Accounting: Understanding the Consolidation of Variable Interest Entities Rules (12 Hrs)
(MCONS)

This course presents FASB Interpretation No.46R, Consolidation of Variable Entities-An Interpretation of ARB No. 51, as amended by newly issued 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. Purchase the printed text for this course