TEI's Federal Tax Course - Level 2: Advanced Issues in Accounting for Income Taxes (ASC 740-10)
This self-study course explores advanced topics under ASC 740, including accounting for outside basis differences, branch operations, income taxes for noncontrolling interests, and separate financial statements for subsidiaries. It also addresses recent guidance and proposed legislation.
Learning Objectives:
After completing this course, participants will be able to:
- Analyze deferred tax accounting considerations for outside basis differences related to partnerships, equity method investments, and foreign branches.
- Evaluate the income tax accounting considerations of intercompany transactions.
- Understand current updates, including those related to Pillar Two and the GloBE model rules, guidance from the FASB, and recent domestic and international legislation.
Course Overview
The content section of the course, delivers the core material of the course. Within each module you will find instructional videos, downloadable slides, and knowledge check questions.
These videos presents key concepts related to professional and regulatory standards in tax practice and is designed to build a foundational understanding of the subject matter. You will also complete a series of knowledge-check questions. These questions are ungraded and are intended to reinforce learning by allowing you to assess your understanding of the material before moving forward. Please note that these knowledge-check questions are provided only as a learning aid and do not constitute a final examination.
After completing the modules, you will proceed to the final examination. The final exam is graded and is designed to assess your comprehension of the course content. Successful completion of the final exam is required to earn CPE credit.
Final Exam
After finishing the modules, you will take the final exam. Here’s what to expect:
- The final exam consists of multiple-choice questions.
- A minimum passing score of 70% is required to complete the course successfully.
- If you’re taking this course for CPE credit under NASBA standards, passing is mandatory to receive credit.
Important Exam Details:
- Select your answer by clicking the radio button next to your choice. Confirm your response before advancing to the next question.
- You can restart the exam at any time, but doing so will reset all prior responses, requiring you to begin again.
- You are required to complete the final exam within one year from the date of purchase.
Completion & Certificate
Upon passing the final exam, you’ll be able to download your Certificate of Completion, which includes your CPE credit information. Make sure to save this for your records.
Course Publication
Publication Date: February 3, 2026
Instructor(s):
Daniel Newton, Accounting Technical Practice Leader, BDO USA
Bella Verdiyan, Principal, National Tax Office, BDO USA
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is eligible for Continuing Professional Education (CPE) credit. Upon passing the final exam, participants are eligible for 4.0 CPE Credit.
Length of Session
The session will take approximately 4.5 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
By purchasing this TEI digital product (TEI Content) you agree to TEI’s Terms & Conditions