WEBINAR: Accounting Methods (Jennings TaxSpeaker) - E3S5R-T-00899-25-O
1 Hours Tax (Federal); IRS:
Course description: The course explains the rules for using cash or accrual methods, special reporting rules, with examples, for revenues and expenses, inventory rules, and how to change accounting methods under Rev. Roc. 2022-14.It also provides a short review of tax year ends.
Course Objectives: Upon completion of this course you should have a greater understanding of accounting methods and practices. Participants should be able to determine when the cash method is appropriate or the accrual method is required for accounting records. Special accounting for prepaid expenses, gift cards and advance payments are discussed along with accounting for inventory. Finally, 4 different examples are provided for changing accounting methods, with completed forms, are provided for changing from accrual to cash; from cash to accrual; from using inventory capitalization to bot using it; and to correct depreciation issues.
Bob Jennings, CPA, EA
Bob is a nationally renowned author and speaker, presenting continuing education classes to over 100,000 tax professionals over the last 20 years all over the world. Bob is a licensed CPA (Indiana),and an IRS Enrolled Agent. Bob is also a prolific author and has published over 60 professional articles in such magazines as the Journal of Accountancy as well as many other professional and consumer publications; annually authors several tax, accounting and technology manuals; and is a regular columnist for FoxBusiness.com. As the founder of his own regional CPA firm in 1984, Bob has dealt exclusively with individual and small business financial issues for over 30 years. Bob appears regularly in the media and has been quoted extensively by numerous publications. He has recorded an extensive number of information videos, DVD’s and instructional clips available on his website at TaxSpeaker.com.
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For More Information:
150 Corporate Center Drive Suite 205Camp Hill, Pennsylvania 17011
United States 800.270.3352