FASB Proposes Relief for Sufferers of FAS 96

Document Type



Published by Wiley-Blackwell in the Journal of Corporate Accounting and Finance, 1991/92. Bryant users may access this article here.

Publication Source

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.