Business Professional Accountancy | Timing Issues in Taxation: Accounting Periods and Methods (1.5 - 3 cr.)
A556 | --
P: A515 or equivalent. Examines timing issues related to the Federal
income tax including adoption of and changes in accounting periods, cash
and accrual methods of accounting, tax consequences of changing from one
method of accounting to another, installment methods of accounting; time
value of money issues (original issue discount); inventory accounting
(LIFO), the Uniform Capitalization Rules, and accounting for long-term
contracts.