ASC 740 Income Taxes is one of the most dreaded topics for any CPA because it can be a very confusing topic! But it doesn’t have to be! This CPE-eligible, eLearning course (1.5 CPE) walks you through the income tax provision and covers the required disclosures for U.S. GAAP financial statements. In this income tax training, we start at the beginning. After walking through the scope of ASC 740, you get acquainted with the elements of the income tax provision, including current taxes and deferred taxes. We then dive into deferred taxes, including how to identify them, how to calculate them, and how to understand their impact on the effective tax rate. This online course concludes with looking at disclosures and a review of the various disclosure requirements in ASC 740.