TITLE

SECTION 14. METHODS OF ACCOUNTING (§ 446)

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p647
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to a taxpayer who wants to change its accounting method from the cash receipts and disbursements to an accrual method. However, the change does not apply to a taxpayer that will not use an overall accrual method of accounting subsequent to the change under section 14.01.
ACCESSION #
34390651

 

Related Articles

  • SECTION 15. TAXABLE YEAR OF INCLUSION (§ 451).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p655 

    The article discusses the changes in methods of accounting for the taxable year of inclusion to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to an accrual method taxpayer as defined in section 581 and wants to comply with section 451 for...

  • SECTION 17. PREPAID SUBSCRIPTION INCOME (§ 455).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p657 

    The article discusses the changes in methods of accounting for prepaid subscription income (PSI) to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to an accrual method taxpayer that wants to change its method for PSI to the method described in...

  • SECTION 19. TAXABLE YEAR OF DEDUCTION (§ 461).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p658 

    The article discusses the changes in methods of accounting for taxable year of deduction to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It states that the change applies to an accrual method taxpayer who wants to change its method for self-insured liabilities relating to...

  • SECTION 33. SHORT-TERM OBLIGATIONS (§ 1281).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p675 

    The article discusses the changes in methods of accounting for short-term obligations to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to a taxpayer that wants to comply with section 1281 for interest income on short-term obligations. It also...

  • The OPEB obligations. Roy, P. Norman // Financial Executive;Sep/Oct89, Vol. 5 Issue 5, p3 

    The article is an editorial from the president of the Financial Executives Institute, P. Norman Roy, who comments on the Financial Accounting Standards Board's proposed standard for other postemployment benefits (OPEB). The issue of using the accrual accounting method for OPEB and the impact of...

  • THREE MAJOR CONCEPTS IN GOVERNMENTAL ACCOUNTING THEORY. James, Robert M. // Accounting Review;Jul50, Vol. 25 Issue 3, p307 

    A study of the development and progress of governmental accounting theory in the U.S. indicates that there are three important concepts upon which it is based. These concepts are fund accounting, accrual accounting and budgetary accounting. Almost without exception, when individuals or...

  • Postemployment benefits: The controversy over accrual accounting. Goldstein, Murray H.; Akresh, Murray S. // Financial Executive;Sep/Oct87, Vol. 3 Issue 5, p34 

    This article examines the effect of accounting for nonpension postemployment benefits during employees' working lives on financial statements. As the cost of these benefits rises many people believe these financial commitments should be included in some way on a firm's balance sheet. The...

  • Modeling Total Accruals in an International Environment: The Impact of Alternative... Culvenor, Jane; Godfrey, Jayne M. // Journal of International Accounting, Auditing & Taxation;1999 Index, Vol. 8 Issue 2, p289 

    The role of accounting regulation hinges upon whether, how, and why managers manage earnings in the absence of regulatory constraints. Determining whether managers engage in earnings management to transfer wealth away from its most economic or socially effective/ efficient distribution requires...

  • WORK PRODUCT--United States v. Arthur Young & Co.--A Work Product Privilege for Tax Accrual Workpapers. Bah, Kimberly E. // Journal of Corporation Law;Fall83, Vol. 9 Issue 1, p126 

    This article first examines the accounting rationale which makes tax accrual workpapers a necessary element of an independent audit. Next a review of prior decisions points out in what respect the Arthur Young decision breaks away from precedent. After the facts of the case have been explored,...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics