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FIN 48: What You Need to Know FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109” (FIN 48) was issued in June 2006 and is effective for fiscal 2008 for the vast majority of independent institutions.
The goals of FIN 48 are:
- to increase relevance and comparability in financial statement reporting of federal, state and local income taxes, and
- to provide additional disclosures in financial statements about the uncertainty surrounding income tax assets and liabilities.
On November 29, 2006, the AICPA issued a Practice Guide for FIN 48. What are the implications of this Practice Guide for your institution? Although most tax exempt organizations do not include income tax provisions as part of their financial statements, this interpretation may apply in cases you’re not aware of.
Join us for a one-hour webcast where we will discuss the definition of a “tax position”, what this means to your organization, and what your organization can do to prepare for this new standard.
What You Will Learn:
- What a tax position means
- Technical questions that must be answered when evaluating tax positions
- Documentation requirements and related auditor expectations
- Disclosure considerations for your 2008 financial statements
Who Should Participate:
- Controllers
- Associate and assistant controllers
- Financial reporting managers
- Tax Managers
- AVPs of finance and administration
Meet the Presenters:
- Tracy Paglia, CPA
Senior Manager – Tax
Moss Adams LLP
- Lynn Kingston, CPA
Partner – Business Assurance
Moss Adams LLP Fees
| Member: |
$99.00 |
| Non-member: |
$129.00 |
Time
Available on-demand at any time.
Length
Approximately
100
minutes
Technical Requirements
- Windows 9x/NT/2000/XP (Mac and Linux are not supported)
- IE 5.0 or Higher (Netscape is not Supported)
- Windows Media Player 6.01 or Higher (May have some issues with versions below 7.0)
- To successfully view this program you must first follow the Test Your System link located on the Event Help Guide
Customer Support Center:
Technical Issues with Webcasts
Call 1.800.462.4916 to speak to Customer Support.
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