Accounting for Income Taxes

This two day seminar is designed to help participants apply ASC 740 (FAS 109, FIN 48 and associated pronouncements).

The first day provides the conceptual foundation of accounting for income taxes. It explains how to reconcile differences between four sets of flows: cash flows, GAAP income, taxable income, and more likely than not taxable income.

The second day covers concepts that are intermediate level of difficulty such as valuation allowances, accounting for tax contingencies and interim tax allocations. It also covers specific topics such as business combinations, foreign operations, and compensation.

This seminar uses a combination of lecture, discussion, and examples to clarify the concepts and procedures.

Based on popular demand, we now offer two seminars: Accounting for Income Taxes (this two-day seminar) and Advanced Accounting for Income Taxes. Please make sure that you read the course descriptions for both seminars to decide which one (or both) is best suited to your needs. The Advanced Seminar assumes that are you have mastered topics in this seminar.

5/16-5/17/2017 New York
6/6-6/7/2017 Chicago
6/20-6/21/2017 Las Vegas
8/22-8/23/2017 New York
9/21-9/22/2017 Chicago
CPE Credit:
$1,895 **

Venue and Hotel Details


  • Permanent vs. taxable and deductible temporary differences and how they affect the effective tax rate
  • Difference between taxes payable (refundable), tax contingencies, and deferred tax liabilities (assets), tax disclosures
  • Taxes and other comprehensive income
  • Tax credit carryforwards and tax loss carry forwards
  • Common sources of permanent and temporary differences
  • Valuation allowance for deferred taxes
  • An introduction to tax contingencies
  • Interim period taxes for quarterly reporting
  • Deferred taxes and business combinations, share-based compensation, and foreign operations

Program Details

Prerequisite:   Knowledge of Basic Accounting
Preparation:   None
Level of Knowledge:   Intermediate
Field of Study:   Accounting
Delivery Method:   Group Live, Instructor-Led Course

Course Leader

Dan Gode, Co-founder, Almaris E-Learning Systems.

Course Testimonials

“This was the best KPMG program I have attended. The instructor clearly cared that the student learned and understood the material.” - VP Finance, Large Insurance Provider

  • Register Early and Save!*
    Reserve your seat in any session before midnight on May 1, 2017 and apply coupon code SPRG17WEBSITE at checkout to receive $100 off the purchase price.
  • Attend Any 2 Executive Education Courses Per Person and Save!*
    Apply coupon code COMBO300 at checkout to receive $300 off the combined purchase price.

    See other courses offered in the same week

  • Discounts Available for Groups of 3 or More!*
    For more information, call 201-505-6062 or email

* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.