Webcast: Consolidation Accounting 26-27

Overview

Consolidations have always been a complex topic in accounting. This course will discuss the requirements to consolidate and private company options. It will cover which entities need to consolidate and include an in-depth discussion on variable interest entities (VIEs). It will also cover the FASB’s recent revisions to the Financial Accounting Concepts (FACs) chapter on entities.

Highlights

Consolidation accounting framework Voting control  Variable Interest Entities Business combinations Control case examples Business combination case examples Disclosures

Prerequisites

None.

Designed For

CPAs and other financial professionals in public and private practice.

Objectives

Understand when control exists requiring consolidation Recognize how to identify a VIE and when it may be appropriate for a non-public entity to elect out of consolidating Determine how a consolidated financial statement is presented and how to identify the need for eliminating entries

Preparation

None.