Consolidations (advanced)
Area 2: Technical Accounting and Reporting (35-45%)
Your Progress
0 of 49 questions attempted
Topics
- Variable interest entities
- Intercompany profit eliminations
- Changes in ownership interests
Lessons
Study Frameworks
VIE Primary Beneficiary Determination
Does the entity have power to direct the activities that most significantly affect the VIE's economic performance?
Yes
Does the entity have the obligation to absorb losses or the right to receive benefits that could be significant to the VIE?
Yes
Entity is the primary beneficiary — must consolidate the VIE
No
Not the primary beneficiary — do not consolidate (disclose involvement)
No
Not the primary beneficiary — do not consolidate (disclose involvement)