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Previously Titled: Variable Interest Entity Consolidation Rules: Not Just A Big Company Issue!
ASC 810 (previously FIN 46R) is a major area of concern for private and small companies, not just large companies like AIG or Bear Sterns. You will learn the complex consolidation rules for off-balance sheet entities known as variable interest entities (VIE), how to determine a VIE, and types of VIEs. You will also learn how to identify the primary beneficiary that consolidates the VIE and cover common areas needed for consideration under ASC 810.
This course increases your knowledge of the rules and the identification factors regarding VIEs so that you are in compliance with ASC 810. You will be well prepared to provide the accurate consolidated financial statements of the businesses.
Advanced Preparation: None