NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Accounting Methods & Periods: Including Form 3115 - NEW! - Morning Course

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Online Registration Form

Date: September 18, 2017
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 12:00 PM
Registration Begins: 8:00 AM
Summary
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.
Objectives
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.
Highlights
* 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 Should Attend
Tax professionals in public accounting: seniors, supervisors, and managers. Tax professionals within corporate finance or tax departments.

Course Level Intermediate
Prerequisites Three to five years of tax experience.
Course IDAMP4
Discussion LeaderStephen Renberg, AICPA
CPE Credit4 Hours
Additional Information: Lunch is included if registered for both courses (AMP4 & CHTX4 - Page 90) on same day. Parking is available on-site.
Fee: $145 - Society Member
$175 - Society Nonmember

Lunch included if registered for both AMP4 & CHTX4
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