Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Event Detail

Event Description

Designed for bankers new to accounting for income taxes, and those seeking a refresher course on the basic accounting concepts underlying the recording of income taxes, to include determination of deferred assets, deferred liabilities, and the accrual for income tax expense (benefit).

The webinar covers the basic concepts of accounting for income taxes as required under U.S. GAAP with a focus on areas common to banks. A discussion on the concept of permanent and temporary differences impacting the accounting for income taxes will provide the participants with an understanding of the book-to-tax reconciliation process. A discussion of the common transactions and financial statement items that generate permanent and temporary differences for banks will be provided along with examples to illustrate the accounting for income tax expense (benefit) accruals, deferred tax assets, and deferred tax liabilities.

Covered Topics

  • General discussion of Generally Accepted Accounting Principles in the United States (U.S. GAAP) relative to accounting for income taxes, to include the concept of book net income (loss) vs. taxable net income (loss), also referred to as “book vs. tax.”
  • Discussion on the concept of permanent and temporary differences impacting “book vs. tax” with focus on the common areas impacting a bank’s financial statements.
  • A discussion of the common transactions and financial statement items that generate permanent or temporary differences for banking organizations.
  • Examples to illustrate the accounting for income tax expense (benefit) accruals, deferred tax assets, and deferred tax liabilities. A book-to-tax reconciliation will also be provided.

Who Should Attend?

This webinar is designed for those who are new to accounting for bank income taxes or those who are looking for a simple way to make sense of the basic mathematical and accounting concepts surrounding appropriate accounting for income taxes.

Instructions

Live Plus Five - $265
Register for the live event and get five days access to the OnDemand Playback. You'll have opportunity to ask questions during the presentation and be free to review the content for the next five business days. Registration also includes links to presenter materials, handouts, and pdfs.

OnDemand Recording Only - $295
Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.

CD-ROM and Hardcopy Handouts - $345

CD-ROM plus Hardcopy Handouts. Does not include live session.

Live Plus Six - $365
Attend live; includes six months access to OnDemand playback. Combine the advantages of live attendance with an unlimited number of replays for the next six months.

Premier Package - $395
Includes all three options above. Live session, OnDemand Weblink, and CD-ROM plus Hardcopy Handouts.

Additional Locations
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.

Webinar (08/26/20 1:30PM - 3:30PM)


Online Registration

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Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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