Accounting for Income Taxes (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $10

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Course Description
A business may issue financial statements with one profit or loss figure, while filing a tax return with a different ending result. These reporting variations are due to differences between the accounting standards and tax regulations. Accounting for Income Taxes covers the essential guidelines to be followed when dealing with temporary differences, carrybacks and carryforwards, and whether to recognize deferred tax assets and liabilities. The course also deals with the proper accounting for tax positions, which tax-related information to disclose in the financial statements, and several related matters. In short, this course is the essential reference for anyone accounting for income taxes.

Author: Steven Bragg

Course Number: AC1124

Learning Objectives

  • Recognize situations in which a firm is taking a tax position, and specify the accounting implications of doing so.
  • Identify those financial statement line items that are stated net of tax.
  • Describe the various items that can impact the applicable tax rate.
  • Specify how the tax rate is applied in interim periods.
  • Recognize the various disclosures related to income taxes.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.


AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.