Designed for bankers seeking an understanding of accounting for Federal Income Taxes as required under U.S. GAAP, this series will provide participants with an overview of requirements under Accounting Standards Codification (ASC) No 740, Income Taxes, and the practical application to a bank’s financial statements. Exercises and exhibits illustrating common bank current and deferred tax accounting journal entries and period-end balances will be provided.
Specific discussions and accounting examples for transactions and activities will be covered as described below.
