Tax Fixed Assets (TFA)

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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. 

Curriculum474 min

  • Introduction
  • Functionality Overview 8 min
  • TFA Online Help and Support 7 min
  • Book Activity Ledger 7 min
  • Data Organization and Navigation
  • Cases Overview 13 min
  • Manage a Case 9 min
  • Manage the Asset Grid 12 min
  • Analyze a Tax Record 15 min
  • Manage Book Activity 7 min
  • Prepare a Case for New Activity
  • Add a Tax Year to a Case 10 min
  • Manage Book to Tax Translate 16 min
  • Manage Tax Depreciation Rule Groups 16 min
  • Manage Tax Classes 7 min
  • Manage Book Activity Ledger Integration 5 min
  • Incorporating New Activity in TFA
  • Stage Additions 13 min
  • Correct Unmapped Additions & Import Staged Additions 11 min
  • Process Staged Additions 16 min
  • Allocate Basis Differences of Additions 12 min
  • Stage Retirements 7 min
  • Import Staged Retirements, Process and Correct Retirement Mappings and Edit Processed Retirements 14 min
  • Perform a Tax Depreciation Calculation 8 min
  • Deferred Tax Concepts
  • Understanding Deferred System Concepts - Part 1 16 min
  • Understanding Deferred System Concepts - Part 2 18 min
  • Manage Book Allocation Group Mappings 8 min
  • Manage Book Allocation Groups 4 min
  • Stage and Process Salvage/COR 15 min
  • Understand Deferred System Concepts - Part 3 9 min
  • Review Deferred Tax Records 13 min
  • Analyze a Deferred Tax Record 12 min
  • Understand the Book Alloc Book 8 min
  • Manage Normalization Schema 12 min
  • Manage Deferred Tax Rates 13 min
  • Assign a Normalization Schema to a Tax Record 5 min
  • Process Deferred Taxes
  • Perform a Full Data Health Check 11 min
  • Manage Normalization Schema Health Check Results 7 min
  • Manage DIT Record Validation 7 min
  • Manage Book Depreciation Pre-Check Results 6 min
  • Manage Data Reconciliation Health Check Results 9 min
  • Perform a Full Calculation 10 min
  • View Book Depreciation Allocation Summary, Tax Depreciation and Deferred Tax Summary 11 min
  • Manage Processed Activity
  • Add a New Tax Record 11 min
  • Bulk Edit Tax Records 6 min
  • Merge Tax Records 13 min
  • Reporting
  • Navigate the Reporting Library and Work with Report Tools 11 min
  • Forecasting
  • Create a Forecasting Case 10 min
  • Add Forecast Activity 9 min
  • Add Forecast Deferred Tax Rates to a Case 8 min

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. 

Curriculum474 min

  • Introduction
  • Functionality Overview 8 min
  • TFA Online Help and Support 7 min
  • Book Activity Ledger 7 min
  • Data Organization and Navigation
  • Cases Overview 13 min
  • Manage a Case 9 min
  • Manage the Asset Grid 12 min
  • Analyze a Tax Record 15 min
  • Manage Book Activity 7 min
  • Prepare a Case for New Activity
  • Add a Tax Year to a Case 10 min
  • Manage Book to Tax Translate 16 min
  • Manage Tax Depreciation Rule Groups 16 min
  • Manage Tax Classes 7 min
  • Manage Book Activity Ledger Integration 5 min
  • Incorporating New Activity in TFA
  • Stage Additions 13 min
  • Correct Unmapped Additions & Import Staged Additions 11 min
  • Process Staged Additions 16 min
  • Allocate Basis Differences of Additions 12 min
  • Stage Retirements 7 min
  • Import Staged Retirements, Process and Correct Retirement Mappings and Edit Processed Retirements 14 min
  • Perform a Tax Depreciation Calculation 8 min
  • Deferred Tax Concepts
  • Understanding Deferred System Concepts - Part 1 16 min
  • Understanding Deferred System Concepts - Part 2 18 min
  • Manage Book Allocation Group Mappings 8 min
  • Manage Book Allocation Groups 4 min
  • Stage and Process Salvage/COR 15 min
  • Understand Deferred System Concepts - Part 3 9 min
  • Review Deferred Tax Records 13 min
  • Analyze a Deferred Tax Record 12 min
  • Understand the Book Alloc Book 8 min
  • Manage Normalization Schema 12 min
  • Manage Deferred Tax Rates 13 min
  • Assign a Normalization Schema to a Tax Record 5 min
  • Process Deferred Taxes
  • Perform a Full Data Health Check 11 min
  • Manage Normalization Schema Health Check Results 7 min
  • Manage DIT Record Validation 7 min
  • Manage Book Depreciation Pre-Check Results 6 min
  • Manage Data Reconciliation Health Check Results 9 min
  • Perform a Full Calculation 10 min
  • View Book Depreciation Allocation Summary, Tax Depreciation and Deferred Tax Summary 11 min
  • Manage Processed Activity
  • Add a New Tax Record 11 min
  • Bulk Edit Tax Records 6 min
  • Merge Tax Records 13 min
  • Reporting
  • Navigate the Reporting Library and Work with Report Tools 11 min
  • Forecasting
  • Create a Forecasting Case 10 min
  • Add Forecast Activity 9 min
  • Add Forecast Deferred Tax Rates to a Case 8 min