Income Taxes: Overview of ASC 740
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Description
ASC 740 Income Taxes is one of the most dreaded topics for any CPA because it can be a very confusing topic! But it doesn’t have to be! This CPE-eligible, eLearning course (1.5 CPE) walks you through the income tax provision and covers the required disclosures for U.S. GAAP financial statements. In this income tax training, we start at the beginning. After walking through the scope of ASC 740, you get acquainted with the elements of the income tax provision, including current taxes and deferred taxes. We then dive into deferred taxes, including how to identify them, how to calculate them, and how to understand their impact on the effective tax rate. This online course concludes with looking at disclosures and a review of the various disclosure requirements in ASC 740.
This the first course in our three-part accounting for income taxes training series.
This course is included in the following collections:
Learning Objectives
- Recall the key principles of ASC 740
- Identify exceptions to deferred tax recognition
- Recognize common financial statement disclosures related to income taxes
Additional Information
| Last Updated | 08/01/2023 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
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