Variable Interest Entity Consolidation Rules: Not Just A Big Company Issue!

FIN 46R, part of FASB ASC 810, Consolidation, is not just an “Enron-Big Company issue”; it is also a major area of concern for private and small companies.  This course reviews the complex consolidation rules for off-balance-sheet entities now known as variable interest entities (VIEs).  learn how to determine whether an entity, regardless of its size, is a VIE, what are the types of variable interests, and how to identify the primary beneficiary that consolidates the VIE. The course also covers common areas that companies need to consider under FIN 46R including the consolidation of real estate entities.

Objectives: 

• Understand VIE consolidation rules
• Understand that entities and/or individuals must have variable interests in the VIE
• Determine the primary beneficiary of the VIE
• Understand the rules for testing VIEs
• Understand the background of consolidations

Prerequisite: None

Advanced Preparation: None