ASC 740: Accounting for Income Taxes Webinar

Mar 3
9:00 a.m. - 5:00 p.m.

Online

8-A&A
CPE Credits

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of U.S. GAAP for income tax accounting which is found in the FASB Accounting Standards Codification (ASC) Topic 740, “Accounting for Income Taxes.” The course provides the theoretical concepts found in ASC 740 and many hands-on examples and illustrations to help you apply the guidance in ASC 740 in practice. In the course, you will review the various accounting and reporting areas that are affected by ASC 740, including accounting for uncertainty in income taxes, business combinations, stock compensation, state and local taxes, and intraperiod tax allocation. We will also discuss the effect of recent tax law changes on accounting for income taxes, including the U.S. CARES Act. Lastly, we’ll review proposed accounting standards updates that will have an effect on income tax accounting, including proposed changes to financial reporting and disclosures for income taxes.
Highlights

Book/tax differences and identifying temporary differences
Computing corporate tax liabilities and current provisions for income taxes
Computing deferred tax assets and liabilities and deferred provisions for income taxes
Reporting and disclosure under FASB Topic 740 – Theory and Examples
Accounting for uncertainty in income taxes
Intraperiod tax allocations
Stock compensation – ASC Topic 718
Interim period tax reporting
State and local tax provisions
Accounting for acquired differences in business combinations and other purchase transactions
Effect of U.S. CARES Act and other recent tax law changes on ASC Topic 740

Registration

PICPA Member: $259
Nonmember: $359

More Information

Course No. ASIT-2021-01-WEBNR-62-01 Level: Intermediate

Prerequisites: Experience in accounting

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.