FIN 48 delay rejected.FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). unanimously decided to move forward with the implementation of FIN fin, organ of locomotion characteristic of fish and consisting of thin tissue supported by cartilaginous or bony rays. In some fish, e.g., the eel, a single fin extends from the back, around the tail, and along the ventral surface. 48, Accounting for Uncertainty in Income Taxes, despite receiving approximately 400 requests for a one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants delay. FIN 48 was created in June June: see month. 2006 as a result of SEC concerns about the diverse practices in accounting for uncertain tax positions and the possibility of earnings management, given that taxes are part of the balance sheet and reported earnings. Companies must comply with the accounting rule by the end of the first fiscal year beginning after Dec. 15, 2006. For more information on FIN 48, visit http://thecaq.aicpa.org/Resources/Accounting/FASB+Interpretation+48.htm. For more information on FASB's decision, visit www.fasb.org/board_meeting_minutes/board_meeting_minutes.shtml. |
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