2020 Deferred Tax for PowerTax Users

2020 Deferred Tax for PowerTax Users

About this course

Newly updated for the new tax reform changes, this course is an introduction to deferred tax functionality in PowerTax. It will cover detailed steps and procedures. The focus is on regulated entities and the build-up of deferred income taxes related to bonus depreciation, tax repairs, and mixed service costs. Any company that wants assurance their deferred taxes are on a solid footing, does a full allocation of book depreciation and book activity in calculating deferred taxes, or just wants their staff to have a fundamental understanding of deferred income taxes would benefit from this course.

Topics:

  • PowerTax Deferred Tax Module Navigation and Data Organization
  • Deferred Tax – Theory and Concepts
  • Book Depreciation and Deferred Tax Turnaround
  • Book Allocation Setup
  • Deferred Tax Schema Assign Window
  • Deferred Tax Processing
  • Reporting and Verifying Results

 

Objectives:

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

  • Operate and navigate PowerTax Deferred Tax Module
  • Demonstrate understanding of deferred tax theory and concepts
  • Demonstrate understanding of PowerTax Deferred Tax Module and the systems capabilities
  • Demonstrate understanding of PowerTax Deferred Tax Module data and data organization
  • Demonstrate the ability to incorporate new activity into the system
  • Review data and verify results

Prerequisite:

Familiarity with tax depreciation and basic deferred tax concepts. This is a basic level course.

Intended Audience:

Any user who wants to understand how to use PowerTax, including the deferred tax functionality.

CPE Credits:

8 CPE credit hours possible (4 Tax, 4 Accounting)

2020 Deferred Tax for PowerTax Users

Event Date Spaces left
2020 Deferred Tax for PowerTax Users June 17, 2020, 8:30 a.m. -
June 17, 2020, 5 p.m. EDT
20

About this course

Newly updated for the new tax reform changes, this course is an introduction to deferred tax functionality in PowerTax. It will cover detailed steps and procedures. The focus is on regulated entities and the build-up of deferred income taxes related to bonus depreciation, tax repairs, and mixed service costs. Any company that wants assurance their deferred taxes are on a solid footing, does a full allocation of book depreciation and book activity in calculating deferred taxes, or just wants their staff to have a fundamental understanding of deferred income taxes would benefit from this course.

Topics:

  • PowerTax Deferred Tax Module Navigation and Data Organization
  • Deferred Tax – Theory and Concepts
  • Book Depreciation and Deferred Tax Turnaround
  • Book Allocation Setup
  • Deferred Tax Schema Assign Window
  • Deferred Tax Processing
  • Reporting and Verifying Results

 

Objectives:

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

  • Operate and navigate PowerTax Deferred Tax Module
  • Demonstrate understanding of deferred tax theory and concepts
  • Demonstrate understanding of PowerTax Deferred Tax Module and the systems capabilities
  • Demonstrate understanding of PowerTax Deferred Tax Module data and data organization
  • Demonstrate the ability to incorporate new activity into the system
  • Review data and verify results

Prerequisite:

Familiarity with tax depreciation and basic deferred tax concepts. This is a basic level course.

Intended Audience:

Any user who wants to understand how to use PowerTax, including the deferred tax functionality.

CPE Credits:

8 CPE credit hours possible (4 Tax, 4 Accounting)

Live events

2020 Deferred Tax for PowerTax Users

Event Date Spaces left
2020 Deferred Tax for PowerTax Users June 17, 2020, 8:30 a.m. -
June 17, 2020, 5 p.m. EDT
20