{"id":13825,"date":"2024-10-01T16:30:27","date_gmt":"2024-10-01T16:30:27","guid":{"rendered":"https:\/\/taxops.com\/?p=13825"},"modified":"2024-10-31T17:15:02","modified_gmt":"2024-10-31T17:15:02","slug":"asc-740-a-practical-approach-to-asc-2024","status":"publish","type":"post","link":"https:\/\/taxops.com\/asc-740-a-practical-approach-to-asc-2024\/","title":{"rendered":"ASC 740: A Practical Approach to ASC"},"content":{"rendered":"\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-1024x576.png\" alt=\"\" class=\"wp-image-13834 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-1024x576.png\" alt=\"\" class=\"wp-image-13834 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>Join Lindsay Haskell and Dan DeLau as they provide an overview and practical implications of Accounting for Income Taxes (ASC 740) during this 4-credit class at CPE4U.&nbsp;<\/em><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">A Practical Approach to ASC 740<\/h2>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Monday, November 4, 2024<\/strong> | <strong>1:00 &#8211; 4:30 pm MT<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>4 CPE Hours<\/strong> <strong>| Accounting-Technical<\/strong><\/p>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/cpe4ucolorado.com\/Seminar\/detail\/12949\">Register<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Description<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">ASC 740, the financial accounting standard for computing and reporting income tax provisions, demands painstaking attention to detail. This course will provide an overview of the basic concepts of ASC 740 and the practical affect on financial statements and disclosures for recent changes in laws and regulations on the income tax provisions, deferred tax assets and liabilities, business combinations, and shareholder reporting.<\/p>\n\n\n\n<div style=\"height:58px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Learning Objectives<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">After completing this course the participant will be able to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Summarize the principles of ASC 740, types of taxes, and the business application.<\/li>\n\n\n\n<li>Illustrate an income tax provision with receivables, deferred taxes and liabilities, uncertain tax position, valuation allowance, and tax expense.<\/li>\n\n\n\n<li>Recognize the difference between accounting estimates and errors, and the impact of \u00advariable tax rates on each component.<\/li>\n\n\n\n<li>Describe income tax accounting for stock-based compensation.<\/li>\n\n\n\n<li>Identify legal, regulatory, and situational factors that impact accounting for income taxes.<\/li>\n\n\n\n<li>Explain the impact of business combinations on ASC 740.<\/li>\n\n\n\n<li>Define transfer pricing as it relates to ASC 740.<\/li>\n\n\n\n<li>Communicate more effectively with auditors.<\/li>\n\n\n\n<li>Distinguish between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) tax accounting treatment.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:58px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Instructors<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Lindsay Haskell,<\/strong>&nbsp;CPA, is senior tax manager in federal tax at TaxOps Minimization, where she manages projects on federal and corporate tax compliance, ASC 740, indirect tax, and international tax. She earned an M.S. in accountancy at Bentley University. Prior to joining TaxOps she worked in tax compliance at EY and also in private industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Daniel DeLau, CPA,<\/strong>&nbsp;has more than 35 years of experience in international and domestic accounting and tax transactions within a U.S. corporate environment working for international accounting firms, and as tax director of multiple public and private companies, each with extensive and complex operations throughout the United States and internationally. He was promoted to partner at Ernst &amp; Young, co-founded Amann DeLau &amp; Associates (now TaxOps), and teaches in the School of Business at Colorado Christian University. He earned a B.S. in Accounting at Indiana University and Master of Taxation at the University of Denver.<\/p>\n\n\n\n<div style=\"height:58px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Let&#8217;s Talk Tax<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">More Tax News<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/#subscribe\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe to Tax News<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Join Lindsay Haskell and Dan DeLau as they provide an overview and practical implications of Accounting for Income Taxes (ASC 740) during this 4-credit class at CPE4U.&nbsp; A Practical Approach to ASC 740 Monday, November 4, 2024 | 1:00 &#8211; 4:30 pm MT 4 CPE Hours | Accounting-Technical Description ASC 740, the financial accounting standard [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[230,225,228,226],"tags":[132,64,782,394,694,81,802,284,12,126,26,265,767,820,801,819,67,818,111,821,759,267,620],"class_list":["post-13825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asc-740","category-events","category-federal-tax","category-tax-news","tag-accounting","tag-accounting-for-income-taxes","tag-accounting-professional","tag-amazon","tag-asc-740-2","tag-audit","tag-business-activities","tag-cfo","tag-colorado","tag-cpa","tag-cpe","tag-finance-professional","tag-financial-statements","tag-gaap","tag-government-state-agency","tag-ifrs","tag-provision","tag-spac","tag-tax","tag-tax-accounting","tag-tax-advisory-services","tag-tax-professional","tag-tax-professionals"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/ASC-740-CPE4U-2024-1.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=13825"}],"version-history":[{"count":9,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13825\/revisions"}],"predecessor-version":[{"id":13836,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13825\/revisions\/13836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/13834"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=13825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=13825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=13825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}