I have decided to record all my classes for the entire semester using Mediasite and not require in-person attendance. The recordings will be auto-posted to Brightspace. I dislike recordings intensely because they constrain what I say and ruin the classroom interaction, but I have to balance that against Covid infections.

Please contact NYU IT (askit@nyu.edu, 212-998-3333) or NYU Stern IT (helpdesk@stern.nyu.edu, 212-998-0180) for all ZOOM/email/NYU Brightspace/Admin/CapitalIQ issues. Please do not copy/contact me regarding such issues. If NYU/Stern support cannot help you, please contact Student Affairs/Dean's office. All emails are sent to the email address in the NYU Brightspace roster. NYU Brightspace lists @nyu.edu email for some of you and @stern.nyu.edu email for others. This mess is beyond my control. Please contact NYU/Stern support to learn how to read/forward/check spam for @nyu.edu and @stern.nyu.edu accounts. Their instructions are rather poor. Students do not realize that they are logged in as a Stern student and think they are checking their NYU email when they are still checking NYU Stern's email. Please use a new browser to ensure that you check NYU's email. Do not write to Almaris or me if you are not getting Almaris emails sent to the NYU email address because this issue is between NYU and you.

This course [ACCT-GB.3330] is offered only once in spring to MS in Accounting students.

Overview

This advanced course is part of the NYU Stern MS in Accounting program. It will teach you the following topics that are crucial for a graduate degree in accounting. Learning these topics will be intense, but the knowledge gained will be highly useful in your career.

Attendance

Timely in-person attendance is required. Classes will not be videotaped. Your absence will not be penalized if you miss class for a documented medical reason or family emergency. However, you will have to learn from the detailed class materials and notes. Please do not contact me or the TA to review materials for missed classes.

Help and Office

Materials

Assignments

Exams and Grading

Important computer tips for the final

Schedule

1. Deferred taxes: An introduction

We will skip this part if you are already comfortable with it based on the coverage in prior classes.

Permanent versus temporary differences

2. Deferred taxes: Four key examples

Taxable and deductible temporary differences

3. Deferred taxes: Intermediate issues

Accumulated other comprehensive income

Tax credit carryforwards and tax loss carrybacks and carryforwards

Valuation allowance

4. Investments

Financial investments

When there is no consolidation

Introduction to consolidation

5. Acquisitions: An example to illustrate the overall process

On the acquisition date

After acquisition date

6. Acquisitions: Scope and Consideration paid

Scope of ASC 805

Consideration paid

7. Acquisitions: Acquired assets and liabilities

Acquired assets

Acquired pre-tax liabilities

Deferred tax liabilities and assets

Goodwill

8. Acquisitions: Post-acquisition date accounting

Amortization

Impairment

9. Acquisitions: Non-controlling interest

When the parent retains control

When the parent acquires or relinquishes control

10. Foreign Operations

Overview of the process

Remeasurements

Translations

11. Intercompany transactions

Purchase and sale of inventory and long-lived assets

Intercompany debt

12. Introduction to derivatives

Institutional knowledge

Commonly used derivatives

13. Hedge accounting

The five possibilities