Corptax Certified Professional:Provision Program Details

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Revision 2/11/2020

ContentsProvision 4Program Description 5Available Training 6About the Exam 7Program Registration 8

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ProvisionLet us help you go beyond compliance with our CSC Corptax® Provision Certification. Federal and State Compliance is just a piece ofthe overall tax life cycle. With Corptax Provision products, you can cover the year-round analysis necessary for companies today.

The Corptax Certified Professional: Provision Program is designed to certify your Corptax knowledge and skills with respect to ourProvision products. As the product usage varies by licensees, our certification programs are designed to cover core product usagealong with Corptax-recommended best practices.

Areas covered in this certification program include:l Brief overview of full Corptax product linel Completing the tax life cycle using Corptaxl Overview of data collection methodsl Setting up and using Corptax Provision products

l Corptax Provisionl Corptax State Provisionl Corptax Tax Contingency

l Other topics including interim reporting and rolloverl Provision-related tips and troubleshooting

Note: Certifications use the newest generation of Corptax products.

What’s in it for me?l Stand out from the crowd with certified Corptax skills for personal and professional growth.l Join an exclusive community of Corptax Certified Professionals.l Be recognized for your accomplishments by being acknowledged as a Corptax Certified Professional on corptax.com and gain

approval to use the Corptax Certified logo on your business cards and email signatures.l Earn continuing professional education (CPE) credits for classroom and online training sessions completed as part of the

certification.

What do I have to do to be certified?l Successfully complete a knowledge exam to certify minimum skill sets in respective certification topics to ensure efficient and

quality product usage.l Successfully complete a case study to certify practical application of the process.

How do I maintain my certification?We strongly encourage all certified professionals to attend product training to maintain and continually improve their Corptax skillset. However, the only requirements to maintain your certification are completing the annual certification renewal form and payingthe annual renewal fee.

Provision

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Program DescriptionThe Corptax Certified Professional: Provision Program is intended for an individual who has about two years of compliance andproduct experience, including practical application of the skills and concepts noted in the exam outline below. The candidate is notrequired to complete training before the exam; however, Corptax offers several training resources, and we recommend that thecandidate also study the materials from available courses. See page 6 for available training. You can find a list of all training offeredfor the year in the Education Schedule.

The candidate should be able to perform the tasks outlined in the exam objectives successfully. These include (but are not limitedto) the tasks listed below.

The candidate should be able to:l Describe the Corptax process and information flowl Navigate the user interface, including:

l Set views/themesl Use grid functionality (defaults, panels, and filtering)l Access online support and Corptax Help

l Define the provision processl Identify and employ each of the Provision Workflow components:

l Profilesl Set up workpapersl Set up workflows

l Book and adjustmentl Use workpapersl Import amountsl Use automated adjustmentsl Understand impact of foreign and U.S. activityl Understand tax attributesl Understand implications of tax contingency

l Reporting in functional currency and U.S. dollarl Understand batch processingl Create and apply rollupsl Process variance reports

l Demonstrate ability to complete the tax contingency reporting processl Set up and review profilesl Complete workflowl Complete the various tax contingency workpapersl Review and print reportsl Import and export amounts

l Describe and perform the state provision processl Set up and review profilesl Set up worksheetsl Enter data for:

l Apportionmentl Current period adjustmentsl Tax attributes

l Set up and review separate and combined returnsl Process batches and reports

l Define and complete the provision rollover processl Annuall Period-to-period

l Identify and perform the interim reporting processl Identify and apply common troubleshooting tools

Program Description

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Available TrainingCertification training is not required, but we do offer a week-long certification preparation program that you can attend to make sureyour knowledge and skills are up to date and that you are prepared to take the certification exam:

C-800 Certification Prep: Corptax Certified Professional: Provision

Certification Preparation Training is scheduled at our training centers or a mutually agreeable location with the participant andCorptax. If held at an alternate location, out-of-pocket costs, such as instructor travel and shipping expenses (materials and learninglaptops, if used), will be billed in addition to the certification fees.

In addition to the certification preparation training, we also offer online and classroom-based training that you can attend to furtheryour skills and knowledge. For more information, please review the full list of session descriptions, dates, and offerings in theEducation Schedule.

Available Training

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About the ExamThe Corptax Certified Professional: Provision Exam is comprised of two parts with the following characteristics:

1. Knowledge exam:l Purpose: To certify minimum skill sets in a respective certification topic to ensure efficient and quality product usagel Content: 40 multiple-choice questionsl Time allotted to complete the exam: 60 minutesl Passing score: 75%l References: Hard copy materials/documentation may be referenced during the exam

2. Case study exam:l Purpose: To certify practical application of the compliance processl Content: Multi-part case study exam executed on a learning environment provided by Corptax Educationl Time allotted to complete the exam: Up to four hoursl Passing score: 75%l References: Hard copy and online materials/documentation may be referenced during the exam

Exam OutlineThe Corptax Certified Professional: Provision Exammeasures a candidate’s knowledge and skills related to the objectives listedbelow. A candidate should have hands-on experience with Corptax products and have demonstrated application of each of thefollowing features and functions.

Knowledge Exam:

Knowledge Exam Topic WeightIntro to U.S. Compliance 2%

Provision Setup 25%

Provision Amount Import 2%

Provision Adjustments 2%

Using Corptax Provision 27%

Corptax State Provision 17%

Using Corptax Tax Contingency 11%

Rollover 6%

Interim Reporting 8%

Total 100%

Case Study Exam:

Case Study Exam Section WeightCreate Entities, Edit Profiles, and Set Up Workpapers 9%

Create and Assign Packages 5%

Import Trial Balance Data 12%

Adjustment Setup and Post Automated Adjustments 9%

Enter Federal/National Current Period Adjustments 20%

Enter Federal/National Tax Attributes and Return toProvision

9%

Enter Tax Contingency (FIN48) Adjustments 11%

Enter State Data 11%

Batch Processing and Printing 8%

Rollover 6%

Total 100%

About the Exam

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Program RegistrationCertification fees per participant are listed below:l Initial Certification Program Fee: $595l Annual Renewal Fee (due February 28): $99l $100 for each additional certification, including:

l U.S. Compliancel International Compliancel Pass Through Compliance

Annual renewal fees are per certification topic. Participants who pay the annual renewal fees by February 28 will receive a coupon toattend future online training sessions equal to the amount of renewal fees paid. The coupon expires December 31 of the issued yearand is non-refundable and non-transferable.

Program Registration

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To access training courses, log in to CSC Connections and click Training, Training Opportunities.