Mobile Edition

ASC 740/FAS 109 Step by Step Instruction - Level Basic (ACACS16)

Date:Monday, December 18, 2017
Time:11:00AM - 7:07 PM
(Registration at 10:30AM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
4.0 Technical Business
Instructor: Shamen Dugger
Course Level:Basic
Early Bird Price:$195.00 FICPA Members, $245.00 Non-Members


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


  • 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

    Major Topics:

  • 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

    Who Should Attend:
    CPA, Attorney, Enrolled Agent, and any other professional that would like to understand ASC 740/FAS 109 and tax provision preparation

    General tax and accounting knowledge

    Advanced Preparation:


    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.