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FASB Topic 740 Updates : Insights into Improved Income Tax Disclosures 1.5 Credits

Jan 31, 2024, 03:00 PM ET

FASB Topic 740 Updates : Insights into Improved Income Tax Disclosures 1.5 Credits

  • Rating

    4.6
  • Published on

    February, 2024
  • Subject Area

    Accounting

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Jan 31, 2024, 03:00 PM ET

Learning Objective

  • To discuss the minimum overall disclosure requirements.
  • To analyze the differences between public and non-public entities reporting requirements.
  • To explain how this Update addresses the Statement of financial position, the Income statement, and the Statement of cash flows.
  • To discuss and understand how to prepare rate reconciliations.
  • To explain unrecognized tax benefit-related disclosures.
  • To inspect the transition and open effective date information.
  • To analyze the other considerations and special tax areas.

Course Overview

Explore the FASB's Topic 740 Update in our comprehensive CPE course, unveiling critical amendments to enhance income tax disclosures' transparency and utility for investors, creditors, and capital allocators seeking a profound understanding of an entity's tax landscape and prospects.

Join our online webinar for a detailed dissection of the FASB's Topic 740 Update amendments. Gain insights into how these revisions empower investors, offering a clearer perspective on tax risks, planning strategies, and nuances impacting cash flows and future potential. Tailored for entities under Topic 740, Income Taxes, this CPE course spotlights pivotal improvements in income tax disclosures. Unravel intricacies of rate reconciliation, taxes paid, and essential adjustments demanded by investors for increased income tax transparency.

This CPE Accounting Webinar serves as a comprehensive guide for individuals in investment, credit assessment, and capital allocation decisions. Grasp an entity's exposure to potential tax legislation changes, interpret income tax implications on cash flow predictions, and identify opportunities shaping future cash flows.

Major Topics Covered:

  • Income tax disclosures.
  • Statement of financial position-related disclosures.
  • Income statement-related disclosures.
  • Statement of cash flow-related disclosures.
  • Rate reconciliation.
  • What this update means for Public business entities.
  • Unrecognized tax benefit-related disclosures.
  • Transition and open effective date information.
  • Income taxes—other considerations or special areas.

Step into our course to navigate through the FASB's Topic 740 Update, gaining insights into crucial income tax disclosures. Elevate your understanding of rate reconciliation, taxes paid, and other vital adjustments, enabling informed decisions regarding an entity's tax landscape and financial prospects.

Podcast Credits

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Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE
Michel Morley

Founder, Mike Morley

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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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1,824 ratings

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JM

Jason Mayes, CPA (US)

Good training.

VK

Vijaya Kukreja, Tax Professional

Thank you for webinar

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