Income tax credits: Understanding ASU 2023-02
5/17/2023 12:00 PM Eastern
5/17/2023 1:30 PM Eastern
Event details
In March 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-02, which designed to improve the accounting and disclosures for investments in tax credit structures. This ASU expands the scope of the proportional amortization method, previously limited to low-income-housing tax credit structures, to investments in other tax credit structures. What does this mean for your organization? Our team is here to answer your questions.
In this webinar, our team of specialists will provide an overview of the new ASU. Then, they’ll do a deep dive into the accounting for investments in tax credit structures, with a focus on the proportional amortization method. Plus, you’ll have a chance to ask questions during the live Q&A session.
As a result of participating in this event, you should be able to:
- Explain the provisions of ASU 2023-02
- Define the accounting guidance applicable to investments in tax credit structures
- Describe how the different methods of accounting for income tax credit investments affect an entity’s financial statements
Presenters
Mandi Simpson, Partner, Accounting Advisory Leader
Sean Prince, Partner, National Office
Julie Collins, Partner, National Office
Kevin Powers, Partner, Washington National Tax
Additional information
For additional information, please contact Sarah Sbertoli.
Continuing professional education
Prerequisites: None
Program level: Overview
Advance preparation: None
Delivery method: Webinar (group internet based)
Field of study: Accounting
This session is recommended for 1.5 hour(s) of CPE credit.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the LIVE presentation. Crowe is unable to grant CPE credit for groups viewing the webinar or for viewing on-demand recordings of the webinar.
There is no registration fee for participating in this webinar; therefore, there is no cancellation fee.