Course Information

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Identifying Variable Interests in a VIE and Determining the Primary Beneficiary: FASB ASC Topic 810
Author: Steven C. Fustolo, CPA

Description:
In June 2009, the FASB issued FAS 167, Amendments to FASB Interpretation No. 46R (now codified as part of FASB ASC Topic 810) in order to improve the application of certain provisions found in FIN 46R relating to variable interest entities (VIEs). This course reviews those provisions including information regarding what is required for consolidation, what constitutes a variable interest, and more.

Upon completion of this course, the professional will be able to do the following:

  • Define a variable interest
  • Determine whether an entity has an interest in a VIE
  • Describe the primary beneficiary of a VIE
  • Determine who is the primary beneficiary in a VIE
  • List the disclosure requirements under FIN 46R (FASB ASC 810)
  • Note the effective date and transition requirements of FIN 46R (FASB ASC 810)

Course Details:
Price:  $68.00
Field of Study:  Accounting
Prerequisites:  Determining Whether An Entity is a VIE course or basic knowledge of accounting and finance
Level:  Overview
Advanced Preparation:  None
Course was last updated on:  09/29/10
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Library:
Learning Center Core

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.
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Credit Available For: Units
CPE 4.0 CPE
QAS 4.0 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.

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