About this course
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 functionality and the overall use of the PowerTax Software.
Additional Information:
Prerequisites: Familiarity with tax depreciation concepts and basic deferred tax concepts recommended.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Live or Group Internet Based
CPE Credits = 16 credits possible (10 Tax, 6 Accounting)
