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The consolidation framework - Identifying a VIE
We continue our miniseries on consolidation accounting and dive into the evaluation of variable interests and the characteristics of a variable interest entity (VIE).In this episode, we discuss: 1:24 – An overview of the VIE model 3:30 – Determining whether there is a variable interest 11:25 – Identifying “at-risk” equity 15:28 – Evaluating whether an entity is a VIE by assessing the following characteristics exist: 16:00 – Insufficient equity investment at risk 24:27 – Equity lacks decision making rights 34:40 – Equity with nonsubstantive voting rights 37:38 – Lack of obligation to absorb…
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