CE/CPE Course Information

Individual: Accounting Methods, Filing Status, and Dependency Status (2020)

CPE Credits: 4
Subject Area: Taxation
Field of Study: Taxes
Program Level: Overview
Lesson Version: 2020
Publication/Revision Date: April 16, 2020
Prerequisites/Advanced Preparation: None
Written By: James R. Hasselback, Ph.D.

After completing this course, you will be able to
  • Identify different tax years and the criteria for different accounting methods
  • Determine when income/expenses should be recognized as income/deductions
  • Determine the amount of gross profit that should be reported
  • Answer questions about inventory valuation
  • Determine the appropriate filing status
  • Differentiate between itemized deductions and the standard deduction
  • Apply the dependent status tests for tax benefits
Course Topics
  1. Accounting Methods
  2. Filing Status
  3. The Standard Deduction
  4. Dependency Status

This self-study course consists of an Audiovisual presentation or a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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