Fundamentals of PowerPlan Tax Provision - Open Enrollment

Attendees will learn how to streamline and automate the tax accounting function. The course covers utility income tax accounting theory and its application within the Provision system. The course also covers basic to advanced Provision concepts through hands-on exercises.

Topics:

• Data Organization and Navigation
• Tax Accounting Overview
• Regulated vs. Non-regulated Enterprises
• Overview of Monthly Processing & True-up to Tax Return
• Effective Rate Calculations and Rate Changes
• Reporting and Analysis of Results
• Consolidation Functionality – APB 28, Unitary Calculations
• Tax Basis Balance Sheet
• Tips & Tricks
• Integration with Other Modules – PowerTax, Tax Repairs, Charge Repository

Objectives:

At the end of this course, you will be able to:

• Articulate the steps involved in using the PowerPlan Provision module for tax accruals
• Perform updates to master data within Provision
• Demonstrate an understanding of tax accounting, including accounting for deferred taxes
• Apply the versatility of calculations available in Provision to meet business requirements
• Explain the entire annual tax accounting cycle including internal and external reporting

Intended Audience:

Tax Accountants, Managers, and Directors as well as other users of tax accounting data

Additional Information:

Prerequisites: You should have a basic understanding of accounting and income tax, including deferred tax concepts.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

CPE Credits = 20 credits possible (12 Tax, 8 Accounting)