Course Information

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FIN 48: Accounting for Uncertainty in Income Tax: An interpretation of FASB No. 109
Author: Steven C Fustolo, CPA

Description:
In February 1992, the Financial Accounting Standards Board (FASB) issued FASB Statement No. 109, Accounting for Income Taxes. In addition, the FASB released an implementation guide, FASB Special Report, A Guide to Implementation of Statement 109 on Accounting for Income Taxes, and the Emerging Issues Task Force (EITF) has dealt with a number of Statement 109 implementation issues. As a result, in July 2006, the FASB issued FASB Interpretation (FIN) No. 48, Accounting for Uncertainty in Income Taxes—an Interpretation of Statement No. 109, to address financial statement recognition and measurement by an enterprise of a tax position taken or expected to be taken in a tax return. This course provides a thorough review of FIN 48. Topics covered include:

  • Overview of FIN No. 48
  • Background
  • Scope of the Interpretation
  • Requirements of FIN No. 48
  • Implementing the Interpretation
  • Disclosures
Course Details:
Price:  $24.00
Field of Study:  Accounting
Level:  Basic
Advanced Preparation:  None
Course was last updated on:  07/25/07
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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