How you will benefit:

• Develop a "hands on" understanding of accounting for income tax issues, e.g. temporary differences, income tax expense, deferred tax assets and deferred tax liabilities.
• Appreciate the significance of tax rate change upon income tax expense
• Recognise the tax impact and importance of the issues involved in the recognition and realisation of deferred tax assets (Valuation Allowance)
• Understand the issues involved in the recognition of tax positions that are classified as uncertain (FIN 48)
• Appreciate the basic income tax issues involved in business combinations

Agenda

Day 1

• Overview and summary of Accounting for Income Tax issues
• Definition concerns - temporary differemnces, "income" tax
• Calculation of income tax expense
• Impact of tax rate changes
• Effective rate - calculation and significance

Day 2

• Deferred Tax Asset recognition - "Valuation Allowance" issues and impact
• "Uncertain" tax positions (FIN 48)
• Business combinations - basic issues and parameters
• Investment in subsidiaries - basic considerations

Level: Basic

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, inhouse training or with any other questions you have.