A two-day intermediate level, technical update course with live instruction on selected hot tax accounting and corporate
governance issues facing tax practitioners in preparing the global corporate tax provision under FAS #109

• Learn how U.S. multinationals present their global financial statements and disclose relevant tax provision information in the SarbOx era
   
• Understand the role of the Tax Department in establishing internal controls to comply with Section 404 certification criteria
   
• Learn how foreign exchange transaction gains (losses), hedges and derivatives affect U.S. financial statements
   
• Find out how to apply APB #23 to defer the U.S. tax cost on repatriating foreign earnings and other issues in consolidating the results of foreign operations
   
• Determine whether an income tax position satisfies the more-likely-than-not standard in accounting for uncertainties under FIN 48
   
• Ascertain how the new FAS # 123 rules for stock options, restricted stock plans and other share-based payments affect your company in 2007 and beyond
   
• Recognize how the choice of foreign entity - corporation or branch - and transfer pricing methodology can affect your consolidated income statement
   
• Discover how new FAS # 141(R) and 142 affect goodwill acquired in mergers and acquisitions and what happens on impairment of goodwill
   
• Learn how to satisfy the SOX requirements for reporting domestic production activities and claiming a Sec. 199 deduction in 2007 and beyond

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.

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $250 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”