This session, from TEI’s 2025 Federal Tax Course – Level 1, provides a foundational overview of inventory accounting and the Uniform Capitalization (UNICAP) rules. Participants will explore essential topics, including tax ownership, inventory valuation, Section 263A, and interest capitalization. The session is designed to equip tax professionals with the knowledge needed to understand and apply these critical principles in inventory accounting.
Learning Outcomes
- Understand the fundamentals of inventory accounting and the impact of the UNICAP rules
- Analyze the principles of inventory valuation, including the application of the retail inventory method (RIM)
- Explore the code provisions and other guidance that govern interest capitalization
Who Should Attend
This course is designed for tax professionals who are new to the in-house community, taking on new areas of responsibility, changing areas of practice, or just need a refresher on the core principles in US federal taxation.
Instructor(s)
Robert Ford, Partner, Tax, KPMG LLP
Jessi Thielken, Managing Director, Washington National Tax, KPMG LLP
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is not eligible for Continuing Professional Education (CPE) credit and includes the recording from the 2025 in-person session and the corresponding PowerPoint slides.
Length of Session
The session will take approximately 2.0 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
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