SECTION 5. PROCEDURES

FOR CHANGING METHOD OF ACCOUNTING

.01 Taxpayers are granted the consent of the Commissioner to change to a rollingaverage method of accounting permitted under section 4 of this revenue procedure in accordance with the applicable provisions of Rev. Proc. 2002–9 or any successor, subject to the following modifications:

(1) The scope limitation in section 4.02(6) of Rev. Proc. 2002–9 does not apply to the change to a rolling-average method in the taxpayer’s first or second taxable year ending on or after December 31, 2007; and (2) The designated automatic accounting method change number for changes in method of accounting made pursuant to this revenue procedure is No. 114.

.02 A taxpayer changing to a rolling-average method of accounting must use a cut-off method unless the taxpayer’s books and records contain sufficient information to compute a § 481(a) adjustment, in which case the taxpayer may choose to implement the change with a § 481(a) adjustment as provided in sections 5.03 and 5.04 of Rev. Proc. 2002–9.