A two-day intermediate level update with live group instruction of the latest tax accounting rules under FAS #109 and how they affect U.S. multinationals

• Learn how to compute current and deferred taxes in assembling the corporate tax provision under FAS #109
• Discover how FAS #141(R) eliminates differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) involving M&A activity and the treatment of purchased goodwill
• Find out the latest tax accounting requirements for reporting domestic production (Sec. 199) benefits
• Understand how the FIN 48 rules apply for recognizing, derecognizing, and measuring uncertain tax positions for public and non-public companies
• Find out how transfer pricing affects financial statement preparation for U.S. multinationals
• Learn how APB #23 applies to defer the U.S. tax cost on foreign earnings that are permanently reinvested
• Ascertain how the new FAS # 123 rules for stock options, restricted stock plans and other stock-based compensation affect your company
• Find out how to document and prepare supporting workpapers for satisfying the Sec. 404 certification requirements
• Discover how the reduction in FTC baskets and overall loss recapture rules affect the U.S. tax on foreign earnings

CITE is registered with the National Association of the State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. CITE has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York for the period of August 27, 1999 - August 27, 2002. For additional information regarding CLE credit please call (914)328-5656. Financial hardship granted on a per request basis.

Continuing Education certificates will be distributed at the end of each meeting. This certificate must be retained. Should a replacement certificate be needed,
the following fees apply.

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 1-914-328-5656, or e-mail info@citeusa.org. Credits will not be issued for “no shows."

Continuing Education Certificates

Continuing Education certificates will be distributed at the end of each meeting. This certificate must be retained. Should a replacement certificate be needed, the following fees apply.