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FIN 48 Guidance Accounting for Income Taxes
Clarify the accounting for uncertainty in income taxes.
Reduce the amount of time you spend conducting accounting research while enhancing the quality of your results.
Find insightful interpretations on GAAP and Securities and Exchange Commission rules.
Keep up-to-date on current accounting projects that may affect your company.
Accounting Research Manager® (ARM) is a comprehensive financial reporting knowledgebase that provides materials designed to help solve your most pressing issues. Updated daily, it is the timely, complete, interpretive and objective resource for your financial reporting needs. Access FASB, SEC, EITF, AICPA, IASB material and guidance.
NEW!
ARM's Interpretations of FASB Statement 157
Over 110 questions and answers on topics that include - Overview and Scope of FAS 157, Definition and Measurement of Fair Value, Primary effects of FAS 157, Fair Value Hierarchy, Recurring and Non-recurring Valuation, Principal and Most Advantageous Market, Disclosure, Risk Adjustment, Exit and Entry Price, Observable and Unobservable Inputs, SEC MD&A Guidance, Effective Dates and Transition, and more!
Timely
Each week, you will receive the Weekly Summary, an e-mail newsletter which highlights the key developments of the week. Your Internet subscription provides access to real-time updates, enabling you to see new literature as it is released with corresponding interpretations. The combination of the Weekly Summary and real-time updates lets you stay on top of issues affecting your business.
Complete
The Accounting Research Manager includes U.S. and international authoritative and proposal-stage literature:
> FASB (Financial Accounting Standards Board) — Statements and interpretations, staff positions, technical bulletins, special reports, implementation guides and related proposal-stage literature. Plus Accounting Research Bulletins and APB Opinions.
> AICPA (American Institute of Certified Public Accountants) — Statements of Position, Audit and Accounting Guides, Practice Bulletins, Accounting Interpretations, Issues Papers and related proposal-stage literature.
> SEC (Securities and Exchange Commission) — Rules, regulations and releases of the 1933 and 1934 Acts, Financial Reporting Releases, Accounting and Auditing Enforcement Releases, Staff Accounting Bulletins, Staff Legal Bulletins, Staff speeches, SEC releases of final and proposed rule changes and much more; plus our "SEC Practice" with its extensive interpretations and electronic links including Sarbanes-Oxley mandated SEC proposed and final rules and our plain English summaries.
> EITF (Emerging Issues Task Force) —- Abstracts, Minutes and Issues Summaries. Our EITF Flash Report is issued immediately after each EITF meeting.
> PCAOB (Public Company Accounting Oversight Board) —- Rules and regulations (proposed and final).
> IASB (International Accounting Standards Board) —- Accounting standards and related proposal-stage literature.
Interpretive
Accounting Research Manager includes numerous expert insights that go beyond the guidance provided in the text of authoritative literature. Featured insights include
Accounting Standards Summary of our policies on accounting matters in a concise, topical format with links to all relevant literature and clearly distinguished U.S. GAAP and IAS guidance.
Read on topics such as:
> Business combinations
> Intangibles
> Stock-based compensation
> Equity
> Earnings per share
> Financial instruments
> Income taxes
> Inventory
> Leases
> Not for profits
> Pensions
> Related parties
> Revenue recognition
> & more.
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Publications Our widely used interpretive guides, The Accounting Reference Series, addressing such topics as Business Combinations, Derivatives and Hedging, Leases, Compensation Arrangements, Financial Assets and Liabilities and Accounting for Income Taxes.
Accounting for Business Combinations, Goodwill, and Other Intangible Assets - Interpretations of FASB Statement 141 and 142
Our latest edition features the newest guidance on the most current literature on Statements 141 and 142. This book offers comprehensive guidance on accounting for business combinations, as well as intangible assets and goodwill under both U.S. and International Accounting Standards.
This covers a broad range of transactions, including:
> Acquisitions of businesses by acquiring assets or stock;
> Acquisitions of minority interests;
> Leveraged buyouts;
> Reverse acquisitions;
> Rollup transactions; and
> Transfers and exchanges between companies under common control.
Derivatives and Hedging—Interpretations of FASB Statement 133
FASB Statement 133 dispels the myth that accounting or derivatives affects only financial service companies. It changes hedge accounting and expands the definition of a derivative to include embedded derivatives and many commodity contracts. As a result, Statement 133 will affect many commercial companies. This publication interprets Statement 133 to give readers a tool for understanding and applying the Statement's requirements.
Topics covered in Derivatives and Hedging include:
> Recognition and measurement of derivative instruments and hedging activities
> Cash flow hedges
> Foreign currency hedges
> Identifying and bifurcating embedded derivative instruments
> Determining and recording fair value
> Determining and accounting for impairment
> Implementation guidance and disclosure rules
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Accounting for Compensation Arrangements - Interpretations of FASB Statement 123
Accounting for Compensation Arrangements offers professionals comprehensive guidance for applying the complex and expansive requirements of FASB Statement No. 123 (Revised 2004), Share-Based Payment. It discusses the financial reporting implications of stock-based compensation arrangements for employees, employee stock purchase plans, certain other compensation arrangements for employees, and share awards to nonemployees for goods and services.
This publication includes recent views of the FASB, including those reflected in FASB Staff Position (FSP) FAS 123R-4, “Classification of Options and Similar Instruments Issued as Employee Compensation That Allow for Cash Settlement upon the Occurrence of a Contingent Event.” Reference is made to all pertinent opinions, statements, pronouncements, interpretations, and bulletins that affect accounting for share-based payments and other forms of compensation.
This in-depth resource provides professionals with a practical reference tool by selectively combining information from the official text of these standards, along with other information drawn from the AICPA, SEC, FASB interpretations, FASB staff positions, consensuses of the Emerging Issues Task Force, and lessons learned from leading accounting practitioners.
Accounting for Leases - Interpretations of FASB Statement No. 13, As Amended
Accounting for Leases offers paragraph-by-paragraph interpretations of Statement 13, as amended. It clarifies many implementation issues companies will face. Also, it discusses how to treat leasing transactions in areas not specifically addressed by the FASB, and areas that require further explanation.
Our interpretations take into consideration FASB Statement No. 98, Accounting for Leases; and FASB Interpretation No. 21, Accounting for Leases in a Business Combination. It also considers FASB Statements 141, 144 and 146; FASB Interpretations No. 45 and 46; and other literature from the FASB, AICPA, and SEC.
For companies involved in leasing transactions and for those that are focused on keeping assets and debt off-balance-sheet, this publication provides invaluable and comprehensive guidance.
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Financial Assets and Liabilities: Sales, Transfers and Extinguishments - Interpretations of FASB Statement 140
Accounting for sales, transfers and servicing of financial assets and extinguishments of liabilities can be highly complex. FASB Statement 140 establishes a financial-reporting model for these types of transactions but covers a wide breadth of transactions. As new transactions are introduced into the marketplace, you will face new and challenging implementation questions in this area.
Transactions involving financial assets and liabilities — such as refinancing of liabilities, factoring of receivables and pledges of collateral — are not limited to financial institutions. Financial-reporting professionals need to understand how Statement 140 works. To help you, Financial Assets and Liabilities provides practical, real-world interpretations of 140 in question and answer format.
Transactions covered in this publication include:
· Collateralized borrowing
· Purchases or sales of receivables, loans, and securities
· Consolidation policies for special-purpose entities
· Loan syndications and participations
· Securities lending
· Debt extinguishments and refinancing
· Wash sales
Accounting for Income Taxes
Accounting for Income Taxes provides guidance on the application of FASB Statement No. 109, Accounting for Income Taxes, as amended. It also provides interpretations of the various amendments to Statement 109 since 1992, including the guidance contained in FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes—an Interpretation of FASB Statement No. 109, which was issued by the FASB in July of 2006.
Statement 109 established financial accounting and reporting standards for the effects of income taxes that result from an enterprise's activities during the current and preceding years. It requires an asset and liability approach for financial accounting and reporting for income taxes.
This in-depth resource gives professionals indispensable guidance on the complex requirements of Statement 109 and clarifies the implementation issues resulting from the accounting industry’s literal approach to applying the statement’s criteria. It provides a practical reference tool by selectively combining information from the official text of the FASB, along with information drawn from the AICPA, consensuses of the EITF, SEC Staff Accounting Bulletins, and lessons learned from leading practitioners in the field.
GAAP Financial Statements Disclosures Manual
This guide provides a complete, quick and valuable reference source for financial statement disclosures. The Manual contains more than 900 examples of realistic sample footnote disclosures to assist in the preparation of financial statements for an audit, review or compilation engagement. It facilitates compliance with authoritative pronouncements by integrating, in each chapter, the specific disclosure requirements with the sample footnotes.
The Manual provides sample disclosures that are technically sound, understandable, and comprehensive and that cover a variety of scenarios, from the most common to the most unusual. It is designed for ease of use. You can locate information based either on the disclosure topic or on the disclosure's location in the financial statement. In addition, each chapter is structured as a standalone chapter, providing you all of the information you need for a specific topic. Each chapter consists of an executive summary; a listing of relevant authoritative literature; a listing of disclosure requirements mandated by GAAP; and specific examples of disclosures.
The Manual also includes a financial statement disclosures checklist that provides a centralized resource of the required and recommended GAAP disclosures currently in use. It is designed to assist the user in determining whether the required financial statement disclosures have been made.
This title contains all of the sample disclosures in this edition, as well as the expansive financial statement disclosures checklist. All of these documents can be used as templates and modified to fit your needs.
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