Live event participants can earn up to 1 CPE credits in the Accounting field of study.Program description: As a leading accounting, tax, and advisory firm with deep expertise in the renewable energy industry, we understand the ever-changing renewable energy landscape. The Inflation Reduction Act enabled alternative monetization methods for tax credits, which is leading more investors to participate in tax equity structures to acquire tax benefits. We have built our reputation on assisting companies as they assess and document the financial reporting impact of these complex transactions. We are excited to continue our series of accounting webcasts, focusing now on a suite of accounting issues related to tax equity structures: common control transactions, consolidation of tax equity partnerships, and transferability of tax credits generated by non-taxable entities.
Program level: Basic – New to subject knowledge
Prerequisites: None
Advance Preparation: None
Topics to be discussed include:
- The proper accounting for common control transactions: This topic will cover accounting for common control transactions, which are frequently seen when renewable energy assets are sold into a tax equity partnership by a related developer entity. This topic will also cover other frequent common control transactions, including entity reorganizations.
- How to assess whether a tax equity partnership or joint venture should be consolidated: This topic will detail the practical factors to consider when assessing whether a tax equity partnership or joint venture should be consolidated. This topic will also cover key financial reporting considerations for variable interest entities.
- Accounting considerations for transferring tax credits generated by a non-taxable entity: This topic will review the key accounting considerations for transferring tax credits generated by non-taxable entities, as well as an overall refresher on transferability.
Instructional Delivery Method: Webinars: Group Internet Based
Course Registration Requirements: Landing pages feature this content prior to CPE credit approval.
Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):
CohnReznick LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
