The change in recent years by the Internal Revenue Service relative to allowing a shift from accrual to cash accounting represents a dramatic shift in philosophy In its latest pronouncement, the Internal Revenue Service has indicated that it will exercise its discretion to except a qualifying small business taxpayer from the requirements to use an accrual method of accounting and has published procedures for obtaining an automatic consent to change to the cash method of accounting.
Harl, Neil E.
"Shifting From Accrual to Cash Accounting,"
Agricultural Law Digest: Vol. 14
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol14/iss7/1