Build Your Tax Team’s Confidence and Capability — On the Job
Accounting for income taxes under US GAAP (ASC 740) and other standards for domestic and multinational companies remains high on the risk profile for material misstatements and errors in financial reporting. This is especially true for companies within certain regulated industries including utilities, insurance, and others. Intermediate Corporate Tax Provision – ASC 740’s practical, instructor-led online curriculum builds upon the foundational concepts covered in the Corporate Tax Provision Fundamentals program to help tax and finance department professionals expand their understanding of tax accounting components and reporting considerations, and calibrate the professional judgment needed to address the often complex income tax provision process with a mix of example computations and shared experiences.
What makes this training unique is the paced nature of the program (classes held every other week), live office hours with instructors on alternating weeks, and special guest lecturers who are expert practitioners that impart real-world scenarios and time-tested wisdom into the material. Online and instructor-led, access to program content is flexible and available through multiple devices, allowing working tax professionals to easily manage schedules and learn remotely. Our learning platform allows participants to connect and collaborate with peers and interact with instructors through Q&As and office hours. Step by step, the entire income tax compliance process is finally demystified.
Program Topics
-
This class introduces best practices with respect to establishing tax accounting processes including coordination with accounting and reporting functions, the documentation and review of risk factors and tax positions, the use of checklists and other tools to evidence review, and the importance of developing and mentoring junior team members.
-
This class covers the mechanics of computing the state income tax provision, including consideration of state rate and apportionment methodology changes and timing for capturing legislative changes in the provision. The class will feature various examples to illustrate concepts.
-
This class covers the mechanics of computing the international income tax provision, including consideration of STAT to GAAP adjustments, the choice between foreign tax credit or deduction positions, inbound versus outbound considerations, and permanent establishment. The class will feature various examples to illustrate concepts.
-
This class covers the tax accounting for share based compensation award, including deferred tax impact, consideration of special elections, rules around executive compensation under Sec. 162(m), and issues associated with acquired share-based compensation plans.
-
This class will review the rules around the evaluation of uncertain tax positions, including consideration of the use of cumulative probability tables, the impact of permanent versus temporary UTPs, accounting for interest, and special issues associated with UTPs when in a net operating loss (NOL) position.
-
This class will cover the conceptual framework for assessing deferred tax assets for realizability and provide examples that illustrate the concepts and highlight the areas where judgment play a role and how that may impact the determination of whether a valuation allowance is needed.
-
This class will illustrate issues encountered in developing a projected annual effective tax rate, including forecasting book income, the impact of originating versus existing valuation allowance and uncertain tax positions, the carve out of discrete items, and the use of analytics to review and document changes for internal management and external reporting purposes.
-
This class will review examples for allocating total tax expense between various reporting categories, including continuing operations, discontinued operations, other comprehensive income, and additional paid-in capital.
-
This class will cover the various forms that internal documentation may take of tax accounting considerations, including the tax provision review memo, effective tax rate analytics, balance sheet movements and validation, uncertain tax positions, permanent reinvestment assertions, and transaction specific accounting considerations.
-
This class will cover presentation of tax information in the core financial statements and disclosures in the footnotes. An overview of the differences between interim and year-end disclosures for public and private entities will also be compared.
Who is this program for?
- Experienced tax department team members with ASC 740 preparation responsibilities
- Professionals with financial reporting duties seeking a deeper understanding of tax reporting
- Tax and accounting department professionals with income tax provision review and sign-off responsibilities
CPE Credit
GTM 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.
FAQs
-
Program participants will earn 1.5 CPE credit for every class they attend live. A total of 15 CPE credits are available to participants who attend the entire program live.
-
Upon successful completion of each live class attended within the program, GTM Training Institute provides a verified digital certificate of completion granting CPE credit in accordance with NASBA standards.
-
All classes will be recorded and available to registrants for viewing at their convenience. If you miss a live class, you will not be able to get CPE credit for that class. CPE credit is only issued when you participate in a live class.
-
After successful completion of the program, a digital certificate from GTM Training Institute will be emailed to you in the name you used when registering for the program.
-
Yes, discounts are available for two or more participants registering for the same session from your organization. Terms and conditions apply. For more information, speak with a GTM program ambassador.
-
Once an organization expresses interest in enrolling one or more participants, a Services Agreement will be issued. When the signed agreement is returned, an invoice will be issued. Payment arrangements can be made to split the program fees over two fiscal years spanning the duration of the enrolled program session. Submit an inquiry to discuss in more detail.
-
Yes, credit card payment is accepted. You can indicate your preference to pay by credit card in the additional comments field of the registration form.
-
For the participant who enrolls in a program of study but discontinues attendance prior to completion of the program, the refund of any fees paid will be refunded as follows:
- Attend up to 2 classes: 100% refund
- Attend no more than 4 classes: 50% refund
- Attend 5 or more classes: 0% refund
