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ASC 740-Accounting for Income Taxes
BA020219 02/02/2019
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ASC 740-Accounting for Income Taxes - Capítulo de Bayamón


Basic Concepts of FASB ASC 740, Income Taxes, the source governing accounting for income taxes, provides a methodology to recognize income tax expense for financial reporting (GAAP accounting) by focusing on the differences between the tax bases of assets and liabilities and the carrying amounts of assets and liabilities recognized for financial reporting.  Discuss the objectives and basic principles of accounting for income taxes and the general concepts for accounting for the differences between tax accounting and financial statement accounting for income taxes.


Upon completion of this course participants should be able to:

  1. Review the asset and liability approach mandated by FASB ASC 740
  2. Review the steps involved in performing the tax calculation under FASB ASC 740
  3. Review the computation of a company’s gross deferred tax assets, gross deferred tax liabilities, and income tax expense or benefit
  4. Define the significant factors that determine the need for a valuation allowance with respect to deferred tax assets
  5. Identify the proper presentation of income taxes in the financial statements
  6. Identify the required footnote disclosures relative to income taxes
  7. Account for differences between the tax provision and the tax return
  8. Account for unrecognized tax benefits

Instructor: Orlando Torres Torregrosa, CPA, Audit Managing Director, KPMG LLP
                  Juan E. González Pérez, CPA, Tax Manager, KPMG LLP

CPE Credits: 3 (Accounting & Auditing)

Date: Saturday, February 2, 2019

Registration: 8:30 a.m. - 9:00 a.m.                       Seminar: 9:00 a.m. - 12:00 p.m.

Place: American University of PR, Recinto de Bayamón, Auditorio 1

Materials:  This course will be paperless and the materials will be distributed electronically.  Once you enroll in the course you can access and download them through "Mi Perfil", on the Colegio's website, within the 24 hours prior to the start of the course, until midnight of the course's date.  Electronic devices may be brought to the classroom to access downloaded materials.

Electronic evaluation: Once you have registered your entry to this educational activity, you can quickly and easily access and complete the evaluation through "Mi Perfil".  On our website "Home" page you will find detailed instructions for completing the form.

"Notice:  The Capítulo reserves the right to substitute instructors and suspend a course due to insufficient enrollment or other causes beyond our control.  We reserve the right to refuse admission.  Space is limited.  Registration is subject to the aveilable slots.  The tuition price for Capítulo members applies to those whose Colegio's and Capitulo's membership fees are up to membership fee is up to date at the time of registration.  The tuition price for CPA applies to those who at the time of registration do not owe debts to the Colegio."


Accounting and Auditing 3.00
Precio General
$ 60.00

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