ASC 740 Income Tax Accounting: 2016 Updates

Online Compliance Panel
Training overview
2 hours
300 USD
Next start date: Start anytime! - Online
Ladies taking compliance training

Course description

One of the most complex and risky tasks faced by corporate accountants and tax professionals nowadays is accounting for income taxes under ASC 740. The complicated and precarious process of forecasting and disclosing of deferred tax assets and liabilities that will greatly affect the company's financial statements had made the job a lot harder. Companies must ensure to identify key challenges arising in income tax accounting so as to prevent and minimize future financial misstatements and potential financial losses.


To enable both corporate and public accountants to build upon experience by gaining a thorough working knowledge of how to apply the latest tax rules to complex situations faced by organizations today. Case studies and other practical tools will give you insight into how ASC 740 (FAS 109) applies to a variety of real issues. You'll gain a clear understanding of the relationship between the completion of corporate tax returns and tax accounting.

This is a must attend event for anyone interested in understanding the significant issues relating to ASC 740 Income Tax Accounting updates.

Training Content

The speaker will present his thoughts and professional opinions on how to best comply with the disclosure requirements and help the audience avoid common risks and pitfalls. Key topics include:
  • The sources of deferred tax assets and liabilities
  • Calculating the deferred tax asset or liability
  • Reporting income tax expense and balance sheet items
  • Defining, analyzing, and reporting uncertain tax positions
  • Determining appropriate intraperiod allocations
  • Classification of deferred tax assets and liabilities
  • Disclosure requirements
  • ASC 740 - recent updates
  • Risks and legal challenges in ASC 740
  • Valuation requirements
  • Reporting current and deferred Income Tax expense
  • Up-to-the-minute regulatory developments

Costs

This webinar costs $300

About Online Compliance Panel

Online Compliance Panel

On-demand Webinars from Online Compliance Panel

The team at Online Compliance Panel works in tandem with the latest US FDA regulations/regulatory compliance in creating simple, interactive and cost effective training sessions suitable for individuals and corporations. The organization is a predominantly web based information exchange forum....


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