This course offers a comprehensive examination of the various underlying concepts upon which GAAP authoritative literature is built. Topics covered in depth include temporary and permanent differences, measurement of deferred tax assets and liabilities, computation of current and deferred income tax expense or benefit, balance sheet classification, income statement presentation, tax-planning strategies, and required disclosures. The course includes updates from the Tax Cuts and Jobs Act signed into law in December 2017, as well as the CARES Act of 2020.