Implementing 123(R), uncertain tax positions and GAAP hierarchy.(Financial Reporting Select Issues Update)(Generally Accepted Accounting Principles)

Financial Executive, October, 2005 by Heffes, Ellen M.

Implementation issues associated with FASB Statement No. 123(R), Share-Based Payment, is among the top matters on the financial reporting agenda for many companies. And, while that is quite significant, other issues on the standard-setting horizon can potentially affect financial reporting in the foreseeable future. Two of these projects nearing completion are the Financial Accounting Standards Board's (FASB) Proposed Interpretation, Accounting for Uncertain Tax Positions and Proposed Statement, The Hierarchy of Generally Accepted Accounting Principles.

Implementing Statement 123(R) Issues Companies have been required to provide information on a fair-value-based approach about their share-based payment arrangements since 1995. With the impending requirement to...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.