This session provided an overview of and recent developments in ASC 740, accounting for income taxes. Particular areas that were covered include: accounting principles for recognizing: taxes payable or refundable for the current year and deferred tax liabilities and assets for future tax consequences of events that have been recognized in an entity’s financial statements or tax returns.
As a result of reviewing this webinar, you should be able to:
- Review foundational concepts and principles related to ASC 740 – Accounting for Income Taxes
- Examine recent ASC-740-related developments and interpretative guidance
