Total Credits: 8 including 4 Accounting - Technical, 4 Taxes - Technical
In this full-day online webinar, tax expert Shamen Dugger, J.D., CPA, will help you build a solid ASC 740/FAS 109 foundation. She will guide you step by step through the process while explaining key ASC 740/FAS 109 concepts, such as permanent/temporary book vs. tax differences, deferred tax accounting, and valuation allowances. In addition to a review of basic ASC 740/FAS 109 concepts, completion of practice examples using the concepts, and direct application of the concepts through core tax provision schedule reviews, additional time will be allocated specifically to hands-on preparation of the core basic tax provision schedules. Ms. Dugger will use examples throughout the seminar to emphasize such ASC 740/FAS 109 concepts and their basic mechanics.
Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
*Enhance transferable skills through a practical understanding of ASC 740/FAS 109
*Simplify complex ASC 740/FAS 109 concepts via a step by step process
*Apply ASC 740/FAS 109 concepts, step by step, in preparing basic tax provision schedules
*Leverage a tax provision template for use in basic tax provision preparation
*The scope of ASC 740/FAS 109
*The basic tax provision calculation, including current and deferred tax expense/(benefit)
*Permanent and temporary book vs. tax differences
*Deferred tax assets, deferred tax liabilities, and valuation allowance
*Mechanics of the basic tax provision, including deferred tax accounting
*Additional impacts to the basic tax provision calculation, including reserves (ASC 740-10/FIN 48), provision to return true-ups, tax attributes
*Schedules included in a basic tax provision, including the taxable income schedule, deferred inventory, current/deferred tax expense, rate reconciliation, tax account rollforward, income tax footnote/financial statement impacts, state tax calculations/apportionment, tax attribute carryforward schedule, FIN 48/ASC 740-10 rollforward, federal/state research credit calculations, IRC Sections 382/383 tax attribute limitations, and SOX 404 internal controls
Basic Tax Provision Template (0.09 MB) | Available after Purchase |
ASC 740:FAS 109 Handout (5.84 MB) | Available after Purchase |
ASC_740/FAS_109_Step_by_Step_Instruction_Course Outline (0.02 MB) | Available after Purchase |
IRS CE Credit Request (0.14 MB) | Available after Purchase |
ASC_740/FAS_109_Step_by_Step_Instruction _Slides- 141 pages (5.76 MB) | 141 Pages | Available after Purchase |
ASC_740/FAS_109_Step_by_Step_Instruction_Q&A (0.01 MB) | Available after Purchase |
Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase |
IRS CE Credit Request Form (0.15 MB) | Available after Purchase |
Shamen Dugger, Esq., CPA is President of her Silicon Valley based consulting firm, Shamen Dugger, LLC, where she assists both industry and public accounting clients with a variety of corporate income tax projects, including ASC 740/FAS 109 tax provision work, ASC 740-10/FIN 48 rollforwards, and other large-scale projects (e.g., research credit studies). Shamen has over 17 years of experience in corporate tax and accounting, primarily with “Big 4” accounting firms, and is a published author in various renowned periodicals, including Journal of Accountancy. Shamen also is a speaker on corporate tax and accounting topics, most recently for CCH Wolters Kluwer on “Introduction to ASC 740/FAS 109: Three Steps to Easier Tax Provision Preparation.”
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Business Professionals' Network, Inc. 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
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Online Registration
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