What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Who presents the information for one of these courses?
Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Member registrants, if unable to participate, will be provided with a link to the PODCast. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the course meeting room. Sessions include one Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

09-11-2018 Tax Reform: Accounting Methods Hot Topic
Date: Tuesday, September 11, 2018
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Approximate Duration: 60 minutes
Presenter(s): Eric Lucas, KPMG, LLP
Objective: As a result of the recent tax reform, this session will explore accounting methods and transactional opportunities as a result of the corporate rate change.
Field of Study: .5 tax .5 accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
This session will explore accounting methods and transactional opportunities as a result of the corporate rate change, as well as accounting method issues to consider under revised interest limitation rules under section 163(j), the BEAT tax, earning and profits under the repatriation tax, revenue recognition under 451(b) and ASC 606, meals and entertainment changes, and other topics

Presenter Bio(s)
Eric Lucas is the principal-in-charge of the Income Tax and Accounting group in KPMG?s Washington National Tax practice. Eric?s practice focuses on the emerging issues associated with the tangible property regulations, inventories, cost recovery and many other matters involving methods of accounting and general tax principles.

Prior to joining KPMG, Eric was with the U.S. Department of the Treasury?s Office of the Tax Legislative Counsel, where he served as an attorney advisor. In this role, Eric was a member of the working group that revised the tangible property regulations under section 263(a) in response to practitioner and taxpayer comments. The working groups included a number of key government officials from the IRS Office of Chief Counsel (for example, fixed asset specialists) and the IRS Commissioner?s office. In addition to focusing on the tangible property regulations, Eric worked with IRS personnel in crafting guidance on a number of difficult accounting methods issues, including the section 263A regulations for sales based royalties and negative amounts, the section 381 regulations, long- term contracts (percentage of completion), business credits, and general domestic tax issues. Eric has over 17 years (including three years with the Treasury Department) of professional experience that includes positions with the IRS Chief Counsel?s Income Tax and Accounting Division and the accounting methods practices of the Big Four accounting firms.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org

The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org