Variable

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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: 1.75 - 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
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Variable Interest Entities LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


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



Grant Thornton LLP
Jamie Mayer, CPA
Senior Manager, Accounting Principles Consulting Group
(Former FASB Practice Fellow)
                         speaker bio »»

McGladrey & Pullen, LLP
Jay D. Hanson
Partner, National Director of Accounting
speaker bio »»

BDO Seidman, LLP
Adam L. Brown
National Accounting Department
speaker bio »»

Credit Suisse
Louis Fanzini
Director of Technical Accounting and Research
speaker bio »»

Who Should Attend?

- 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

Why Attend?

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

Registration Information:                                                                                                                                    


 

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


What you Need to Know About the New Standard on Variable Interest Entities LIVE Webcast
Speaker Firms:








 

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We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

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.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

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The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

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Enrolled Agents Sponsor ID Number: 760

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