FASB Proposes Relief for Sufferers of FAS 96
Journal of Corporate Accounting and Finance
Reports that the U.S. Financial Accounting Standards Board has reconsidered its position on accounting for income taxes and issued an exposure draft for a proposed standard that would replace the 1996 federal accounting standards (FAS). Terms of the proposal; Advantage of the proposal for firms that would be unable to recognize deferred tax assets under the provisions of FAS 96; Creation of a hypothetical tax planning strategies.
Recommended CitationBline, Dennis M. and Skekel, Ted D., "FASB Proposes Relief for Sufferers of FAS 96" (1991). Accounting Journal Articles. Paper 78.