February 4, 2026

Webinar

2 CPE

Webinar (CPA Crossings): Income Tax Analysis: Exploring In-Depth Concepts🗓️

February 4, 2026
Webinar
2 CPE

Webinar (CPA Crossings): Income Tax Analysis: Exploring In-Depth Concepts🗓️

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    Instructor

    Eric
    Knight

    View Bio

    Eric Knight, CPA, DBA

    Bio

    Dr. Knight, earned Bachelor's and Master's degrees in Accounting, launched his career in Public Accounting. He transitioned into academia, earning a Doctor of Business Administration in 2015. He teaches, conducts seminars, and runs a website.

  • Financial statements prepared for stockholders and external users follow Generally Accepted Accounting Principles (GAAP), while tax returns adhere to the Internal Revenue Code (IRC). These frameworks differ in recognizing profitability, influencing reported income significantly. Companies often aim to minimize taxable income within legal bounds, while maintaining compliance with both financial reporting and tax regulations.
  • Timing Differences: Variations in income recognition and deductible expenses between GAAP and IRC create timing differences, impacting reported profitability and tax liabilities.
  • Deferred Tax Assets: Companies accrue deferred tax assets from overpaid taxes or carried-forward credits, which can offset future taxable income, reducing tax liabilities.
  • Deferred Tax Liabilities: When taxable income is less than reported income, deferred tax liabilities arise, necessitating future tax payments when temporary differences reverse. Join us to delve into these concepts, exploring how financial reporting choices and tax strategies shape a company's financial performance and compliance obligations. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation, you will be able to...

  • Recognize variations in income recognition.
  • Recognize deductible expenses between GAAP and IRC affect reported profitability and tax liabilities.
  • Compute deferred tax assets and liabilities, learning their impact on financial statements and future tax obligations.

Major Topics

The major topics that will be covered in this course include:

  • Introduction to GAAP and IRC Frameworks
  • Key Differences Between Financial Reporting and Tax Reporting
  • Understanding Timing Differences
  • Recognition of Revenue and Expenses Under GAAP vs. IRC
  • Discussion of Deferred Tax Assets
  • Impact of Deferred Tax Liabilities
  • Permanent vs. Temporary Differences
  • Reconciliation of Book Income to Taxable Income

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Income Tax

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Accounting professionals

Provider

CPA Crossings, LLC

Register For This Event

  • COCPA Member

    $ 89 89
    Join

  • COCPA Non-Member

    $ 116 116
    Your Price

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