Income Taxes: Uncertainty in Income Taxes
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Description
Is tax law black and white? No, definitely not! There’s a lot of gray area in tax law causing companies to take positions that may, or may not, be sustained if reviewed by taxing authorities. This uncertainty in income taxes has an impact on the financial statements, as well as the tax return. ASC 740 Income Taxes provides guidance on how to account for this uncertainty in the financial statements. Now that you have a good understanding of accounting for income taxes in accordance with ASC 740, it’s time to take your tax knowledge to the next level! In this CPE-eligible, eLearning course (1.5 CPE) we explore the identification of, and accounting for, uncertainty in income taxes using the guidance in ASC 740.
This the third course in our three-part accounting for income taxes training series.
This course is included in the following collections:
Learning Objectives
- Identify uncertainty in income tax positions
- Recall the recognition and measurement guidance for recording a liability on uncertain tax positions
- Recall the disclosure requirements for uncertain tax positions
Additional Information
| Last Updated | 03/01/2025 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Prerequisites | General knowledge of accounting for income taxes in accordance with ASC 740 or completion of our eLearning course, Income Taxes: Overview of ASC 740 |
| 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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