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Tax Accounting for Inventories (AITAI06)

 
Date:Thursday, December 7, 2017
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Vendor:AICPA
Course Level:Intermediate
Early Bird Price:$99.00 FICPA Members, $129.00 Non-Members

Description:
This course details methods of valuing inventory, including special rules for dealing with LIFO inventory. Effect of shrinkage and market will also be discussed and participants will learn about proposals to prohibit LCM and subnormal goods methods that include wash-sale goods. TOPICS DISCUSSED  263A 2.0  FIFO, LIFO, average  Lower of cost or market

Objectives:
When you complete this course you will be able to:  Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios.  Estimate the tax value of ending inventory under the chosen method.  Calculate the resulting tax adjustment to book income as applicable.

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

Prerequisite:
Three to five years of tax experience

Session/Options

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.