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Advanced Income Tax Accounting - Tax Staff Essentials
CPE Self-study

Advanced Income Tax Accounting - Tax Staff Essentials

This course will help the seasoned tax professional identify topical issues related to tax provisions.

$169 - $249
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study




CPE Credits



Bobby J. Carmichael


1 year

Product Number


 Business & partner 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

This course will help tax professionals understand the increasingly complex rules governing income tax accounting with active scenarios and practical exercises that guide you on how to address these rules.

Learn the specifics of applying FASB Accounting Standards Codification (ASC) 740, Income Taxes: Simplifying the Accounting for Income Taxes, as well as the impact IFRS has had on accounting for income taxes. You will also take on issues in dealing with other accounting standards in conjunction with FASB ASC 740.

This course will also discuss intra-entity transfer of assets other than inventory; classification of deferred taxes; and improvements to employee share-based payment accounting — all updated for the most recent legislation.

Who Will Benefit

  • Tax directors
  • Tax professionals

Key Topics

  • FASB ASC 740
  • Comparison of FASB ASC 740 to IAS 12, Income Taxes
  • Intra-period tax allocation
  • Business combinations
  • Stock-based compensation

Learning Outcomes

  • Apply the complex rules of FASB ASC 740 to new and challenging situations.
  • Identify the similarities and differences between U.S. GAAP and IFRS regarding deferred tax implications.
  • Apply FASB ASC 740 to state and local income tax complexities.
  • Determine the applicable tax rate for complex situations.
  • Schedule temporary differences in various complex situations.
  • Apply FASB ASC 740 to FASB ASC 805, Business Combinations, and FASB ASC 810, Consolidation, and to noncontrolling interests in consolidated financial statements.
  • Apply intra-period tax allocation with a five-step approach to more complex situations.
  • Apply FASB ASC 740 to stock-based compensation issues.
  • Compute the valuation allowance, considering items that reduce the need for an allowance.
Credit Info
CPE Credits
NASBA Field of Study
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
Tax Section Members

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Contact us
Bobby J. Carmichael
Dr. Carmichael is a certified public accountant in Florida. In addition, he has conducted continuing professional education seminars on a wide variety of taxation and financial accounting in 40 states during his career. Dr. Carmichael is a Professor Emeritus of Accounting at Texas A & M University where he taught all areas of financial accounting (principles, intermediate, and advanced), individual and advanced income taxation, cost (managerial) accounting, and microcomputer applications in accounting. He has articles that have been published on both financial accounting and taxation topics. He authored a manual for a certified public accounting examination review in taxation for many years and has also authored several continuing professional education manuals in taxation and income tax accounting. His current manuals for the AICPA are an intermediate and advanced course on accounting for income taxes.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Advanced Income Tax Accounting - Tax Staff Essentials
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