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FASB Interpretation No. 46 of ARB No. 51 - Part 1: The Old Rules for Consolidations and SPEs

Steven C. Fustolo

Interpretation No. 46 was issued in December 2003 and replaces the original Interpretation No. 46 that was issued in January 2003. The author discusses how the consolidation rules worked prior to the issuance of Interpretation No. 46. Following a review of the consolidation rules is an analysis of the new Interpretation No. 46 requirements.

Topics covered include:

  • Background of Interpretation No. 46
  • VIE definition
  • General rules of Interpretation No.46
  • Special exemptions from Interpretation No. 46

Course Details
Price:  FREE
Field of Study:  Accounting
Prerequisites:  None
Level:  Intermediate
Course was last updated on:  07/25/05
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 2 CPE
QAS 2 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: Peggy B. submitted on 08/19/2008
relevancy to my current job responsibilities
Reviewer: Ron P. submitted on 06/23/2008
The study questions throughout.
Reviewer: Clarence M. submitted on 06/10/2008
The questions
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