Tax Accounting | Farhat Lectures. The # 1 CPA & Accounting Courses
Farhat Lectures. The # 1 CPA & Accounting Courses
Farhat Lectures is your go-to YouTube channel for mastering accounting concepts and excelling in professional exams. Whether you’re enrolled in an accounting course, studying for the CPA Exam, or brushing up on essential topics, you’ll find high-quality, easy-to-follow lessons designed to build your understanding and boost your confidence.. We offer full coverage of college and exam-based topics, including:. Financial Accounting (Basic, Intermediate, Advanced). Managerial Accounting & Co
Course Details
- Course Lessons19
- Course Period4h 22m
- No.Students3
- LanguageEnglish
- Prerequisite Accounting Fundamentals
- (1)
- Start Now for free
Course Lessons
- 1 | Introduction to Deferred Income Taxes 00:21:22
- 2 | Deferred Tax Liability Explained. CPA Exam 00:09:19
- 3 | Deferred Tax Asset Explained. 00:11:35
- 4 | Deferred Tax Asset/Liability. CPA Exam. Intermediate Accounting. 00:13:00
- 5 | Valuation Allowance Deferred Tax Asset 00:10:23
- 6 | Temporary Tax Differences for Deferred Tax Assets and Liabilities 00:18:49
- 7 | Permanent Tax Differences for Deferred Tax Assets and Liabilities. 00:14:20
- 8 | Net Operating Loss (NOL) Explained 00:12:43
- 9 | Deferred Tax Assets and Liabilities. Comprehensive Problem! 00:16:20
- 10 | Deferred tax liability and asset. CPA exam Practice FAR Questions. Intermediate Accounting 00:12:32
- 11 | Cares Act CPA Exam New Standard Net Operating Loss Intermediate Accounting 00:13:06
- 12 | Deferred Tax Asset and Liability. CPA Exam Simulation. Intermediate Accounting. 00:22:36
- 13 | Deferred Tax Assets CPA Exam 00:11:14
- 14 | Deferred Tax Assets & Labilities. CPA Exam. www.farhatlectures.com/courses 00:11:31
- 15 | Deferred Tax Asset & Liability: Enacted Future Tax Rate 00:07:48
- 16 | Deferred tax liability deferred tax liabilities 00:11:36
- 17 | Deferred Tax Assets Liability CPA Exam Simulation 00:12:42
- 18 | Deferred Tax Liability Explained. CPA Exam 00:08:56
- 19 | Accounting for Uncertain Tax Positions With Example CPA Exam and Intermediate Accounting 00:22:34
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30-06-2026
Chapter 19 (New): Accounting for Income Taxes Deferred Tax Assets & Liabilities Intermediate Accounting CPA Exam FAR
Welcome to Chapter 19 – New Accounting for Income Taxes. This playlist provides a clear, step-by-step explanation of deferred tax assets (DTAs), deferred tax liabilities (DTLs), temporary differences, valuation allowances, and income tax disclosures — a heavily tested topic on the CPA Exam FAR.
Accounting for income taxes connects financial reporting with tax law and is critical for understanding how companies report tax expense and future tax consequences.
Unlock the full Intermediate Accounting course on our website:
Visit FarhatLectures.com and start your free trial today:
https://lnkd.in/g4hZAp2
At FarhatLectures.com, you’ll get:
Structured lessons aligned with the CPA FAR blueprint
FAR-style multiple-choice questions and simulations
Access to the Farhat AI Assistant for deferred tax calculations
Podcast lessons covering financial reporting topics
Complete CPA, CMA, EA, and Accounting courses
Direct support from the Farhat team
The website provides structured lessons, exam practice, simulations, and AI tools — everything beyond YouTube.
What You Will Learn
Core Concepts
Book income vs. taxable income
Temporary vs. permanent differences
Future taxable amounts
Future deductible amounts
Deferred Tax Liabilities (DTLs)
Accelerated depreciation differences
Revenue recognized earlier for book than tax
Taxable temporary differences
Deferred Tax Assets (DTAs)
Warranty liabilities
Bad debt expense differences
Net operating loss (NOL) carryforwards
Deductible temporary differences
Valuation Allowance
“More likely than not” threshold
Realization of deferred tax assets
Positive vs. negative evidence
Income Tax Expense
Current tax expense
Deferred tax expense
Effective tax rate reconciliation
Accounting Standards
Income tax accounting under U.S. GAAP is issued by the Financial Accounting Standards Board (ASC 740).
Under IFRS, guidance is issued by the International Accounting Standards Board (IAS 12 – Income Taxes).
Exam-Focused Skills
Identifying temporary vs. permanent differences
Calculating deferred tax assets and liabilities
Recording journal entries for income tax expense
Applying valuation allowance rules
Solving CPA FAR simulation-style problems
Who This Playlist Is For
CPA candidates preparing for FAR
Accounting students taking Intermediate Accounting II
Professionals reviewing income tax reporting
Anyone wanting clarity on deferred tax accounting
Common Questions Answered
What is a deferred tax asset?
What is a deferred tax liability?
How do temporary differences work?
When is a valuation allowance required?
How is income tax expense calculated?
Follow this playlist step by step to master accounting for income taxes and improve your CPA FAR performance.
Subscribe for more Intermediate Accounting and CPA FAR lessons.
Start your full learning experience today:
https://lnkd.in/g4hZAp2
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