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FASB ASC 740: Accounting for Income Taxes

Price

$120.00

Duration

2 CPEs

About the Course

Material weaknesses related to FASB ASC 740 are a leading cause of financial restatements and management disclosures. Mistakes in this area can include:
Loss of investor confidence
Drop in shareholder value
Significant expense related to financial restatements, and
Distractions for the company

This accounting CPE event provides CCS's observations related to the material weaknesses that have been reported. The event covers the details for the issuer of financial statements as to the accounting standards that are in place.

ASC 740 governs accounting for income taxes and requires businesses to analyze and disclose income tax risks. This Financial Accounting Standards Board topic establishes standards of financial accounting and reporting for the effect of income taxes on a company's financial results.

This timely, two hour CPE training event is designed for the accounting staff to assist them in reviewing their accounting policies and procedures in the accounting for income taxes area. It is also targeted at the auditor who will be working on engagement planning, staff training objectives, audit quality and workpaper management concerning tax provisions.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Accounting
CPE Credits: 2, based on 50 minutes of instruction per hour

Details on Event Presentation

Being offered twice a quarter on Monday at 1:00 p.m. to 3:00 p.m. Central Time.

CPE Event Highlights

The Five-Steps for ASC 740
Why? Who?
What are the Major Updates?

Learning Objectives

The Goal: Refresh Knowledge of ASC Topic 740:
•Why Update ASC 740 – Income Taxes
•Review the “Terms”
•Scope of the Guidance

Key Issues on the Agenda

Section 1- Introduction to FASB ASC 740
Section 2 - Reviews Required
Section 3 - Documentation of Analysis
Section 4 - Potential Issues & Pitfalls
Section 5 - Common Questions and Summary

Your Instructor

John C. Blackshire, Jr.

CEO of The Accountware Group, Inc. (TAG) of Austin, TX. He has over 40 years of business management, internal control, software development and auditing experience. TAG helps companies improve their business processes, implement financial systems, and comply with the requirements of the Sarbanes-Oxley Act.

John C. Blackshire, Jr.

Contact Us

Please white list the email address johnb@cseminars.com to allow for CCS emails to reach you effectively.

Thanks for submitting!

Corporate Compliance Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour.

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National Registry of CPE Sponsors ID #108983

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Complaints may also be forwarded to the company principals, David S. Marshall (708-205-2366; davem@cseminars.com) and/ or John Blackshire (479-200-4373; johnb@cseminars.com)

 

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At CCS, we are deeply dedicated to delivering NASBA-sponsored Continuing Professional Education (CPE) training events focusing on vital subjects such as risk management, audit & assurance, internal controls, internal audit, cybersecurity, and compliance. Our educational content is meticulously crafted to be accessible through live webinars and in-person CPE events, custom-tailored to meet the CPE requirements of certifications including CIA, CPA, CISA, CFE, and other professional certifications.

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We take immense pride in our pivotal role over the past twenty years of empowering participants to expand their audit expertise and develop a deep understanding of best-practice frameworks and standards established by eminent organizations such as IIA, AICPA, COSO Framework, PCAOB Auditing Standards, NAIC Model Laws, GAO Green Book, GAO Yellow Book, NIST, ISO, CMMC, ACFE, SEC, and IAASB.

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Our comprehensive CPE training events provide invaluable insights across a diverse spectrum of topics, encompassing internal auditing, external audits, planning and execution of audits using the PCAOB Auditing Standards, formulation and implementation of effective internal audits, risk identification and evaluation, adherence to accounting and auditing standards, proficient management of business endeavors and projects, ITGCs and application controls, vigilant oversight of vendor and third-party risks, robust cybersecurity initiatives, and the reporting of audit, risk management, and internal control training courses.

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Furthermore, we offer our professional attendees the opportunity to engage with our webinar CPE events virtually, featuring live instructors, or to participate in-person at select cities or a location of their choice.

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We consider our target audience to include chief audit executives, audit partners in CPA firms, chief compliance officers, audit managers, audit supervisors, external auditors, internal auditors, internal control professionals, quality control professionals, compliance professionals, board members, and other professionals who prioritize continuous improvement and organizational sustainability.

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Our CPE events are all based on the professional standards provided by the IIA, AICPA, PCAOB Auditing Standards, SEC, ISACA, ACFE, NAIC regulations, NIST, ISO, CMMC, COSO Framework, GAO Yellow Book, GAO Green Book, U.S. GAAP, IFRS, and IAASB.

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The CCS training staff has a broad range of experience in internal auditing, Big 4 auditing, software development and implementation, Big 4 consulting, governmental accounting and auditing, regulatory compliance and professional training.

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Our flexibility in delivering content allows us to cater to the diverse needs of our professional audit function, internal control professional and information technology participants, ensuring a truly enriching learning experience for all.

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Explore our CPE event offerings and sign up for your first CPE training event today!

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