[click to return to the previous page]

FASB Interpretation No. 46 of ARB No. 51 - Part 3: Requirements for Consolidation

Steven C. Fustolo

This course provides detailed descriptions of the two requirements for consolidation:

  • Requirement 2: Entities and/or individuals must have variable interests in the VIE

  • Requirement 3: Determining the primary beneficiary of the VIE

In Part 3 of this series, the author explains why the first requirement for consolidation must be a VIE. Once it is identified as a VIE, the second requirement is to identify the entities and/or individuals that provide financial support to the VIE. The third and final requirement to consolidating a VIE is to identify the primary beneficiary of the VIE. Practical examples and comparison charts are included in the course.
Course Details
Price:  $50.00
Field of Study:  Accounting
Prerequisites:  Part 1: The Old Rules for Consolidations and SPEs, Part 2: Rules of the Interpretation
Level:  Intermediate
Course was last updated on:  07/07/04
[click to buy this course]
Library:

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
[click to download acrobat reader]
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: Nasim S. submitted on 08/17/2007
Easy to navigate.
Reviewer: Katherine R. submitted on 04/02/2007
very easy to navigate
Reviewer: Rashida A. submitted on 05/19/2006
clear examples and detailed simplified explanations of the complex concepts
[click to buy this course]