This 90-minute accounting for income taxes webinar is a refresher on the balance sheet approach and the basic provisions of SFAS 109 (ASC 740-10). It explains why the profession moved away from the income statement approach and how that changed income tax accounting.
You'll follow deferred tax assets and liabilities from creation to write-off, see specific examples of temporary and permanent differences, and learn when a valuation account is needed because it is more likely than not that a net deferred tax asset won't be fully realized.
The session also covers the current and deferred provision, net operating loss carrybacks and carryforwards, tax rate considerations including future rate changes, multiple tax rates and temporary differences, AMT and intraperiod tax allocation.
Income tax accounting affects the balance sheet and earnings, and errors are hard to spot without a clear grasp of deferred taxes. This session gives you a solid understanding of deferred tax assets and liabilities, the difference between temporary and permanent differences, and the circumstances that require a valuation account.
It suits senior bank management, board directors and audit committee members, controllership staff, internal and external auditors, regulators, risk managers and financial statement preparers.
Income tax accounting affects the balance sheet and earnings, and errors are hard to spot without a clear grasp of deferred taxes. This session gives you a solid understanding of deferred tax assets and liabilities, the difference between temporary and permanent differences, and the circumstances that require a valuation account.
It suits senior bank management, board directors and audit committee members, controllership staff, internal and external auditors, regulators, risk managers and financial statement preparers.
Paul J. Sanchez
Paul J. Sanchez, CPA, CBA, CFSA, CGMA conducts a small CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University - C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a …
NEW Nacha Rule - Third-Party Sender (TPS) Roles and Respons…
Paying and Receiving Payments for Referrals: You Can Go to …
FDA Technology Modernization Action Plan (TMAP) and Impact …
Human Factors Usability Studies Following ISO 62366 and FDA…
Validation Statistics for Non-Statisticians
Construction Lending And Real Credit Administration: Evalua…
Thriving in a Hybrid Workplace: Keys to Leadership and Team…
Excel Power Skills: Master Functions, Formulas, and Macros …
Discover how Emotional Intelligence turns AI from a technic…
Batch Record Review and Product Release
Tattoos, hijabs, piercings, and pink hair: The challenges …
Handbook Overhaul 2026: Compliance, OBBB Act & Beyond
Copilot and HR: An Introduction for HR Professionals
Female to Female Hostility @Workplace: All you Need to Know
ChatGPT for HR - Build HR Policy Framework and Strategy
Excel Spreadsheets; Develop and Validate for 21 CFR Part 11…
Major cGMP Issues: FDA Concerns in 2026
The Perfect Storm Coming to Healthcare: Value Based Care Me…
Fostering a Culture of Respect: Eliminating Gossip, Rumour…
Language is Code - Intro to AI - Generative AI - ChatGPT an…
Excel + AI: The Smart User's Guide to Faster, Easier Work w…
The Importance of the first 5 seconds when presenting
Managing Difficult Employee Conversations
ChatGPT and Project Management: Leveraging AI for Project M…
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Pivot tables beginner to advanced + 20 advanced Pivot table…
Emotional Intelligence: Mastering the Emotions of Great Lea…
2026 Nacha Rules Changes (Part 1): Fraud Monitoring & Ops B…
Accounting For Non Accountants : Debit, Credits And Financi…
Medical Device Cybersecurity Following FDA’s 2026 Premarket…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
Human Error Reduction Techniques for Floor Supervisors