Program Objective

• Provide the basic knowledge and fundamental processes required of tax professionals to meet corporate FAS 109 reporting requirements using a Best Practices approach.
• Offer Best Practices processes for the efficient, accurate, and transparent computation and documentation of FAS 109 reporting, including workpapers and reports.
• Present the basic concepts of tax accounting contained in FAS 109, as applied to federal, state, and foreign tax provisions.
• 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.
• Offer hands-on experience in managing cumulative temporary difference and deferred tax inventories.
• Give hands-on experience producing a Tax Basis Balance Sheet.
• Provide hands-on experience in identifying and recording Return to Accrual true-up adjustments and prior year audit adjustments.
• Demonstrate the recording of purchase accounting adjustments to the deferred tax inventory.
• Show the interdependence of data among various tax provision reports.
• Promote interactive and open participation among instructors and participants.

Registration Dates

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Date	Location	Title	Click to register
Our tax training classes are done for the year. Check back soon for next years schedule.

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No advance preparations or prerequisites are required.

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.

Payment

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

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

Day 1			Day 2
8:30AM	Registration, light breakfast		8:30AM	Registration, light breakfast
9:00AM	introduction and overview of FAS 109 Taxable differences: permanent/temporary/tax attributes Tax calculations: Current and Deferred provision		9:00AM	Date set-up overview Entity Characteristics Charts of Account Tax Rates Adjustments Groups Review Book Trial Balance
10:30AM	Break		10:00AM	Enter Adjustments Automated, permanent, temporary, attribute, true-up and other adjustments
10:45AM	Special provision topics valuation Allowance Rate Changes/True-ups/Reserves (FIN48)		10:45AM	Break
12:00PM	Lunch		11:00AM	Adjustment continued
1:00PM	Cumulative Deferred Taxes Deferred Provison Other Changes (OCI, FAS 141, CTA, Transfers) Tax Basis Balance Sheet		12:00PM	Lunch
2:30PM	Break		1:00PM	Review workpapers and supporting schedules
2:45PM	Required Reporting Footnote Disclosure Rate Reconciliation Current vs, Non-current		2:10PM	Break
4:00PM	State and Foreign Provisions		2:15PM	Review Reports Provision Calculations Current liability rollforward Deferred tax rollforward Rate reconciliation Footnote disclosure Return to Accrual
5:00PM	Conclusion of day 1		4:00PM	Conclusion of day 2