<p>This course will be an overview of:</p> <ul> <li>The definition of monetary and nonmonetary transactions</li> <li>The distinction between monetary and nonmonetary transactions</li> <li>Determining whether a nonmonetary transaction has commercial substance and how to account for it</li> <li>The tax issues related to nonmonetary transactions, specifically under Internal Revenue Code Sections 1031 and 1032</li> </ul>