Accounting methods : general principles / George L. White, Esq. of an earlier version by Louis H. Diamond, Esq. and James E. Salles, Esq.

Arlington, VA : Tax Management, [2009]-

1 online resource.

Updated irregularly

Tax management portfolios ; 570-4th.

" ... discusses the tax effects of selecting an accounting method. In general, any consistent and predictable treatment of a material item of income or expense constitutes an accounting method. The two most commonly used methods of accounting are the cash method and the accrual method, but any method of accounting that clearly reflects income generally will be permitted. The determination as to what clearly reflects income, however, depends on tax accounting principles, which frequently deviate from generally accepted accounting principles. If the two conflict, tax accounting principles control for tax purposes."

Includes bibliographical references.

Mode of access: World Wide Web.

Description based on contents viewed on May 22, 2018; title from description page.

www

Print version: White, George L. Accounting methods. Arlington, VA : Tax Management, [2018]-

BNA Premier package.

English

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