Accounting for Income Taxes (FAS 109 and IAS 12) Manager™

Take control of the planning and reporting of deferred tax assets and liabilities with Accounting for Income Taxes (FAS 109 and IAS 12) Manager.. This step-by-step guide will clarify your understanding of FASB Topic 740, Income Taxes (formerly FAS 109) and International Accounting Standard (IAS) 12. It includes the full-text of Topic 740 and (IAS) No. 12 and answers more than 150 questions about critical and complex situations.

Productivity tools include links to specific sections of Topic 740 and IAS 12, best practices, sample SEC filings and nearly 30 Multistate Smart Charts™ that help you find and compare state tax data across jurisdictions.

Save time with powerful productivity tools. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect : Updated as needed.

Accounting for Income Taxes (FAS 109 and IAS 12) Manager provides you with trustworthy information and powerful productivity tools for your work with FASB Topic 740, Income Taxes (formerly FAS 109) and IAS 12.

Comprehensive features include:

• Answers to more than 150 questions addressing critical and complex areas of Topic 740 and IAS 12 standards.
• Interactive Research Aid format with links to specific sections of Topic 740, IAS 12 and helpful practice aids, which providea comprehensive understanding of Topic 740 planning and implementation strategies.
• Best practice guidance to clarify the differences between Topic 740 and IAS 12; detailed examples based on the experience of companies that have implemented the new common standards.
• Accounting Manager Advisor, monthly newsletter.
• Full text of Topic 740 and IAS 12.
• Sample SEC filings.
• Updates provided as legislative changes occur.
• Tax Tracker News™, customized daily e-mail updates that cover federal and state news.
• IntelliConnect® functionality.
• Updates that reflect the FASB Accounting Standards Codification™.

Productivity tools include:

• Nearly 30 Multistate Smart Charts™ to quickly find state tax data and compare it with other tax jurisdictions.
• Concise presentation downloadable to Microsoft® Word or Microsoft® Excel®.
• Live research links in the download, so information from source documents can be easily verified.
• Printer-friendly version.
• Searches saved for next session.
• Highlighted changes since last login.
• Searches made by keywords, phrases or synonyms.

Multistate Smart Charts™ include:

• Apportionment rules going back more than 10 years.
• Tax rates going back more than 10 years.
• Limitation periods.
• State nexus rules.
• State voluntary disclosure programs.

Practice aids include:

• Grant Thornton, LLP: Accounting for Income Taxes Questionnaire
• Grant Thornton, LLP: Corporate Tax Accrual Review Checklist
• Grant Thornton, LLP: Comprehensive Checklist
• Grant Thornton, LLP: Sample Management Representations
• FAS 109 Compliance Checklist
• Form 1120 Schedule M-3 IRS FAQs
• External Auditor Checklist

Save time with powerful productivity tools. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Updated as needed.

Accounting for Income Taxes (FAS 109 and IAS 12) Manager includes answers to more than 150 commonly asked questions that cover the content listed below.

Topic 740

• Overview and scope of Topic 740
• Entities affected by Topic 740
• Operating principles of Topic 740
• Topic 740 rules and exceptions
• Financial statement preparation and disclosure requirements
• Impact of uncertain tax positions on Topic 740 computation of the tax basis of assets
• Taxable and deductible temporary differences
• Deferred tax expense or benefit
• Computing deferred taxes under Topic 740
• Tax planning strategies related to Topic 740
• Effects of tax planning strategies on valuation allowances
• Exempt enterprises

IAS 12

• Overview and scope of IAS 12
• Objective of IAS 12
• Tax base defined
• Financial statement presentation and disclosures
• Recognition of current tax liabilities and assets
• Recognition of deferred tax liabilities and assets
• Business combinations
• Initial recognition of an asset or liability
• Deductible temporary differences
• Unused tax losses and credits
• Reassessment
• Investments in subsidiaries and other interests

Best Practices

• Comprehensive review of differences between FAS 109 and IAS 12
• TAX CPM: Integrating the Tax Provision into Corporate Enterprise reporting
• FASB 109: Auditing Considerations of Deferred Tax Assets
• FAS 109: A Primer for Non-Accountants

Securities and Exchange Commission Sample Filings

• Sample Filings 2009 (Q1)
• Sample Filings 2008 (Annual)
• Sample Filings 2008 (Q3)
• Sample Filings 2008 (Q2)
• Sample Filings 2008 (Q1)
• Sample Filings 2007 (Annual)
• Updated quarterly and annually

Save time with powerful productivity tools. Contact us today — we’ll get you there.

Formats available / Update frequency

• IntelliConnect: Updated as needed.

CCH Support is the best in the business — we’re always here when you need us. To keep your office up and running, we offer helpful tools, as well as a variety of ways to interact with CCH Support.

CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

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