Consolidation of Variable Interest Entities: Applying the Provisions of Fin 46 (R)

22 Pages Posted: 30 Sep 2005

See all articles by Alan Reinstein

Alan Reinstein

Wayne State University

Gerald Lander

University of South Florida - College of Business

Stephen Danese

University of South Florida - College of Business

Date Written: September 30, 2005

Abstract

Financial Accounting Standards Interpretation [FIN] No. 46 (R) provides guidance for investors, sponsors and transferors in ascertaining which variable interest entities should form part of relevant parties' financial statements. Given the complexity of this authoritative pronouncement, we show how a consultant, using an organized approach, helped a CPA firm adhere to this new pronouncement. The appended exhibits and associated explanations should help CPAs implement these provisions and provide guidance for helping companies and clients conform to these complex accounting pronouncements.

Keywords: Variable Interest Entities

Suggested Citation

Reinstein, Alan and Lander, Gerald and Danese, Stephen, Consolidation of Variable Interest Entities: Applying the Provisions of Fin 46 (R) (September 30, 2005). Available at SSRN: https://ssrn.com/abstract=815745 or http://dx.doi.org/10.2139/ssrn.815745

Alan Reinstein (Contact Author)

Wayne State University ( email )

School of Business
Detroit, MI 48202
United States
248-357-2400 (Phone)
313-577-4530 (Fax)

Gerald Lander

University of South Florida - College of Business ( email )

St. Petersburg, FL 33705
United States

Stephen Danese

University of South Florida - College of Business ( email )

St. Petersburg, FL 33705
United States

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