The FASB's new consolidation guidance on variable interest entities (Statement 167, Amendments to FASB Interpretation No. 46(R)) goes into effect this quarter and impacts more than just companies who are in the financial services industry. Beyond being applicable to Qualifying SPEs for the first time, Statement 167 (which has now been included in the FASB Codification in Topic 810-10) requires reporting enterprises to re-evaluate many of its previous FIN 46(R) conclusions. Even if the re-evaluation does not result in a different conclusion than under FIN 46(R), the reporting enterprise may be required to provide a significant amount of new disclosures. In general, the implementation is proving to be very time consuming as implementation issues arise and preparers start thinking about how Statement 167 impact financial reporting and the reporting enterprises core business.
This webcast will cover the following when applying the new standard:
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard
CFOs and other accounting professionals will gain a deeper understanding of how the changes to consolidation requirements for variable interest entities will impact your company; how to apply the new standard to existing structures and future transactions; and how the standard will affect your company's financial reporting and core business. Sign up by clicking “Register” below - advanced registration is recommended as space is limited.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103945
Jamie Mayer, CPA
Senior Manager, Accounting Principles Consulting Group
(Former FASB Practice Fellow)
Adam L. Brown
National Accounting Department
Jay D. Hanson
Partner, National Director of Accounting
Louis Fanzini
Director of Technical Accounting and Research
Jamie Mayer, CPA, Senior Manager, Accounting Principles Consulting Group, (Former FASB Practice Fellow), Grant Thornton LLP,
Jay D. Hanson, Partner, National Director of Accounting, McGladrey & Pullen, LLP,
Adam L. Brown, National Accounting Department, BDO Seidman, LLP,
and
Louis Fanzini, Director of Technical Accounting and Research, Credit Suisse
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard
- Accountants
- CPAs
- CFOs
- Financial Analysts
- Finance Managers & Attorneys
- Securitization Practicing Attorneys and Consultants
- Financial Instruments and Credit Consultants
- Capital Markets and Corporate and Securities Consultants
- Senior Corporate Management
This is a must attend event for accounting professionals to hear and better understand the latest updates and developments surrounding Statement 167.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A