A two-phase CFD model is developed to study the effects of sloshing with high level lateral acceleration on the heat transfer and pressure drop in a small scale tank. Computational results are compared to the data provided by a non-isothermal sloshing experiment without phase change conducted by T. Himeno et al. at the University of Tokyo and JAXA in 2011 [1]. The results of the current model are, also, compared to CFD predictions reported by Himeno et al. [2]. A step change in lateral acceleration was applied in the experiment. Different levels of lateral acceleration amplitude, varying between 0G and 0.5G, were considered. CFD results for interface movement and tank pressure are presented and compared in this paper to the experimental data for the case in which the value of lateral acceleration was set to 0.5G. The effects of initial and boundary conditions and turbulence modeling approach on the tank pressure change during sloshing are discussed in detail. The effect of conjugate heat transfer in the tank wall is also studied to show its important role in determining the tank pressure evolution. The results of the Reynolds Averaged Navier Stokes (RANS) models are compared to the results of the Large Eddy Simulation model (LES) to underscore the importance of correctly capturing the effects of turbulence for high fidelity predictions.