CPE Self-Study

Accounting Methods & Periods: Including Form 3115

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    Accounting Methods & Periods: Including Form 3115 Availability : Online Access Product #: 157694
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    Non-Member: $69.00
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When do you file Form 3115? What regulations allow variations between financial and tax reporting? When it comes to accounting methods, questions like these are common among tax professionals. This 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).

This course covers updates for Tax Cuts and Jobs Act (TCJA) and changes to cash method of accounting rules, as well as considerations for changes in an accounting period of an entity. In addition, this course 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.

Learning Objectives

  • 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.

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

Who Will Benefit

  • Tax professionals in public accounting and tax professionals within corporate finance or tax departments


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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

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.