ASC 740: Accounting for Uncertain Tax Positions for Nonprofits

$199.00

Gain a better understanding of reporting requirements and how to identify tax positions that can create uncertainty.
With complexities that surround tax law and the potential for significant changes in tax law, nonforprofit companies can often have a difficult time in identifying when an uncertain tax position arises and then properly measuring and recognizing any tax benefit from the uncertain tax position. This topic will help those in the notforprofit realm receive an indepth understanding ASC 740 to determine the proper accounting treatment of uncertain tax positions. The information also explains first how to identify an uncertain tax position and then how to properly measure, record and disclose the uncertain tax position in a notforprofits financial statement.

Date: 2018-01-10 at 1:00 PM ET – 2:30 PM ET

Learning Objectives

* You will be able to define an uncertain tax position.

* You will be able to discuss how to appropriately measure tax benefits that need to be recognized for financial reporting purposes.

* You will be able to explain when to recognize tax benefits for financial reporting purposes.

* You will be able to identify tax positions that can create uncertainty.

Credits: AIPB ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.