Fundamentals of Tax Fixed Assets - Open Enrollment
This course goes through a systematic approach for processing the cycle of tax compliance using Tax Fixed Assets (TFA), as well as introduction to deferred tax functionality. There is an emphasis on controls and data/system integrity, the build up of deferred income taxes related to bonus depreciation, as well as using the overall system effectively.
Objectives:
At the end of this course, you will be able to:
- Operate and navigate TFA
- Demonstrate understanding of TFA and the systems capabilities
- Demonstrate understanding of TFA data and data organization
- Demonstrate the ability to incorporate new activity into the system
- Demonstrate understanding of deferred tax theory and concepts
- Demonstrate understanding of TFA/Deferred Tax Calculations and the systems capabilities
- Review data and verify results
Intended Audience:
New users/managers of the system who require an understanding of depreciation/deferred tax functionality and the overall use of the Tax Fixed Assets software
Additional Information:
Prerequisites: Familiarity with tax depreciation concepts and basic deferred tax concepts recommended
Advanced Preparation: None
Course Level: Basic
Delivery Method: Group Internet Based
CPE Credits = 16 credits possible (10 Tax, 6 Accounting)
Class will take place each day 10:00am-3:00pm(Eastern) with a one hour break for lunch from 12:00pm-1:00pm
In order to be awarded the full credits, participants must be present the entire training session and respond to 48 polling questions ( or 3 polling questions per hour) asked during this program. Credits will be rounded down to the nearest half credit.
We are unable to grant CPE credit in cases where technical difficulties preclude eligibility. CPE Program Sponsorship guidelines prohibit us from issuing credit to those not verified by the technology to have satisfied the minimum requirements listed above.
For information regarding refund, complaint, and/or program cancellation policies please visit our website
https://powerplan.com/support/powerplan-university/training-policy-1
PowerPlan 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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org. PowerPlan’s NASBA Sponsor Number is 105404