Change of accounting method: an assessee may adopt cash basis if the change is bona fide and consistently applied thereafter. An assessee may change the method of accounting from mercantile to cash basis if the change is bona fide and is followed regularly thereafter; such a ... Summary
Change of accounting method: an assessee may adopt cash basis if the change is bona fide and consistently applied thereafter.
An assessee may change the method of accounting from mercantile to cash basis if the change is bona fide and is followed regularly thereafter; such a change is distinct from a change in accounting policy and must be consistently applied to support proper income computation and disclosure.
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TaxTMI 
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