This session, from TEI’s 2024 Federal Tax Course – Level 1, provides an in-depth overview of the latest guidance on income tax disclosures, including those pursuant to recent accounting standards updates (ASUs) published by the Financial Accounting Standards Board (FASB). ASU 2023-09 aimed to improve transparency for investors by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid to be disaggregated by jurisdiction. Participants will gain an understanding of these changes and their federal, state and local, and international tax impact, as well as their effect on valuation. Finally, the session will provide a detailed overview of the specific, necessary financial statement disclosures.
Learning Outcomes
- Understand the key reporting changes required by ASU 2023-09.
- Analyze the valuation and tax impacts of the new financial statement disclosure requirements.
- Identify the necessary financial statement disclosures under ASU 2023-09 and best practices.
Who Should Attend
This session is designed for professionals with less than five years of experience in federal income tax matters and those seeking a comprehensive refresher or adding additional responsibilities to their current roles, including corporate tax accountants, financial reporting specialists, tax compliance professionals, and in-house tax teams.
Instructor
Nola Showers, Partner, Tax, Grant Thornton LLP
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is not eligible for Continuing Professional Education (CPE) credit and includes the recording from the 2024 in-person session and the corresponding PowerPoint slides.
Length of Session
The session will take approximately 2.0 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
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