VIEs & Consolidations: Special Accounting Rules


The consolidation of off-balance sheet entities has always been the focus of intense scrutiny by both the FASB and SEC. With the issuance of FASB’s ASU 2015-2 Consolidation (Topic 810), the accounting rules related to VIEs have undergone a dramatic change. This seminar explores the complex world of VIE accounting and will enable you to:

  • Understand the different consolidation models
  • Apply probability weighting to different cash flow scenarios
  • Determine whether an organization qualifies as a VIE
  • Learn about the latest changes to VIE accounting



To help financial professionals avoid the pitfalls and develop a working understanding of FASB’s consolidation framework, including majority stock ownership issues, noncontrolling interests and VIEs. You’ll learn how to determine whether an entity is a VIE and if it should be consolidated. This seminar will also update you on the recent changes to consolidation guidance for certain legal entities from FASB’s ASU 2015-2 Consolidation (Topic 810).

  • Understand how the expanded consolidation standards arose
  • The impact of noncontrolling interests in consolidation
  • Determining which consolidation model, if any, is appropriate for an entity
  • How to apply the new guidance from ASU 2015-2 Consolidation (Topic 810)
  • Applying the principles of probability-weighted cash flow assessments (Concept Statement 7) to determine expected losses and residual returns
  • What is variability in an entity and what interests are affected by that variability
  • Explore the complexities of VIE accounting with real-world examples
  • The new VIE qualitative assessment requirement
  • Determining the primary beneficiary
  • Reconsideration events and disclosure requirements
  • Investments in assets and SILOs
  • What is an implicit variable interest?

Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: