Topics covered include: General concepts that affect the reporting of corporate income; Business income; Inventory and Form 1125-A; Other Income; Schedules M-1, M-2, and M-3. Upon completing this course, you should be able to: Define general concepts affecting the reporting of income; Recognize how to report inventory on Form 1125-A; Identify and report other income items; List filing requirements for Schedules M-1, M-2, and M-3.