FMN Accounting

FMN - 2019/January, Seg.2 - Where Book Accounting Really Meets Tax Accounting

Course Overview
An enterprise’s profits and tax liability are presented to shareholders on their financial statements in a totally different way than they are reported to taxing authorities on annual returns. While the differences between book and tax accounting are no doubt confusing, Joe Howell, the co-founder of Workiva, observes that most corporate financial managers do not really understand what their tax colleagues actually do or appreciate the extent to which tax-related tasks are affected by corporate finance.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify why tax accountants focus on legal and taxable entities;
  • Explain why the costs of an audit are far greater than any savings;
  • Distinguish between the purposes of tax audits and financial audits; and
  • Define what is meant by "tax planning."

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

FMN Online
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : FMN1285-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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