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Income Taxes: Uncertainty in Income Taxes [Video]

Income Taxes: Uncertainty in Income Taxes

Is tax law black and white? No, definitely not! There’s a lot of gray area in tax law causing companies to take positions that may, or may not, be sustained if reviewed by taxing authorities. This uncertainty in income taxes has an impact on the financial statements, as well as the tax return. ASC 740 Income Taxes provides guidance on how to account for this uncertainty in the financial statements. Now that you have a good understanding of accounting for income taxes in accordance with ASC 740, it’s time to take your tax knowledge to the next level! In this CPE-eligible, eLearning course (1.5 CPE) we explore the identification of, and accounting for, uncertainty in income taxes using the guidance in ASC 740.

This the third course in our three-part accounting for income taxes training series.

Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/15/income-taxes-uncertainty-in-income-taxes

Learn more about GAAP Dynamics: https://www.gaapdynamics.com/

Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn

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Negotiation Skills: How to Prepare for Successful Negotiations [Video]
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Negotiation Skills: How to Prepare for Successful Negotiations [Video]

Negotiating is a valuable skill that can help you achieve your goals in various aspects of life, from business deals to personal relationships. To excel in negotiations, it's crucial to be well-prepared. This guide will walk you through the steps to prepare effectively for successful negotiations.Get free business and management guides, tools, and worksheets at: https://www.bizmove.com

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P&L Presentation Type based on your Audience (Natural Account vs. Functional) [Video]
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P&L Presentation Type based on your Audience (Natural Account vs. Functional) [Video]

Before compiling the P&L, you need to decide on the type of presentation (based on your audience): Natural Account, Functional or Hybrid. Free P&L Template shown in video: https://thefincontroller.com/p/types-of-incomestatemet-presentation Enroll in the FP&A Academy: https://controller-academy.com/courses/fpa-academy Time Stamps: 00:00 Intro 01:28 Company Profile 02:17 1. Natural Account P&L 04:26 2. Functional P&L 05:38 3. Hybrid P&L 09:08 How To Setup in NetSuite 10:29 How To Setup in QuickBooks Online ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

Entrepreneurship Mistakes from Hell | How to Start a Startup [Video]
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Resources for Accountants

Entrepreneurship Mistakes from Hell | How to Start a Startup [Video]

Embarking on the journey of entrepreneurship is akin to riding a roller coaster blindfolded—it's exhilarating, unpredictable, and fraught with potential pitfalls. While mistakes are an inevitable part of the entrepreneurial journey, some are more catastrophic than others. These "mistakes from hell" can derail even the most promising ventures, leaving entrepreneurs reeling and searching for ways to recover. Let's explore some of these missteps that have the potential to turn an entrepreneurial dream into a nightmare.