ioner, 317 F.2d 604 (2nd Cir. 1963). Likewise, a vacation pay accrual is an "item" and the treatment it is given qualifies as an accounting method. Color Arts. See also, Capital One Financial Corp. v. Commissioner, 130 T.C. 147, 159161 (2008), affd 659 F.3d 316 (4th Cir. 2011) An accounting method may exi