This webcast provides you with an overview of the factors to consider when determining the proper accounting method. You will work through detailed examples involving both court rulings and client examples for specific industries.

Then, the webcast discusses accounting periods and considerations for changes in the accounting period of an entity. Lastly, you will be provided with 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.