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CPE Self-Study

Accounting Methods and Periods - Tax Staff Essentials

  • $59.00-$69.00
    Accounting Methods and Periods - Tax Staff Essentials Online Access Product #: 157693
    AICPA Member: $59.00
    Non-Member: $69.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-TSE.AMP

Save 20% on all Tax Staff Essentials CPE self-study products. Use code TSE20 at checkout. Offer ends August 31, 2017.

Save 20% on all Tax Staff Essentials CPE self-study products.
Use code TSE20 at checkout.
Offer ends August 31, 2017.*

Save when you buy the complete Tax Staff Essentials, Level 2 online bundle.

This CPE course provides you 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. The course also discusses accounting periods, and considerations for changes in the accounting period of an entity. In addition, this resource provides 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.

Key Topics:

  • 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

Learning Objectives

This course will prepare you 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

*Offer valid on Tax Staff Essentials CPE self-study bundles and individual courses. Orders must be placed by or before Thursday, August 31st, 2017 at 11:59 p.m. EDT. This offer can only be combined with sections and credentials discounts. It cannot be combined with any other special offers or incentives; not valid on previous purchases.

Discount

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

Table of Contents

System Requirements

About the Authors

Joseph Walsh, BS, MBA, JD, LL.M.

More than any other tax program that Im aware of, Golden Gate University has a professional rather than an academic orientation. All the faculty members have a wealth of practical tax experience and bring the real world into their classroom.

Joe Walsh joined Golden Gate University as Dean of the School of Taxation in 1984 and has been serving as a Professor of Taxation since 1993. In addition to teaching at GGU, he was the faculty advisor/coach for the team of tax students that won Tax Challenge. Joe won the Best Article award from the Tax Section of the American Institute of CPAs, and the Distinguished Service Award at GGU.He is an inactive California CPA, a member of the Tax Section of State Bar of California and the San Francisco Tax Club, where he was president in 2000. Some of Joes previous positions include Associate Tax Counsel at Bank of America and Associate at the law firm of Fitzgerald, Abbott and Beardsley. He has authored numerous articles for various tax journals including Practical Tax Strategies, Taxation for Accountants, and The Tax Advisor. Joe holds a B.S. and an M.B.A. from University of California, Berkeley, a J.D. from University of California, Hastings College of the Law and an LL.M. in Tax from New York University.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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