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.

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 = 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