ASC 740 Insights

What is ASC 740?

ASC 740 refers to Accounting Standards Codification (ASC) 740, which is the Financial Accounting Standards Board's (FASB) standard on accounting for income taxes. It requires companies to recognize the current and deferred tax consequences of all transactions recognized in a company's financial statements. It is commonly used by accountants and financial professionals to accurately report income taxes in financial statements, ensuring compliance with US Generally Accepted Accounting Principles (GAAP).

Find organizations using ASC 740 on Sumble →

What other technologies are related to ASC 740?

ASC 740 Competitor Technologies

OneSource Tax Provision

OneSource Tax Provision is a direct competitor, offering similar tax provision automation capabilities.

mentioned alongside ASC 740 in 10% (148) of relevant job posts

Corptax

Corptax is a competitor, providing corporate tax software that overlaps with the functionalities of ASC 740 solutions.

mentioned alongside ASC 740 in 3% (115) of relevant job posts

OneSource

OneSource is a suite of tax technologies, including provision tools, that compete in the ASC 740 automation space.

mentioned alongside ASC 740 in 1% (75) of relevant job posts

ASC 740 Complementary Technologies

Alteryx

Alteryx can be complementary, particularly for data extraction, transformation, and loading (ETL) processes that feed into ASC 740 calculations.

mentioned alongside ASC 740 in 0% (116) of relevant job posts

SAP

SAP is a broad ERP system. Its financial modules provide data that is used by ASC 740 solutions, making it complementary.

mentioned alongside ASC 740 in 0% (92) of relevant job posts

Microsoft Excel

Microsoft Excel is used in conjunction with other tax provision tools for manual calculations, data manipulation, and reporting, making it complementary.

mentioned alongside ASC 740 in 0% (290) of relevant job posts