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FASB Interpretation No. 46 of ARB No. 51 - Part 2: Rules of the Interpretation

Steven C. Fustolo

Interpretation No. 46 is built on the premise that an entity that provides the majority of financial support to another entity is acting as a "defacto owner" even if that primary beneficiary has no ownership in the VIE.

In this course, the author explains why the Interpretation expands the consolidation rules found in ARB No. 51.

Topics covered include:

  • Basic overview of the rules of Interpretation

  • Explanation of Requirement 1 for Consolidation of a VIE

  • Qualitative methods for determining the sufficiency of equity

  • Quantitative methods for determining the sufficiency of equity

  • Other factors in selecting VIE
Course Details
Price:  $50.00
Field of Study:  Accounting
Prerequisites:  FASB Interpretation No. 46 of ARB No. 51 - Part 1: The Old Rules of Consolidations and SPEs
Level:  Intermediate
Course was last updated on:  06/10/04
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Library:

Technical Requirements:
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Credit Available For: Units
CPE 3 CPE
QAS 3 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Raymond S. submitted on 07/08/2008
There were a good number of examples that explained concepts in detail
Reviewer: Diego P. submitted on 06/30/2008
na
Reviewer: James M. submitted on 06/30/2008
Gives several good examples
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