CPE Online Course Detail


Variable Interest Entities - The New Rules

Price :   $79.95
CPE Credits :   12.0
Course Code :   A012-0258
Category :   Accounting and Auditing
  

Description:
This course presents the consolidation of variable interest entity rules found in ASC 810, Consolidation ( previously found in FASB Interpretation No.46R, Consolidation of Variable Entities-An Interpretation of ARB No. 51, as amended by FASB No. 167, Amendments to FASB Interpretation No. 46R (FIN 46R)), in a comprehensive format. Following the review of the old rules for consolidation of special purpose entities (SPEs) and the background on consolidations are the general rules of FIN 46R. These include the application of FIN 46R and the special exemptions from FIN 46R. The basic rules of FIN 46R, which include three requirements, are covered in complete detail throughout the remaining course material.


Delivery Method: Interactive Self-Study


Level: Overview


Prerequisites: None


Advanced Preparation: None


Policies: Click here


Author: Steven C. Fustolo


Category: Accounting and Auditing


Field of Study: Accounting


Passing Score: 70%


Publication Date: 02/28/2013


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Objectives:
Section 1:      
1. Recognize consolidated vs. combined statements
2. Identify a variable interest entity
3. Recognize how the consolidation rules apply to a controlling financial interest
4. Identify some of the special exemptions found in FIN 46R
5. Identify the elements of a business


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NASBA: Yes


QAS: Yes


CPA: Suitable for all CPAs


IRS: Enrolled Agents Program Number




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