If I received a quarter for each time I've heard the words "liabilities," "transparency" and "balance sheet" in the same sentence since I've been at the helm of Accounting Today, well, I wouldn't need to be at Accounting Today - or any job, for that matter.That profession-centric troika of terms has again come across my desk in the form of FIN 48, the interpretation by the Financial Accounting Standards Board that would usher in more tax-related, um, liabilities being properly included on, yep, the balance sheet providing, yes, greater transparency.
Now I don't pretend to be an expert on explaining the rule, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109, but after 20-plus years in journalism, I do know something about human nature.
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