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LAW G651: Accounting for Income Taxes
Fall 2023 • Section To Be Determined

Course Description

Accounting Standards Codification (ASC) 740 is the 2009 codification of Generally Accepted Accounting Principles regarding income taxes. It covers fundamental issues such as how to measure income tax expense each period, how to report the difference between the amount shown as income tax expense on the income statement and the amount of income taxes actually paid based on taxable income, and how to evaluate and reflect tax positions that may or may not be sustained upon examination and subsequent appeal or litigation. This course introduces ASC 740 and provides students with foundational knowledge about preparing and analyzing the financial statement accrual of income taxes considering the applicable accounting standards, tax laws, and financial statement presentation principles for tax expense, deferred taxes, and footnote disclosures. In particular, students will learn about temporary differences, deferred taxes, taxable income, valuation allowance, uncertain tax positions, interim reporting, international tax, and other relevant topics.


Day/Time Location
M 6:00-7:15 PM Online Meeting
W 7:30-8:45 PM Online Meeting

Course Details

  • Bill Marx
  • Kristy Macera
Credit Hours

3 Credits



Course Type
  • Exam
Course Modality

Online Synchronous

Fulfills J.D. Requirement




Registration Info

Registration Notes

Minimum Grade of D in JUDO 0511 Corp Tax This is a Graduate Tax Program course. JD students must obtain permission to register from Kathy Mandelbaum, Interim Director of the Grad Tax Program.


You must have completed the following courses before enrolling in this course:

  • LAW 0511 (Corporate Taxation )

Book List/Materials