Designed as a follow-up to Fundamentals of Accounting for Income Tax, this course provides a review of some of that course's main principles and then takes the discussion further to include a more comprehensive approach on several key points. Using both US GAAP and International Accounting Standards (including the Exposure Draft issued during 2009), this course includes a discussion of several additional deferred tax topics. 

How you will benefit

• Review of the main deferred tax accounting concepts, such as the deferred tax asset recognition principles and standards, the impact of tax rate changes etc.
• Recognise a "best-practices" approach in reporting and managing the income tax accounting process using a true-up analysis
• Appreciate the income tax considerations in the interim reporting of earnings
• Understand the deferred tax complexities arising from tax and financial basis differences, in both business combinations and acquisitions not qualifying as business combinations
• Appreciate issues associated with making a determination regarding the deferred tax issues relating to the repatriation of earnings from subsidiaries and joint ventures (APB23)

Agenda

Day 1

• Review of basic accounting for income tax issues
• Basis differences in non-business combinations
• Valuation allowance - further impact and considerations
• Income Tax Accounting - a best practices approach considering the true-up calculation

Day 2

• Interim reporting
• "Uncertain" Tax Positions (FIN48) - further impact and concerns
• Income tax reporting for business combinations (FAS141R, IFRSS3)
• Deferred tax complexities for investments in subsidiaries and joint ventures

Level: Intermediate

Tutor: Jim Hemelt

CPE/CLE Credits - Bloomberg BNA is approved to provide CPE/CLE by a number of professional bodies and is also registered with NASBA as a sponsor of continuing professional education. A one-day Bloomberg BNA International Tax Training course provides 7 hours of CPE/CLE and a two-day course provides 14 hours of CPE/CLE. Individual professional bodies have final authority on the acceptance of individual courses.

Please email traininginfo@bna.com to enquire about group bookings, in-house training or with any other questions you have.