U.S. GAAP: Income Taxes, Interest, Compensation, and Other Income and Expense

Financial accounting & reporting

Course

U.S. GAAP: Income Taxes, Interest, Compensation, and Other Income and Expense

Instructor: Kelen Camehl, CPA, MBA

  • Format

    Course - Online

  • Duration

    1.5 hours

This course provides an overview of the objectives and general principles of accounting for income taxes, including temporary differences and deferred tax assets. It also discusses the purpose and requirements of interest capitalisation.

Learning outcomes

  • Recognise general principles related to accounting for income taxes.
  • Identify types of temporary differences.
  • Identify requirements for interest capitalisation. Recognise principles related to types of compensation including stock-based compensation.
  • Identify topics included and general principles of other income and expense.

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

This course provides an overview of the general principles of accounting for income taxes, including objectives of FASB ASC 740. It explores reasons for temporary differences between requirements for U.S. GAAP and tax regulations and discusses deferred tax assets and liabilities. This course also discusses interest capitalisation, including the purpose, requirements, and an illustration of journal entry.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Accounting for income taxes
  • FASB ASC 740
  • Deferred tax assets
  • Liabilities
  • Interest capitalisation

Who should take this course?

  • Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • Kelen Camehl, CPA, MBA