Advanced Accounting for Income Taxes (Virtual)

KPMG Executive Education

What are the topics?

KPMG Executive Education

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

About the course

This seminar covers complex aspects of ASC 740 (the FASB standard for accounting for income taxes) by building upon our intermediate level Accounting for Income Taxes. For example, the intermediate seminar only covers acquisitions with no tax-deductible goodwill, while this seminar covers tax-deductible goodwill, section 338 elections, contingent consideration, transaction costs, and measurement period adjustments. We go beyond describing the technical requirements; we explain the rationale and the consequences of these standards and use examples with journal entries. Complex aspects of ASC 740, including the Tax Cuts and Jobs Act, are covered.

This seminar assumes mastery of the Accounting for Income Taxes course topics. Please read the descriptions for both to determine which is best suited for you.

Agenda

  • Intraperiod tax allocations: Discontinued operations; other comprehensive income; treatment of dangling OCI items after tax rate changes; items that go directly to paid-in capital
  • Unrecognized tax benefits: Accrual of interest, UTBs that result in adjustments to NOLs, interaction with state taxes
  • Valuation allowances: Interaction with business combinations, share-based compensation, discrete items, and intraperiod tax allocation
  • Interim reporting: Out of period adjustments due to release of valuation allowance, unusual or infrequently occurring items, effect of rate changes
  • Business combinations: Acquisitions with tax-deductible goodwill, section 338 elections, contingent consideration, transaction costs, measurement period adjustments
  • Share-based payments: 162(m) issues, 83(b) elections, 409A issues, disqualifying dispositions, acquired share-based compensation
  • Outside basis differences: Indefinite reinvestment assertions, foreign branches, pass-through entities
  • Foreign currency matters: Remeasurements, translations
  • Intra-entity asset transfers: Change in basis
  • Intercorporate tax allocations: Separate-return method versus benefit-for-loss method

Experts

Dan Gode

Dan is the founder of Almaris Consulting and Training. He brings in 25 years of extensive experience in consulting and training in accounting, financial statement analysis, business drivers, modeling. valuation, and credit risk analysis. He has worked with over numerous corporations, investment b...

Advanced Accounting for Income Taxes (Virtual) at KPMG Executive Education

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.


Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.