IFIN
IMPLEMENTING FIN #46R: A PRACTICAL, FIVE-STEP APPROACH TO SPES AND VIES
Objective:
To provide the CPA with a straightforward account of what the FASB is
trying to accomplish in its accounting for SPEs/VIEs (FIN No. 46). Particular
emphasis will be placed on implementing this pronouncement for closely
held businesses.
Major
topics include:
- How abusive reporting
practices undermined the quality of financial reporting
- How consolidation
under ARB No. 51 is affected by Interpretation No. 46
- How to identify
SPE arrangements in closely held firms
- What are variable
interests? Practical examples
- How to analyze
funding, operations, risks, and rewards in VIE arrangements
- Alternatives and
exceptions to consolidation for closely held businesses
- Measurement and
disclosure provisions under FIN No. 46.
Designed
for: Accountants in public practice and
industry who deal with accounting for SPEs and need to advise clients
on meeting requirements caused by newly issued accounting standards that
may be difficult to understand and implement
Prerequisites: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Price: $39
Credit Hours: 2
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