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Accounting Methods & Periods: Including Form 3115 - Tax Staff Essentials
CPE Self-study

Accounting Methods & Periods: Including Form 3115 - Tax Staff Essentials

Provides you with an overview of the various factors considered for the determination of the proper accounting method.

$49 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

2

Author(s)

Joseph Walsh

Availability

1 year

Learning Outcomes
  • Recognize when the use of the cash metRecognize 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 recognize 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
Product Details

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

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.

Learn about various factors in determining proper accounting methods, with detailed examples of court rulings and client examples for specific industries.

Learn about updates for the 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.

A case study and example tax forms 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.

Who Will Benefit
  • Tax professionals in public accounting
  • Tax professionals within corporate finance or tax departments
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$69.00
AICPA Members
Online
$59.00
Tax Section Members
Online
$49.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Credit Info
CPE Credits
Online
2
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
Three to five years of tax experience
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Instructors
Joseph Walsh
BS, MBA, JD, LL.M.
"More than any other tax program that I'm 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."
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Accounting Methods & Periods: Including Form 3115 - Tax Staff Essentials
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$69.00
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$69.00
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