This course will examine more advanced accounting topics and how ASC 740 relates to them. It is intended for someone who has experience working with a company's tax provision.

Here's what you'll learn:

• Mergers and Acquisitions
• Uncertain Tax Positions
• International Issues including accounting for income taxes under IFRS
• Interim Reporting
• Intra Period Accounting
• Stock Transaction

Overview

• Objectives of the course and a review of the topics covered
• Overview of related accounting concepts
• Objectives of the standard
• Initial recognition requirements
• How to measure the amount recognized
• Subsequent events
• Disclosure requirements
• Overview of the standards relating to business combinations
• Comparison of the new standards versus the old standard
• Treatment of goodwill
• How a business combination effects a company's tax provision
• Permanently reinvested earnings
• Application of ASC 740 to foreign subsidiaries
• Foreign currency issues
• IAS 12 requirements
• Calculating the annual ETR
• Computing an interim tax provision
• Discrete items
• Allocation of taxes between continuing operations and others groups of income
• Allocation of losses and credits between types of income
• Rules for accounting for stock transactions
• Tax rules for stock transactions
• Effect stock transactions has on a company's tax provision