Webcast: Tax Accounting for Inventories

WA853  |  Partner Virtual Events  |  Intermediate  |  Scheduled

Description

This course details methods of valuing inventory, including special rules for dealing with LIFO inventory. Effect of shrinkage and market will also be discussed and participants will learn about proposals to prohibit LCM and subnormal goods methods that include wash-sale goods. TOPICS DISCUSSED 263A 2.0 FIFO, LIFO, average Lower of cost or market

Credits

Number of Credits Type of Credits
2 Tax

Prerequisites

Three to five years of tax experience

Objectives

When you complete this course you will be able to: Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios. Estimate the tax value of ending inventory under the chosen method. Calculate the resulting tax adjustment to book income as applicable.

Preparation

none

Notes

This webcast is provided by the AICPA. After registering for the course, you will receive an email from the AICPA with instructions for logging in to the webcast and obtaining your eMaterials.

Prices

Member (Early Bird)
$99.00
Non-Member (Early Bird)
$129.00
Member
$99.00
Non-Member
$129.00
Registration for this event has closed. If you have any question or concerns please give us a call at 615-377-3825 or send us an e-mail at registrar@tscpa.com