FAS109: Accounting for Income Taxes
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
Tax Technologies, Inc. is proud to offer this class for the sixth straight year. This course continues to get positive reviews and repeat attendees each year. Register online today to reserve your spot in this special course
Locations:
TTI's Intermediate FAS 109 Training Class will begin in early 2010. for
questions please call (866) 239-4884
Prerequisite: Basic knowledge of FAS 109 technical requirements for provision reporting
Course Level: Intermediate
Advance Preparation: None
CPE Credit: Up to 15 Hours of CPE course credit available
Fee:
- 1 individual - $1,195
- 2-4 individuals - $1,075 each
- 5+ individuals - $956 each
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.
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.
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Agenda Day 1 |
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8:30
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10:30
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FAS 109 Overview
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10:30
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10:45
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Break
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10:45
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11:30
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State Income Tax Provision
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11:30
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12:15
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Net Operating Losses
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12:15
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1:15
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Lunch
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1:15
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2:00
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Business Combinations under FAS 141(R) |
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2:00
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2:45
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Valuation Allowances
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2:45
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3:00
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Break
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3:00
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5:00
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Comprehensive FAS 109 Example
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Agenda Day 2 |
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8:30
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9:30
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Stock Compensation
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9:30
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10:30
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Interim Reporting – APB 28
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10:30
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11:45
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Break
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10:45
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11:15
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IFRS Convergence
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11:15
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12:00
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Introduction to International Reporting under FAS
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12:00
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1:00
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Lunch
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1:00
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2:30
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International Implications and Examples
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2:30
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2:45
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Break
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2:45
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3:30
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APB 23 and U.S. International Implications under FAS 109
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3:30
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4:00
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Comprehensive FAS 109 Example – Foreign Entities
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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