Deen is an accounting professor at Tulane University who specializes in accounting principles and standards, taxation, tax shelters, and corporate capital structure. He taught at Columbia Business School from 1995 to 2004 where he was director of Columbia’s tax research program, and he still sometimes teaches in Columbia's Executive MBA program. He also spent a year on the faculty at Yale School of Management. Wherever he has taught, the students have awarded him with their highest honors. Deen also is one of the leading trainers on Wall Street, teaching accounting and earnings quality to hundreds of analysts each year at Morgan Stanley, Citigroup, and other banks and consulting firms. He lives in Fairfield County, Connecticut.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: PhD in Business, UNC-Chapel Hill, 1995
M.A. in International Business, University of Kentucky, 1986
B.S. in Accounting, Brigham Young University, 1982
Earned a CPA certificate in 1984
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Deen has extensive experience teaching accounting and tax at Columbia, Yale, and Tulane. Each years he teaches several MBA, Executive MBA, Professional MBA, Master of Accounting, and Master of Finance classes. Topics include Core Accounting, Equity & Credit Analysis, and Taxation (the tax factors associated with corporate financing, mergers & acquisitions, retirement plans, executive stock options, multinational operations, and more).
Professor Kemsley is a leading corporate trainer in New York and elsewhere. He has trained new bond and equity analysts at Morgan Stanley for the past ten years, and each summer, he trains the new analysts at CitiGroup. Other corporate training clients have included Lehman Brothers, BNP Paribas, and Computer Sciences Corporation, among many others. The topics he covers include basic accounting, earnings quality and identifying red flags, revenue recognition, fixed assets, bonds, accounting for income taxes, stockholder's equity, pensions, brokerage accounting, interpreting a bank's financial statements, financial statement analysis, capital structure and corporate financing, fair value accounting, international financial reporting standards, and many others.
Q: For what area(s) of expertise have you been retained as an expert?
A: PRIOR EXPERT WORK
Expert Witness, Scott Douglass McConnico, LLP, Austin, Texas (2008). For Franchise Tax purposes, analyze U.S. GAAP rules for the impairment of assets under FAS 115, FAS 121, and FAS 144 (among others). Write a statement.
Expert Witness, Stroock & Stroock & Lavan, LLP, New York, NY (2008). Clarify the history of tax shelters and IRS procedures. Provide consulting services and prepare for testimony.
Expert Witness, United States Bankruptcy Court for the Eastern District of Louisiana, New Orleans, Louisiana (2006-Present). Wrote expert report, gave deposition, and testified regarding FASB Interpretation 46R and consolidated accounting. Qualified as an expert in accounting and accounting standards in federal court.
Expert Witness Reports, Department of the Treasury, New York, New York (September, 1997 to present). Wrote expert reports and rebuttals for two large tax cases that hinged on accounting issues, with up to $1 billion in taxes at stake. The issues involved cost allocation in a cross-jurisdictional context, derivatives, multinational accounting issues, and merger & acquisition accounting issues. Both cases focused on substance over form.
ACADEMIC PUBLICATIONS
W. Gentry, D. Kemsley, and C. Mayer, 2003, Dividend taxes and share prices: Evidence from real estate investment trusts, Journal of Finance, February, 2003.
D. Kemsley and D. Nissim, 2002, Valuation of the debt-tax shield, Journal of Finance, October, 2002. Finalist for the Brattle Prize.
T. Harris, R. G. Hubbard, and D. Kemsley, 2001, The share price effects of dividend taxes and tax imputation credits, Journal of Public Economics 79, 569 596.
J. Collins and D. Kemsley, 2000, Capital gains and dividend taxes in firm valuation: Evidence of triple taxation, The Accounting Review 75, 405 427.
T. Harris and D. Kemsley, 1999, Dividend taxation in firm valuation: New evidence, Journal of Accounting Research 37, 275 291.
J. Collins, D. Kemsley, and M. Lang, 1998, Cross jurisdictional income shifting and segment earnings valuation, Journal of Accounting Research 36, 209 229.
D. Kemsley, 1998, The effect of taxes on production location, Journal of Accounting Research 36, 321 341. Awards: American Taxation Association Dissertation Award, 1995; Columbia University Chazen Institute International Research Award, 1999.
J. Collins, D. Kemsley, and D. Shackelford, 1997, Zero taxable income of foreign controlled domestic corporations: Transfer price manipulation or low profitability? Journal of the American Taxation Association, Supplement, 68 83.
J. Collins, D. Kemsley, and D. Shackelford, 1995, Tax reform and foreign acquisitions: A microanalysis, National Tax Journal, 1 21.
PUBLISHED REVIEWS
D. Kemsley, 2001, comments regarding: The impact of transfer pricing on intrafirm trade (by Kimberly Clausing), in International Taxation and Multinational Activity, edited by James R. Hines Jr.
D. Kemsley, 2001, comments regarding: Permanently reinvested foreign earnings (by Linda Krull), Report of the University of Illinois Tax Symposium.
D. Kemsley, 2000, Book Review of Significant Current Issues in International Taxation, published in The International Journal of Accounting 35, 442-443.
BUSINESS EXPERIENCE
Manager, Coopers & Lybrand, San Francisco, California (March, 1987 to April, 1991). In charge of providing tax and investment consulting services to about eighty individual business executives. Researched technical tax issues. Taught national and local courses. Taught instructor training course on regular basis.
Manager, Financial Planning Department, U.S. Financial Consultants, Burbank, California (1984 1985). As a registered securities representative, was in charge of the firm's tax and investment planning activities, including the preparation of our clients' tax returns. Also acted as the controller of a West Virginia Coal Mining Corporation that our firm operated.
Certified Public Accountant, Cox and Company, CPA's , Farmington, New Mexico (1983 1984). Worked in both the tax and audit departments of the firm. Earned a CPA certificate from the State of New Mexico in April, 1984.
CHAIRED POSITIONS
Exxon Professor of Accounting, A. B. Freeman School of Business, Tulane University, 2004 – Present.
David W. Zalaznick Jr. Associate Chaired Professor of Business, Columbia Business School, 2001 - 2003.
HONORS AND AWARDS
Tulane University Professional MBA Teaching Excellence Award, Class of 2008. Honored by the graduating class of 2008 for teaching superiority.
Tulane University Teaching Honor Roll 2007. Selected as the top professor for the Master’s of Accounting program.
Tulane University Teaching Honor Roll 2007. Selected as the top professor for the MBA core courses.
Tulane University Executive MBA Teaching Honor Roll 2007. Selected as the top professor for the Executive MBA program.
Tulane University Teaching Honor Roll 2006. Selected as the top professor for the Master’s of Accounting program.
Tulane University Teaching Honor Roll 2004. Selected as the top MBA professor for both core and elective courses.
Singhvi Teaching Award for Scholarship in the Classroom 1999. Selected by the graduating Columbia Business School Class of 1999 as the top professor in their MBA program.
Columbia Business School Dean’s Annual Teaching Award 1998. Selected for excellence in teaching the core accounting MBA course.
Price Waterhouse Tax Fellowship 1998. Awarded on a competitive basis to two professors in the United States each year.
Kenan Flagler Business School Outstanding Ph.D. Student Award 1995. Selected as the top Ph.D. student at the Kenan Flagler Business School.
Kenan Flagler Business School Ph.D. Program Teaching Award 1994. Selected for excellence in teaching based on student evaluations and nominations.
Doctoral Fellowship, Deloitte and Touche, 1993 1994. Awarded on a competitive basis to ten accounting doctoral students nationwide.
American Accounting Association Doctoral Consortium Fellow, 1993.
Doctoral Scholarship, KPMG Peat Marwick, 1992. Awarded on a competitive basis to ten second year accounting doctoral students nationwide.
Doctoral Fellowship, AICPA, 1991. Awarded on a competitive basis to a select number of new doctoral students in accounting.
Portable Doctoral Fellowship, AACSB, 1991. Awarded on a competitive basis to fifteen new doctoral students in business.
William R. Kenan Fellowship, UNC Graduate School, 1991 1994. Awarded on a competitive basis to twelve new doctoral students in the University.
Presidential Fellowship, University of Kentucky, 1985 and 1986. Awarded on a competitive basis to ten graduate students in the University.
Summa Cum Laude, Brigham Young University, 1982. Awarded to students with grade point averages in the top one percent of the class.
