FAS 109: Tax Accounting Basics
Program Objective:
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Provide the basic knowledge and fundamental processes
required of tax professionals to meet corporate FAS 109 reporting requirements
using a Best Practices approach
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Offer Best Practices processes for the efficient,
accurate, and transparent computation and documentation of FAS 109 reporting,
including workpapers and reports.
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Present the basic concepts of tax accounting contained in
FAS 109, as applied to federal, state, and foreign tax
provisions.
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Provide hands-on experience in using tax provision
software, including entering of debits and credits in manual and automated
book/tax adjustments, and producing required reports to support tax provision
disclosures
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Offer hands-on experience in
managing cumulative temporary
difference and deferred tax inventories.
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Give hands-on experience producing a Tax Basis Balance
Sheet.
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Provide hands-on experience in identifying and recording
Return to Accrual true-up adjustments and prior year audit adjustments
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Demonstrate the recording of purchase accounting
adjustments to the deferred tax inventory.
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Show the interdependence of data among various tax
provision reports
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Promote interactive and open
participation among instructors and
participants.
Prerequisites: None
Registration Dates:
Advance Preparation: None required
CPE Credits: Up to 15 hours
Laptop Computers:
In order to best experience this
hands-on training, bring your own laptop
Attire: Business Casual is
appropriate dress for the training course. Since it is sometimes difficult to
adjust the temperature in the classroom to everyone's liking, we suggest you
dress in "layers."
Fee:
Course fees are payable at the time of registration and include tuition;
training materials; and continental breakfast and lunch each day. Travel, hotel,
and dinner expenses are the responsibility of each participant. However, hotel
information will be provided upon registration.
Payments:
Payments may be made by check (payable to Tax
Technologies, Inc., Federal Tax ID# 22-36840-49), Visa or MasterCard. We
apologize but our instructors cannot accept payment during the scheduled class
time. Questions regarding your training class payment can be directed to Tax
Technologies, Inc. at (678) 574-2160, extension 1708
Cancellation/Refund Policy: Once registered,
refunds will not be granted. If you are unable to attend, you may choose a
substitute to attend in your place or, for a $200 change fee, you may attend a
future Tax Technologies, Inc. training course of equal value
For comments concerning this class, please contact us at:
http://www.taxtechnologies.com/contact.aspx
Each of these scheduled courses will be taught by individuals who are involved in the design and use of the provision software package on a day-to-day basis.
These instructors also have a strong FAS 109 background and can address real-life issues faced by tax departments as well as provide the most effective solutions
for these issues provided by Tax Series to help users visualize the efficiencies gained using a tax software package.
Agenda:
NOTE: Tax Technologies, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Comments regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org