Getting Ready for SSAP 101 - Accounting for Income Taxes

Submitted by Cynthia Braman on Fri, 05/04/2012 - 11:22am

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Course Title: Getting Ready for SSAP 101- Accounting for Income Taxes

Description: This course addresses the 2012 accounting and reporting guidelines for statutory federal income taxes, with an emphasis on Statement on Statutory Accounting Principles (SSAP) 101 Income Taxes, A Replacement of SSAP No. 10R and SSAP No. 10. It provides a comprehensive understanding of the new reporting and disclosure provisions, along with illustrations of how the information will be presented in the statutory financial statements.

The information presented is designed to assist all statutory deferred income tax preparers. Illustrations provided in the webinar are from a model Property and Casualty company perspective, but the concepts emphasized will apply to all insurance company types.

Field of Study: Taxes

Topic: Statutory Deferred Income Taxes

Level: Intermediate

CPE Credit: 2.0 hours

Prerequisites: None

NASBA publication/revision date: February 2012

Learning Objectives:

Upon successful completion of Getting Ready for SSAP 101 Accounting for Income Taxes, the learner should be able to:
  • Understand the differences between SSAP No. 101 and SSAP No. 10R
  • Understand the key new guidance in SSAP No. 101
  • Calculate deferred taxes under the new admissibility test in SSAP No. 101
  • Calculate the impact of tax planning strategies
  • Understand the financial reporting and disclosure requirements in the statutory financial statements
Outline:
  • Getting started
  • Learning objectives
  • Course topics
  • Background
  • Key new guidance
    • SSAP 101 vs. SSAP 10R
    • Tax loss contingencies
    • Tax planning strategies
    • Adjusted gross DTA determination
    • Admissibility test revisions
    • Disclosure changes
  • Other reporting considerations
    • Valuation allowance
    • Changes resulting from adoption
  • Reporting and disclosure illustrations
  • Summary

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DateTimeCost
June 5, 20121:00PM$200 (first attendee)
$180 (each additional attendee)

June 21, 20121:00PM$200 (first attendee)
$180 (each additional attendee)

(Registration closes 2 hours prior to the starting time.)

Note: All times are US Eastern. What time is it now?.


System Requirements:
  • Windows 95 or Higher
  • Internet Explorer 5.0 or Higher
  • 800 x 600 or higher screen resolution
  • Macromedia Flash Player 5 or Higher
  • Acrobat Reader