The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers in May of 2014, and the effective date for non-public companies is for periods beginning after December 15, 2018. These rules will impact when and how businesses recognize revenue for financial accounting and tax purposes. In addition, the IRS recently published proposed regulations interpreting I.R.C. section 451(b) and 451(c). These regulations were enacted as part of the Tax Cuts and Jobs Act, which impacts many taxpayers. Join us for a webinar to learn more about these rules and what you need to do now to comply.
Andrea Mouw, CPA, JD, Partner
Andrea has more than 12 years of tax experience, including federal, state, and international tax issues. She provides technical analysis and assists clients in resolving accounting method issues related to income and expense recognition, capitalization, cost recovery and inventories, including identifying and adopting appropriate accounting methods and filing accounting method change requests (Form 3115). Andrea also provides guidance regarding the Section 199 domestic manufacturing deduction and is familiar with the rules regarding the taxation of financial products and alternative investments.
Scot Phillips, CPA, Partner
Scot joined the firm in 2002 and is a highly experienced public accountant, serving privately held companies, employee benefit plans, governmental entities and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information and assistance with acquisitions. Scot is a recognized leader in his field, as well as in his community, participating in many local business and professional associations.
CPE Credits: 1
Field of Study: Accounting
Level of Knowledge: Any Level
Delivery Method: Group-Internet Based
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.
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The tools and resources presented will help businesses and individuals make informed decisions and remain successful and compliant in the competitive marketplace. Click the Webinar Series button to view our upcoming webinars or view past recordings.