Course ID: ASC740

A Practical Approach to ASC 740: Income Tax Accounting in Action

ASC 740 governs accounting for income taxes and plays a critical role in how companies recognize, measure, and disclose tax-related items in their financial statements. This course offers a practical, application-focused overview of ASC 740, including how to account for income tax provisions, deferred tax assets and liabilities, uncertain tax positions, and the impact of recent legislative changes. Attendees will also explore how ASC 740 interacts with business combinations, stock-based compensation, and international reporting frameworks. Designed for tax, accounting, and finance professionals, this session will help bridge the gap between technical requirements and real-world implementation.

Learning Objectives

By the end of this session, participants will be able to:

  • Recall the core principles of ASC 740 and its application to income tax accounting.
  • Recall the components of an income tax provision, including deferred taxes, uncertain tax positions, and valuation allowances.
  • Recognize the impact of business combinations and stock-based compensation on ASC 740 reporting.
  • Identify key legal, regulatory, and state-level factors that influence tax provision calculations.
  • Distinguish between IFRS and U.S. GAAP treatment of income taxes in a multinational context.
Major Topics

In this course, Lindsay Haskell, CPA and Director of Corporate Tax at TaxOps, breaks down the essentials of income tax accounting under ASC 740, turning complex rules into practical strategies. Perfect for finance and tax professionals, this session shows how to apply key concepts in real-world scenarios—from mergers to global operations—so you can stay one-step-ahead with confidence.

Advanced Preparations

None

Who Should Attend

Finance, accounting and tax professionals.

Fields of Study
Accounting
Prerequisites

None

Provider
Business Learning Institute
CPE Credits
4.0
Level
Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: or team@blionline.org
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