Appendix I — Summary of Significant Changes | DART – Deloitte Accounting Research Tool

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Appendix I — Roadmap Updates for 2024

The tables below summarize the substantive changes made in the 2024 edition of this Roadmap.

New Content

Section	Title	Description
11.3.6.7	GILTI Considerations in a Business Combination	Added new section (including Example 11-25) to address the impact of an acquired GILTI obligation in acquisition accounting. Renumbered subsequent examples.
Appendix B	FASB Issues ASU on Income Tax Disclosures	Added appendix to discuss ASU 2023-09 (and to replace discussion of the proposed ASU).
Appendix F	Frequently Asked Questions About Pillar Two	Added appendix to address FAQs related to the accounting impacts of Pillar Two.

Amended or Deleted Content

Section	Title	Description
On the Radar		Updated to reflect the status of FASB projects and other developments.
3.3.4.10	Consideration of AMT Regimes	Deleted discussion of the modification of refund claims for AMT credit carryforwards under the CARES Act because the guidance is no longer relevant.
3.4.11.1.1	Classification of Transition Tax Obligation in Periods Before Inclusion in the Income Tax Return	Deleted section because it is no longer relevant.
3.4.11.2	Measurement of Transition Tax Obligation in Periods Before Inclusion in the Income Tax Return	Deleted section because it is no longer relevant.
3.5.4.1	Recognition Date for Conversion to a REIT	Updated discussion to align with current practice.
3.5.9.3	AFS Securities	Clarified guidance on the treatment of unrealized gains and losses on debt and equity securities classified as AFS.
5.7.12	Accounting Considerations for Valuation Allowances Related to IRC Section 163(j) Carryforwards	Added Example 5-32 to illustrate how available sources of taxable income are quantified under the additive approach and the integrative approach. Renumbered subsequent example.
6.2.7.3.1.2	Income Tax Accounting Considerations Related to When a Subsidiary Is Deconsolidated: Stock Sale	Added Example 6-11 to illustrate the elimination of inside DTAs and DTLs in a stock sale.
7.3.2.1	Retroactive Changes in Tax Laws	Expanded discussion of circumstances in which an entity would not recognize the tax effect of a retroactive change in law by updating the AETR.
11.3.2.4	Impairment Testing	Updated to provide additional considerations related to impairment of tax-deductible goodwill.
11.3.2.4.2	Assigning Deferred Taxes to a Reporting Unit	Updated to provide additional discussion of the allocation of valuation allowances to a reporting unit.
12.2.1	Accounting for Temporary Differences Related to ITCs	Updated to address considerations in the determination of whether a tax credit qualifies for ITC accounting.
12.4.1	Accounting for the Tax Effects of Transactions With Noncontrolling Shareholders	Clarified guidance on the intraperiod allocation of direct effects of stock transactions with noncontrolling shareholders. Also, expanded Example 12-5 to include an illustration of the with-and-without intraperiod allocation calculation.
14.1	Overview	Added Changing Lanes to summarize amendments made by ASU 2023-09.
D.1	Background	Added Changing Lanes to summarize amendments made by ASU 2023-09.

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This publication provides comprehensive guidance; however, it does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.