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PPC's Guide to Related Parties (including Variable Interest Entities)

PPC's Guide to Related Parties (including Variable Interest Entities)

Product Information

  • Frequency of Updates:

    Updated annually
  • Brand:
    Practitioners Publishing

Format

Price

Quantity

Book
Product Code:
RPVP
$380.00

Contact Your Account Manager to learn more about our Checkpoint online solutions

Focuses on issues relevant to small and midsize nonpublic entities.

PPC's Guide to Related Parties (Including Variable Interest Entities) addresses issues commonly associated with accounting for and disclosing related-party transactions, specifically focusing on accounting for variable interests in variable interest entities (VIEs).

Don't assume GAAP for variable interest entities (VIEs) doesn't apply to your clients. It deals with contractual and ownership interests (direct and indirect) and related party relationships commonly found in small and midsize nonpublic entities.

If your client has a relationship with an entity that is a business and any of the following conditions are met, the relationship should be be evaluated further to determine if GAAP related to VIEs applies:

  • The client or its related parties participated significantly in designing or redesigning the entity.
  • The entity is designed so that substantially all of its activities involve, or are conducted on behalf of, the client and its related parties.
  • The client and its related parties provide more than half of the equity investment and similar forms of subordinated financial support for the entity.
  • The entity's activities are primarily related to single-lessee leasing arrangements or securitizations.

Even if consolidation isn't required, additional financial statement disclosures may be required.

This Guide walks you step-by-step through this complex area. It is loaded with practical guidance, detailed case studies, extensive examples, and numerous flowcharts that will save you hours of research time and give you the knowledge you need to confidently and competently understand and address the difficulties of accounting for VIEs. If you compile, review, prepare or audit the financial statements of entities with significant related party transactions, you can't afford to be without this Guide.

  • Related Parties (including VIEs)
    • INTRODUCTORY MATERIAL
    • Chapter 1 Related-Party Transactions
    • Chapter 2 An Overview Of Accounting for Variable Interests in Variable Interest Entities
    • Chapter 3 Potential Variable Interests
    • Chapter 4 Identifying Variable Interest Entities
    • Chapter 5 Calculating Expected Losses and Expected Residual Returns
    • Chapter 6 Consolidation And Disclosure of Variable Interest Entities
    • INDEX
      • --A--
      • --B--
      • --C--
      • --D--
      • --E--
      • --F--
      • --G--
      • --I--
      • --L--
      • --M--
      • --N--
      • --O--
      • --P--
      • --R--
      • --S--
      • --V--
  • PPC's Guide to Related Parties - List of Substantive Changes and Additions View

DESCRIPTION

Contact Your Account Manager to learn more about our Checkpoint online solutions

Focuses on issues relevant to small and midsize nonpublic entities.

PPC's Guide to Related Parties (Including Variable Interest Entities) addresses issues commonly associated with accounting for and disclosing related-party transactions, specifically focusing on accounting for variable interests in variable interest entities (VIEs).

Don't assume GAAP for variable interest entities (VIEs) doesn't apply to your clients. It deals with contractual and ownership interests (direct and indirect) and related party relationships commonly found in small and midsize nonpublic entities.

If your client has a relationship with an entity that is a business and any of the following conditions are met, the relationship should be be evaluated further to determine if GAAP related to VIEs applies:

  • The client or its related parties participated significantly in designing or redesigning the entity.
  • The entity is designed so that substantially all of its activities involve, or are conducted on behalf of, the client and its related parties.
  • The client and its related parties provide more than half of the equity investment and similar forms of subordinated financial support for the entity.
  • The entity's activities are primarily related to single-lessee leasing arrangements or securitizations.

Even if consolidation isn't required, additional financial statement disclosures may be required.

This Guide walks you step-by-step through this complex area. It is loaded with practical guidance, detailed case studies, extensive examples, and numerous flowcharts that will save you hours of research time and give you the knowledge you need to confidently and competently understand and address the difficulties of accounting for VIEs. If you compile, review, prepare or audit the financial statements of entities with significant related party transactions, you can't afford to be without this Guide.

TABLE OF CONTENT

  • Related Parties (including VIEs)
    • INTRODUCTORY MATERIAL
    • Chapter 1 Related-Party Transactions
    • Chapter 2 An Overview Of Accounting for Variable Interests in Variable Interest Entities
    • Chapter 3 Potential Variable Interests
    • Chapter 4 Identifying Variable Interest Entities
    • Chapter 5 Calculating Expected Losses and Expected Residual Returns
    • Chapter 6 Consolidation And Disclosure of Variable Interest Entities
    • INDEX
      • --A--
      • --B--
      • --C--
      • --D--
      • --E--
      • --F--
      • --G--
      • --I--
      • --L--
      • --M--
      • --N--
      • --O--
      • --P--
      • --R--
      • --S--
      • --V--

RELATED RESOURCES

  • PPC's Guide to Related Parties - List of Substantive Changes and Additions View