Revised Proposal on Income Tax Disclosure Rules Issued On March 25, FASB issued a revised proposal to amend the disclosure rules under income tax accounting…
Making Financial Reporting More Responsive to Users’ Needs
Highlights from the 15th Annual Baruch College Financial Reporting Conference
Every year, Baruch College's Annual Financial Reporting Conference brings together leading representatives of the regulatory, standards setting, and user communities. The 15th conference, held on…
FASB’s New Standard for Classifying Deferred Taxes
An Expedient Solution
For companies issuing classified balance sheets, current U.S. GAAP requires deferred taxes to be reported in two amounts (i.e., the net current deferred tax asset…