GoingToMeet

This ever-evolving program begins with an introduction and overview of FAS 109. This should allow those of you who are new to the financial deferred tax calculations under FAS 109 to get comfortable with the terminology and application of the standard. We then quickly move to a true-up exercise designed to reconcile financial and tax reporting. This exercise should prove beneficial for those of you involved in this reconciliation.

The afternoon of the first day continues with some discussion of the standard regarding uncertain tax positions (FIN 48). We will then examine the financial statements of five or six companies in an effort to allow you to review your company’s footnote related to income taxes. We will also address several specific topics on income taxes including:
deferred tax accounting and SFAS 123R, FAS 141(R) and 142, SFAS 115, OPEBs, leases, tax allocation, and reserve calculations. Additionally, we will address convergence of GAAP with international standards.