A Practical Approach to ASC 740

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Thursday, November 11, 2021 1:00:00 PM - Thursday, November 11, 2021 4:30:00 PM
(The meeting times for all courses are expressed in Mountain Time.)


This course is in the past and can no longer be purchased.


Classroom not available.

Delivery Method:

If attending in the CPE4U classroom or a Colorado hotel, the delivery method is Group Live.
If attending over the Internet (online), the delivery method is Group Internet Based.

Credit Hours:

4.0 (not for IRS credit)

Field of Study:

Accounting - Technical (Financial Statements and Reports)

Course Level:




General Description:

ASC 740, the financial accounting standard for computing and reporting income tax provisions, demands painstaking attention to detail. This course will provide an overview of the basic concepts of ASC 740 and the practical affect on financial statements and disclosures for recent changes in laws and regulations on the income tax provisions, deferred tax assets and liabilities, business combinations, and shareholder reporting.

Learning Objective:

After completing this course the participant will be able to:

  • Summarize the principles of ASC 740, types of taxes, and the business application.
  • Illustrate an income tax provision with receivables, deferred taxes and liabilities, uncertain tax position, valuation allowance, and tax expense.
  • Recognize the difference between accounting estimates and errors, and the impact of ¬≠variable tax rates on each component.
  • Describe income tax accounting for stock-based compensation.
  • Identify legal, regulatory, and situational factors that impact accounting for income taxes.
  • Explain the impact of business combinations on ASC 740.
  • Define transfer pricing as it relates to ASC 740.
  • Communicate more effectively with auditors.
  • Distinguish between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) tax accounting treatment.


Davinia Lyon, CPA, is a partner in federal tax at TaxOps Minimization, where she specializes in corporate and international tax and planning, including ASC 740, business strategy tax impact analysis, transfer pricing, foreign compliance and reporting, M&A transactions, and entity restructing. She earned a Master of Taxation Degree at the University of Denver. She previously worked at EY and then at Jacobs Engineering, where she was senior tax director of global tax accounting and transfer pricing during its $15B merger with CH2M.

Lindsay Haskell, CPA, is senior tax manager in federal tax at TaxOps Minimization, where she manages projects on federal and corporate tax compliance, ASC 740, indirect tax, and international tax. She earned an M.S. in accountancy at Bentley University. Prior to joining TaxOps she worked in tax compliance at EY and also in private industry.

Related Courses:

Seminar Name Date Location

CPE4U Colorado provides continuing professional education seminars for accountants, attorneys, enrolled agents, and tax return preparers in Denver and Grand Junction, Colorado. These classes range from two hours to two days in duration and are scheduled on weekdays from April 22, 2024, through February 7, 2025. Classes taught in our own classrooms are also broadcast live over the Internet.

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CPE4U Colorado
4380 S Syracuse St Ste 110, Denver, Colorado 80237
720-389-5900 · Fax 720-708-3246

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