This session, from TEI’s 2024 Federal Tax Course – Level 1, provides a comprehensive introduction to ASC 740, the financial statement reporting requirements enforced by the Financial Accounting Standards Board (FASB). Participants will explore the scope, objectives, and reporting guidelines of ASC 740. The session includes an in depth look at financial statement deliverables, provides an understanding of the differences between book and tax accounting, addresses the methods for calculating deferred and total taxes, and explains how to handle uncertain tax positions.
Learning Outcomes
- Understand the scope and objectives of ASC 740.
- Learn to read balance sheets, identify the differences between GAAP financial statements and income tax reporting, and compute and report deferred taxes and total taxes.
- Gain the skills to address uncertain tax positions.
Who Should Attend
This session is designed for professionals with less than five years of experience in federal income tax matters and those seeking a comprehensive refresher or adding additional responsibilities to their current roles, including corporate tax accountants, financial reporting specialists, tax compliance professionals, and in-house tax teams.
Instructor(s)
Denise Boyd, Principal, Tax Services, Grant Thornton LLP
Adam Samber, Director, Corporate Tax Solutions, Grant Thornton LLP
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 not eligible for Continuing Professional Education (CPE) credit and includes the recording from the 2024 in-person session and the corresponding PowerPoint slides.
Length of Session
The session will take approximately 3.5 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
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