Learn methods of valuing inventory, including special rules for dealing with FIFO and LIFO and learning about the effect of shrinkage and market.
Determine — among the multiple ways to derive an inventory valuation — which method will affect the amount of taxable income recognized
Learn about proposals to prohibit lower of cost or market (LCM) and subnormal goods methods that include wash-sale goods. Gain practical guidance on which costs are included or excluded from the UNICAP calculation and identify which companies are subject to the UNICAP rules.
Format: Voiceover Powerpoint, Audio
CPAs in public accounting