Tab 1: References and Worksheets
Tab 2: Background Informationp
Professional Requirements, Additional Professional Standards for CPAs, Professional Quality Tax Returns, Reports and Correspondence, Bookkeeping Basics, Accounting Terms, Report Processing Routing Slip, Production Control Log
Tab 3: Business Start-up Considerations
Types of Business Entities, Accounting Methods, Tax Years, Check-the-Box Rules, Starting a New Entity, Purchasing an Existing Business, Organizational and Start-Up Costs
Tab 4: Working With Client Records
Creating a Chart of Accounts, Preparing the Trial Balance, Recording Tax Adjustments in the General Ledger, Reconciling the Tax Return and the General Ledger, Using Software When Working With Client Records, Record Retention Requirements, Cash Receipts Summary Form, Filled-Out Cash Receipts Summary Form, Accounting Information Transmittal Form, Bank Reconciliation Form, Filled-Out Bank Reconciliation Form, Journal Entry Form, Common Tax Reconciling Items, Worksheet for Tracking M-1 Adjustments (Book/Tax Differences), Filled-Out Worksheet for Tracking M-1 Adjustments (Book/Tax Differences), Filled-Out Schedule M-1-Heather's Feathers, Inc., Filled-Out Schedule M-2-Heather's Feathers, Inc., Appropriated Retained Earnings Schedule?Heather?s Feathers, Inc.
Tab 5: Entity Changes
Converting Type of Entity, Changing Accounting Methods, Changing Tax Year
Tab 6: Revenue and Receivables
Recording Revenue-Cash Method, Recording Revenue-Accrual Method, Advance Payments Received, Installment Sales, Long-Term Contracts Income, Life Insurance Proceeds, Recording Accounts Receivable, Bad Debts, Factoring Accounts Receivable, Adjusting Accounts Receivable for a Change of Accounting Method
Tab 7: Inventory
Components of Inventory, Cash vs. Accrual Method for Inventory, Tracking Inventory, Inventory Cost Flow Assumptions, UNICAP Adjustment, Domestic Production Activities Deduction, Obsolescence, Shrinkage and Loss of Inventory, Personal and Other Use of Inventory, Consigned Inventory, Filled-Out Worksheet for Allocation of Indirect Costs to Ending Inventory Under Section 263A, Worksheet for Allocation of Indirect Costs to Ending Inventory Under Section 263A, Deduction Allowed for Contributions for Care of the Ill, the Needy or Infants Worksheet
Tab 8: Capitalized Assets
Capitalize vs. Expense, Purchased Assets, Section 263A UNICAP Rules, Self-Constructed Assets, Leasehold Improvements, Depreciation and Amortization, Depletion, Sales and Exchanges, Obsolescence
Tab 9: Investments
Recording the Purchase and Sale of an Investment, Interest Income, Dividend Income, Bonds With a Discount or Premium, U. S. Savings Bonds, Capital Gains and Losses, Worthless Securities, Other Investment Transactions, Worksheet for Calculating the Limitation on the Dividends-Received Deduction, Worksheet for Tracking Mutual Fund Share Basis, Worksheet for Tracking Capital Loss Carryover
Tab 10: Intangible Assets
What Are Intangible Assets?, Section 197 Intangible Assets, Organizational Costs, Start-Up Costs, Research and Development Costs, Computer Software Costs, Prepaid Expenses
Tab 11: Liabilities
Accounting for Liabilities, Economic Performance, Recurring Item Exception, Accounts Payable Processing, Long-Term Debt
Tab 12: Owner's Equity
Equity Transactions, Corporations, S Corporations, Partnerships and LLCs, Sole Proprietorships
Tab 13: Expenses
Charitable Contributions, Travel and Entertainment, Recording Income Taxes, Recording Nondeductible Expenses, Recording Deductions in Excess of Basis
Tab 14: Payroll and Employee Benefit Programs
Payroll Services, Accounting for Payroll, Reconciling Payroll Information, Fringe Benefits, Retirement Plans, Reconciliation of Forms 941 to Forms W-3 and 940, Payroll Deduction Account Analysis
Tab 15: Interest Expense
Deducting Interest Expense, Nondeductible and Deferred Interest Expense, Capitalized Interest Expense, Prepaid Interest, Interest Tracing Rules, Investment Interest Expense
Tab 16: Business Dispositions
Corporations, Partnerships
Tab 17: Related Entity Transactions
Who Are Related Parties?, Losses Between Related Parties, Expenses, Shareholder Loans, Basis and At-Risk Rules
Tab 18: Index
Easy-to-use Topical Index
