Identify fact patterns that may give rise to a Dual Consolidated Loss;Recognize triggering events that may give rise to Dual Consolidated Loss Recapture;Identify certain exceptions to triggering events;Apply Dual Consolidated Loss reporting requirements;Determine what is considered a Qualified Business Unit (QBU) under §989;Determine functional currency for foreign entities under §985;Recognize the complexities of branch and disregarded entity (DRE) currency transactions under §987;Explain currency translation rules under §986;Identify a section 988 transaction;Identify the various types of international reporting forms and how they apply to given situations;Identify when special transactional disclosures are required;Complete Forms 5471, 8858, 8865, and 926;Identify the consequences of non-compliance

Identifying applicability;Calculating DCL;Triggering events;Compliance;Sections 987, 988, 989, 986(c);Forms 5471, 8858, 8865, 926;Transactional disclosures