Tax Series Provision Training
We are pleased to announce the 2009 provision software training classes. Because there have been significant developments in the following areas, I strongly recommend this course.
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Deferred Tax Scheduling
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Multiple Taxing Jurisdictions
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Footnote and Rate Reconciliation Report Improvements
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Additional Integration between Provision and Compliance
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Other Provision Enhancements
We will be conducting training in a Web-based format on the following dates:
Learning Objectives:After completing the program, participants will be able
to setup Tax Series, import, modify workpapers, schedule deferred taxes,
document uncertain tax positions, understand provision reports, and much more.
Program description:
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An overview of the Tax Series suite of applications that will provide users with knowledge on efficiencies gained by taking advantage of the Tax Series single database concept.
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Instructions on setting up a general Tax Series implementation, as well as specific directions related to setting up eTaxProvision and eStateTaxProvision.
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Directions related to using the extensive import functionality provided within Tax Series for both setup and ongoing provision processes.
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Instructions on entering book-tax adjustments, as well as FAS 109 attribute activity.
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Directions related to using Tax Series workpapers to review trial balance and adjustment data entered into the system.
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A detailed walk-through of a comprehensive set of provision reports, which will ultimately be the source of all SEC reporting and disclosure requirements.
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Suggestions/Hints on how to use the Tax Series provision reports to make decisions critical to the effective tax rate as well as the ending deferred tax assets and liabilities, such as valuation allowance considerations.
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Directions related to the new deferred tax scheduling feature, which will allow users to schedule out temporary differences and other gross attributes for up to 10 years in the future.
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Instructions on rollover procedures and administrative procedures required to maintain the eTaxProvision and eStateTaxProvision systems throughout the quarterly and annual provision processes.
Prerequisites: Tax Series clients with a basic understanding of the FAS 109 technical requirements for provision reporting
Program Level: Intermediate
Advance Preparation: None required
CPE Credits: Up to 16 hours
Fee: No fee to Tax Series users who choose to attend these courses.
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.
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Day 1
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8:30a - 9:30a
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Tax Series Provision Process Overview and Provision Process Checklist
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9:30a - 10:30a
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Tax Series Setup – Entities, Entity Groups, Charts, Tax Rates
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10:30a - 11:45a
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Break
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10:45a - 11:30a
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Adjustment and Attribute Functionality – Definition, Automatic Adjustments,
Adjustment Entry, Footnote Categories
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11:30a - 12:00n
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Import Functionality
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12:00n - 1:00p
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Lunch
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1:00p - 1:30p
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System Reports
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1:30p - 2:30p
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Tax Series Workpapers
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2:30p - 2:45p
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Break
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2:45p - 4:30p
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Tax Series Provision Reporting (Including Report Options and balance type
supporting reports)
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4:30p - 5:30p
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Documenting Uncertain Tax Positions
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Day 2
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8:30a - 10:00a
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Administrator’s Guide including User-Defined balance types and workpaper columns
and Balance Transfer
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10:00a - 10:30a
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eStateTaxProvision Process Overview
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10:30a - 10:45a
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Break
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10:45a - 11:15a
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eState Setup – Entity Classification, State Tax Filings, Calculation Elections
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11:15a - 11:30
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System Reports
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11:30n - 12:00p
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State Apportionment, Modification and Attribute Setup, Import, Input,
and Workpaper Review
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1:00p - 1:30p
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State Apportionment, Modification and Attribute Setup, Import, Input,
and Workpaper Review Continued
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1:30p - 1:45p
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Apportionment Reports
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1:45p - 3:00p
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State Tax Provision Reporting and Integration with eTaxProvision Global Reporting
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3:00p - 3:15p
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Break
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3:15p - 3:45p
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Current Liability Rollforward
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3:45p -5:00p
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Deferred Tax Scheduling – eTax and eState
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5:00p -5:30p
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Questions
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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