Tax reform will have a major impact on financial reporting, and particularly as it relates to ASC Topic 740 Income Taxes. Don’t be left behind.
DURHAM, N.C. (PRWEB) March 22, 2018
Eli Financial, a division of audio conference and corporate education leader ProEdTech, will host the live webinar “Accounting for the Impact of the Tax Cuts and Jobs Act” with public accounting expert Samuel A. Monastra on Thursday, March 29, 2018, at 1:00 pm ET. This session will provide an overview of the new accounting considerations of ASC Topic 740 Income Taxes in light of recent tax reform.
On December 22, 2017, the Tax Cuts and Jobs Act introduced significant change to the U.S. tax system. It also includes the most substantial international tax reform in decades and is a major overhaul of the Internal Revenue Code. Tax reform will have a major impact on financial reporting, and particularly as it relates to Accounting Standards Codification (ASC) Topic 740 Income Taxes. Reporting entities are required to record the impact of tax reform in the period that includes the enactment date.
Consider this session with Monastra a practice aid to preparing accruals of corporate income taxes for the company financial statements, in accordance with Generally Accepted Accounting Principles (GAAP).
The program will help CFOs, CPAs, EAs, accountants, financial reporting professionals, accountants, and accounts payable professionals to:
- Prepare income tax accruals for financial statements
- Prepare the reporting disclosures for the notes to the financial statements
- Account for significant changes in income tax rate between old vs. new tax laws
- Account for other significant changes in tax code; old vs. new tax law
- Identify temporary and permanent timing differences
- Account for taxation of foreign earnings and additional tax on international payments
- Account for deferred tax assets and liabilities
For more information and to register, visit: https://www.elifinancial.com/accounting/accounting-impact-tax-cuts-jobs-act.
Get $20 off on our webinars. Use Code PRWEB20 on checkout.
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