Mobile Edition

Accounting Methods and Periods (AIAMP06)

Date:Friday, December 22, 2017
Time:9:00 AM - 11:00AM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Course Level:Intermediate
Early Bird Price:$99.00 FICPA Members, $129.00 Non-Members

This course provides participants with an overview of the various factors considered for the determination of the proper accounting method (such as cash, accrual) and provides detailed examples of court rulings and client examples (for specific industries) involving each. Then, the course discusses accounting periods, and considerations for changes in the accounting period of an entity. Lastly, there is a case study and example tax forms to highlight how to identify which IRS Revenue Procedures are applicable to a given client situation, as well as how and when to prepare the Form 3115. TOPICS DISCUSSED  What constitutes a method  Cash versus accrual  Automatic changes  Changes needing permission  When and how to change a method  How to account for the change in method

When you complete this course you will be able to:  Recognize when the use of the cash method is appropriate  Understand and apply the basic rules for a change in accounting method  Choose a proper accounting period under the federal tax rules  Identify which IRS Revenue Procedure(s) provides the guidance for a given scenario for a taxpayer to change their accounting method with the IRS  Prepare the Federal Form 3115 - Application for Change in  Accounting Method and understand how and when this form should be filed by the taxpayer.

Who Should Attend:
Tax professionals in public accounting and within within corporate finance or tax departments

Three to five years of tax experience


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.