Understanding the basics of SFAS 109
Yair Holtzman
(WTP Advisors, West Hempstead, New York, USA)
Paul Nagel
(CUNY – Queensborough Community College, Queens, New York, USA)
1135
Abstract
Purpose
This paper aims to describe the SFAS 109/Financial Accounting Standards Board (FASB) Accounting Standards Codification 740.
Design/methodology/approach
This paper is an overview of a topic.
Findings
SFAS 109 establishes the financial accounting and reporting standards for the effects of federal, state and foreign income taxes.
Originality/value
The paper is a good discussion for non‐tax financial executives. It is a valuable read for anyone looking for an introductory paper on the subject.
Keywords
Citation
Holtzman, Y. and Nagel, P. (2011), "Understanding the basics of SFAS 109", Journal of Management Development, Vol. 30 No. 1, pp. 106-111. https://doi.org/10.1108/02621711111098406
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited