Accounting for Deferred Income Taxes

Chapter 1 1-1Theoretical Concepts of FASB ASC 740 1-1FASB ASC 740 1-3Temporary differences 1-11Sources of taxable income 1-14Determination of the valuation allowance 1-15Special deductions 1-16Accounting for uncertainty in income taxes 1-17Intraperiod tax allocation 1-18Financial statement presentation 1-19Provisions of FASB ASC 740: Summary chart 1-21Chapter 2 2-1Temporary Differences 2-1Identifying and measuring temporary differences 2-4Case studies 2-18Chapter 3 3-1FASB ASC 740: Identifying Tax Differences and Deferred Tax Worksheet 3-1Deferred tax assets 3-2Tax planning strategies to assess the need for a valuation allowance for DTAs 3-4Determination of the valuation allowance 3-8Recognition of tax benefits for carrybacks and carryforwards 3-16Computation worksheet to meet reporting and disclosure requirements of FASB ASC 740 3-24Worksheet adapted to track deferred tax accounts 3-35Case studies 3-43Chapter 4 4-1Accounting for Uncertainty in Income Taxes 4-1Case studies 4-37Appendix A Chapter 4, A-1Chapter 5 5-1Reporting and Disclosure Under FASB ASC 740: Theory and Examples 5-1Separately issued financial statements 5-6Components of income tax expense 5-8Financial statement presentation 5-11Disclosure requirements 5-13Required disclosures for uncertain tax positions 5-15Chapter 6 6-1FASB ASC 740-20: Intraperiod Tax Allocation 6-1Intraperiod tax allocation under FASB ASC 740--General considerations 6-5Steps to allocate total tax expense 6-8Summary 6-15Case studies 6-16Glossary Glossary 1Index Index 1Solutions Solutions 1Chapter 1 Solutions 1Chapter 2 Solutions 3Chapter 3 Solutions 8Chapter 4 Solutions 15Chapter 5 Solutions 19Chapter 6 Solutions 2

Bobby J. Carmichael, CPA, Ed.D (St. Augustine, FL) 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.