Webcast: Tax Accounting Methods
You will receive an email 3 days before the class with information about downloading the course material and testing your internet connection.
The choice of accounting methods and a broad range of choices made by business accounting professionals can make a tremendous, sometimes critical difference in the fortunes of companies. This new ACPEN course will focus, in a very practical way, on these decisions and choices and explain the ramifications to the company.
Legislative developments, if any
Cash vs. Accrual Method
When is the Cash Method prohibited? Exceptions…?
Dispositions of Installment Obligations
Current LIFO Issues
Completed Contract Method Accounting
UNICAP sec. 263A
Tax Costs of Conversion from one Method to Another
-Requesting Permission to do so.
704(b) versus Tax Basis Accounting for Partnerships
Public and Industry Accountants and Tax Practitioners