VIE Consolidation Model: Identifying Variable Interests and Entities Considered VIEs (Portfolio 5174)

Description

Bloomberg Tax and Accounting Portfolio 5174, VIE Consolidation Model: Identifying Variable Interests and Entities Considered VIEs explains and analyzes U.S. Generally Accepted Accounting Principles (GAAP) relating to the variable interest entity (VIE) consolidation model. The Portfolio discusses in detail the scope of the VIE consolidation model, the identification of variable interests and the identification of variable interest entities.

This Portfolio also provides detailed discussion of how variability is calculated for purposes of the VIE rules and how a reporting entity determines the purpose and variability that a legal entity was designed to create and pass along. The Portfolio includes several comprehensive examples on identification of a VIE as well as coverage of special issues relevant to VIEs.

This Portfolio is one of two Portfolios dedicated to coverage of VIEs. The second soon-to-released Portfolio focuses on the identification of the primary beneficiary of a VIE (the entity that is required to consolidate the VIE) and also provides detailed discussion of the reporting and disclosure rules applicable to any variable interest holder in a VIE.

This Portfolio may be cited as Bloomberg Tax and Accounting Portfolio 5174, Starczewski and Sebik, VIE Consolidation Model: Identifying Variable Interests and Entities Considered VIEs (Accounting Policy and Practice Series).

Table of Contents

I. Overview and Scope of Portfolio
II. Consolidation Models
III. Scope of VIE Consolidation Model
IV. Calculating Variability and Identifying Variable Interests
V. Identifying a Variable Interest Entity
VI. Special Issues Involving VIES