Tax Accounting for Inventories

Date: December 7, 2017 Time: 1:00 pm - 3:00 pm EST Location: Online CPE: 2 Format: Webcast
EVENT 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.

LEARNING OBJECTIVES
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.
MAJOR TOPICS
263A 2.0
FIFO, LIFO, average
Lower of cost or market
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Practitioner Tax
CPE FIELD OF STUDY
Taxes (2.0 Credits)
WHO SHOULD ATTEND
Tax professionals in public accounting or within corporate finance or tax departments
COURSE LEVEL
Intermediate
LOCATION
Online Webcast
Loading