Consolidation accounting has changed significantly during recent years due to theintroduction of the concept of variable interest entities (FIN 46). Today, consolidationcan occur based on control other than majority ownership as well as one companyhaving majority ownership of another, creating additional complexity for consolidationaccounting and disclosures. Since 2009, FASB has issued nine ASUs in an attemptto clarify the accounting for consolidations. This program addresses consolidationrequirements based on the FASB guidance in Topic 810, Consolidation.In addition, the accounting for a business combination has also changed due to theissuance of FASB 141, Business Combinations, which changed the accounting for anacquisition from purchase accounting to acquisition accounting. This program willaddress acquisition accounting based on the FASB guidance in Topic 805, BusinessCombinations.
CPAs, accountants, and financial professionals in industry and public practice.
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