Calculating Section 263A Capitalized Inventory Costs
Allocation Methods; Direct, Indirect, and Mixed Service Costs; Calculating Absorption Ratios; Recent Legislation
A live 110-minute CPE webinar with interactive Q&A
This webinar will explore the latest rules surrounding IRC Section 263A capitalization and inclusion requirements for certain expenses in inventory. Our panel of inventory accounting method experts will define UNICAP costs and compare allocation methods for assigning these costs using examples and frequently encountered scenarios.
Outline
- Identify accepted allocation methods
- Determine costs included in mixed service costs
- Decide what exceptions to UNICAP are available to producers under 263A
- Ascertain suggestions to facilitate 263A calculations
Benefits
The panel will discuss these and other critical issues:
- Exceptions from 263A capitalization requirements
- Treatment of negative adjustments under 263A
- Examples and scenarios of allocating direct, indirect, and mixed service costs
- Accepted allocation methods
- Advice for facilitating the required computations under 263A
Faculty
Cindy Houser
Principal
CliftonLarsonAllen
Ms. Houser is Principal at CliftonLarsonAllen (CLA).
| Read MoreMs. Houser is Principal at CliftonLarsonAllen (CLA).
CloseErica Parra
Manager
CliftonLarsonAllen
Ms. Parra is a Manager at CliftonLarsonAllen (CLA).
| Read MoreMs. Parra is a Manager at CliftonLarsonAllen (CLA).
CloseDavid Strong, CPA
Partner
Crowe
Mr. Strong is a leader in the delivery of tax accounting services related to inventory valuation, accounting method... | Read More
Mr. Strong is a leader in the delivery of tax accounting services related to inventory valuation, accounting method issues, tax controversy, and corporate planning and consultation. He has more than 20 years of experience and specializes in monitoring legislative and regulatory changes for communication to firm management. Mr. Strong has also worked extensively with both publicly traded and privately held companies providing tax compliance and consulting services.
CloseCPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
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NASBA details.
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CPE On-Demand