AICPA logo
AICPA logo
  • Home
Income Tax Accounting - Tax Staff Essentials
CPE Self-study

Income Tax Accounting - Tax Staff Essentials

Learn to understand the complicated accounting model, FASB Accounting Standards Codification (ASC) 740, Income Taxes — its rules are becoming more challenging as businesses become more complex. Both public accountants and tax staff in industry will be prepared for tax provision work.

$155 - $225
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 3 online bundle.

How has tax reform affected income tax accounting?

Understand how the rules of FASB ASC 740 establish guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures — all updated for tax reform.

Practical case studies will give you a look at how to account for different deferred tax scenarios. Comparisons of the accounting for income taxes under both U.S. GAAP and IFRS are detailed.

This course provides CPE credit in the Accounting field of study.

Who Will Benefit?

  • Tax staff and senior associates
  • Controllers
  • Tax directors

Key Topics

  • Principles of FASB ASC 740
  • Income tax expense and deferred tax liabilities and assets
  • Valuation allowances
  • Proper documentation of deferred income taxes in working papers
  • Required disclosures within the financial

Learning Outcomes

  • Recall the principles of FASB ASC 740, Income Taxes.
  • Recall how to calculate income tax expense and deferred tax assets and liabilities.
  • Identify steps necessary to determine the valuation allowance.
  • Identify components of proper documentation of deferred income taxes in the working papers, as well as required disclosures within the financial statements.
Credit Info
CPE Credits
NASBA Field of Study
Basic knowledge of ASC 740
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

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

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. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For 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.

Ratings and reviews

Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Cancellation Policy
View our Cancellation policy here
Income Tax Accounting - Tax Staff Essentials
Select from the following options:
Nonmember Price
Price excluding sales tax
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content