This course is part of a collection. Learn more & save more.
Description
Understanding the accounting for income taxes under ASC 740 Income Taxes has many interesting nuances, one of which is the concept of deferred taxes! In this CPE-eligible, eLearning course (1.5 CPE), we dive into a five-step methodology that you can use when accounting for deferred taxes in accordance with ASC 740. After discussing each step, we dive into the concept of a valuation allowance, which is needed if it is more likely than not that an entity cannot utilize its deferred taxes assets. This online course concludes with a comprehensive case study so you can apply what you’ve just learned.
This the second course in our three-part accounting for income taxes training series.
This course is included in the following collections:
Learning Objectives
- Identify temporary differences and how they are presented on the balance sheet
- Recall how the enacted tax rate is applied to calculate deferred taxes
- Recognize why valuation allowances are important to a deferred tax calculation
Additional Information
| Last Updated | 03/01/2025 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Advanced |
| Prerequisites | General knowledge of accounting for income taxes in accordance with ASC 740 or completion of our eLearning course, Income Taxes: Overview of ASC 740 |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
Discover how our subscription packages can extend your learning experience without stretching your budget.
Bundle
& SAVE!
Empower your team with our bundled training packages
Our tiered packages for groups of 25 or more include over 200 hours of CPE-qualified training.