Course Description: A company’s transfer pricing matters impact the single largest (and typically most risky) expense item: tax. Not only does the company’s ASC 740-10 analysis of transfer pricing uncertain tax positions (“UTPs”) cover U.S. federal positions, it also includes global and state and local positions. As a result, the treatment of transfer pricing issues under ASC 740-10 can have a significant impact on a company’s stock price, corporate credit rating, and reputation.

This recorded webinar from Bloomberg BNA provides advisors with a greater understanding of the relationship between UTPs and transfer pricing, as well as, practical guidance on dealing with uncertain tax positions.

During this webinar, the presenters will cover:

• Brief overview of transfer pricing and the relative importance of transfer pricing UTPs.
• Which stakeholders need to know about ASC 740-10 and transfer pricing, including their responsibilities.
• How to identify transfer pricing UTPs.
• Recognition of UTPs related to transfer pricing.
• Measurement analysis related to ASC 740-10.
• How audit firms are using ASC740-10 to perform tax provision reviews.
• Current trends surrounding ASC 740-10 and best practices being used by companies.

This is a recorded webinar that originally ran live on May 29, 2013. As an eLearning course, you must pass the final exam of this course to receive CPE credit.

Course Level: Intermediate

Course Prerequisites: Basic understanding of transfer pricing

Delivery Method: Self-study

Published: 06/12/2013

After completing this course, you will:

• Understand the framework for analyzing UTPs as required by ASC 740-10;
• Assess the stakeholder group, including all of the participants involved with preparing, reviewing and approving a company’s accounting treatment of UTPs related to transfer pricing under ASC 740-10;
• Review the steps taken to identify transfer pricing UTPs, including those that are generated by intercompany transactions that should exist, but do not;
• Interpret the Recognition step requirements of ASC 740-10 as they apply to the unique characteristics of transfer pricing UTPs; and
• Apply the ASC 740-10 requirements on measurement, including the development of scenarios and assignment of probabilities, to quantify the tax benefit associated with transfer pricing UTPs.

CPE

1.5

CLE

N/A