Instructor
Robert Bedwell
Instructor
Robert Bedwell (“Bob”) is a financial accounting and compliance professional with over 42 years of audit, accounting and financial reporting experience. During his tenure as an audit partner with several large regional and national public accounting firms, Bob regularly assisted clients with a full range of corporate audit and assurance services, including financial statement preparation, auditing, SEC reporting, mergers, acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data.
Bob has been a national speaker and instructor on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills.
Bob received his Bachelor of Science in Accounting and Finance from Upsala College in East Orange, New Jersey, and has also earned a Masters in Accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.
Understand the increasingly complex rules governing income tax accounting and learn how to address them through active scenarios and practical exercises. Discover specifics you can use to apply FASB ASC 740 and the impact that IFRS has had on accounting for income taxes and the impact of dealing with other accounting standards in conjunction with FASB ASC 740.
When you complete this course you will be able to: Apply the complex rules of FASB ASC 740 to new and challenging situations. Identify the similarities and differences between U.S. GAAP and IFRS with deferred tax implications. Apply FASB ASC 740 to state and local income tax complexities. Determine the applicable tax rate for complex situations. Identify how to schedule temporary differences in various complex situations. Apply FASB ASC 740 to changes in tax laws or rates, accounting methods, tax status, and interim periods. Apply FASB ASC 740 to FASB ASC 805, Business Combinations, and FASB ASC 810, and noncontrolling interests in consolidated financial statements. Apply intraperiod tax allocation with a five-step approach for more complex situations. Apply FASB ASC 740 to stock-based compensation issues. Calculate the valuation allowance considering items that reduce the need for an allowance.
FASB ASC 740, Comparison of FASB ASC 740 to IAS 12, Intra-period tax allocation. Business combinations.
Experience in financial reporting and basic knowledge of ASC 740
CPA firm auditors or tax managers, and partners and experienced accountants in industry who are involved in financial reporting for income taxes