The global financial accounting environment is changing and income tax accounting is impacted in many ways. Learn how things are changing and how to ensure your company’s disclosures are in compliance with the latest guidance.This FAS 109 course goes beyond accounting theory and teaches participants efficient and effective processes for preparing a company’s income tax accounting disclosure requirements.

Some of the key FAS 109 topics covered:

• Temporary and permanent basis differences, deferred tax balances, and the impact on the tax basis balance sheet.
• Enacted tax rate changes and the re-measurement of deferred tax balances.
• State income tax provision calculations, including components of deferred state tax balances.
• Valuation allowance requirements on deferred tax assets using the guidance in FAS 109, as well as other practical considerations.
• Impact of net operating loss activity and associated valuation allowances on income tax provision and deferred tax balances.
• Key differences in accounting for business combinations under FAS 141(R).
• Permanent and temporary basis differences associated with stock compensation awards under FAS 123(R), including excess tax benefits and tax deficiencies.
• Interim reporting under APB 28, including the consolidated ETR methodology, discrete items, and the multiple jurisdiction exception.
• Status of IFRS convergence in the U.S., including a discussion of the differences between FAS 109 and IAS 12.
• International reporting under FAS 109, including APB 23, foreign tax credits, and currency translation issues under FAS 52.
• Comprehensive FAS 109 example, which provides examples of recording basis differences and tax attributes in provision reports.

Registration Dates

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Date	Location	Title	Click to register
Our tax training classes will start again early this year. Check back soon for a schedule.

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Basic knowledge of FAS 109 technical requirements for provision reporting is a requirement for this course

CPE Credits

Up to 15 Hours of CPE course credit available

Laptop Computers

In order to best experience this hands-on training, bring your own laptop

Attire

Business Casual is appropriate for the training. Temperatures in the meeting rooms may vary so remember to bring a jacket or sweater. The Harvard Club in New York requires jackets and ties for gentlemen, and clothing of equivalent formality is required for ladies in the Club's catering venues.

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.

• one individual - $1,195
• two to four individuals - $1,075 per person
• five or more individuals - $956 per person

Price includes

Continental breakfast, mid-morning refreshments, lunch, and afternoon refreshments for each day. Payments must be received prior to or on the conference date. Payments may be made by check, Visa or MasterCard. Please make all payments payable to Tax Technologies, Inc. Credit Card or cash refunds are not granted at any time. If you are unable to attend, you may choose a substitute to attend in your place or receive a credit for another Tax Technologies, Inc. training course. All cancellations within one week of the event are subject to a $200 transfer fee

For comments concerning this class, please contact us

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

Agenda Day 1			Agenda Day 2
8:30AM	FAS 109 Overview		8:30AM	Stock Compensation
10:30AM	Break		9:30AM	Interim Reporting – APB 28
10:45AM	State Income Tax Provision		10:30AM	Break
11:30AM	Net Operating Losses		10:45AM	IFRS Convergence
12:15PM	Lunch		11:15AM	Introduction to International Reporting under FAS
1:15PM	Business Combinations under FAS 141(R)		12:00PM	Lunch
2:00PM	Valuation Allowances		1:00PM	International Implications and Examples
2:45PM	Break		2:30PM	Break
3:00PM	Comprehensive FAS 109 Example		2:45PM	APB 23 and U.S. International Implications under FAS 109
			3:30PM	Comprehensive FAS 109 Example – Foreign Entities