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FIN 46(R) became effective for nonpublic companies with annual reporting periods beginning after December 15, 2004, and is effective immediately for ...
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www.lorman.com/newsletters/article.php?article_id=427&n...
www.lorman.com/newsletters/article.php?article_id=427&newsletter_id=89&category_id=6
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FEDERAL RESERVE BANK OF NEW YORK 2 Implementation of FIN 46; October 22, 2003; Reporting on the Weekly Reports; FR 2900 and FR 2950/51; ... Reporting should begin with the report date following the effective date and not deferred to the quarter-end date. Deferral of FIN 46;
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www.newyorkfed.org/banking/reportingforms/fin46.pdf
www.newyorkfed.org/banking/reportingforms/fin46.pdf
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The Web's most comprehensive resource on securitization, securitisation, structured finance ... FIN 46: Interpretation on Variable Interest Entities ... In such cases, consolidation based on equity does not serve the purpose of effective reporting.
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www.vinodkothari.com/fin46.htm
www.vinodkothari.com/fin46.htm
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FIN 46: consolidation of variable interest entities under US GAAPs: ... FIN 46 is, therefore, an exception to the normal accounting rule requiring consolidation based on voting control. A new term was coined for this purpose: variable interest entites to which the new consolidation rule would be applicable.
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www.vinodkothari.com/fin46vk.htm
www.vinodkothari.com/fin46vk.htm
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Summary of Interpretation No. 46 ... Transferors to qualifying special-purpose entities and "grandfathered" qualifying special-purpose entities subject to the reporting requirements of FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, do not consolidate...
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www.fasb.org/st/summary/finsum46.shtml
www.fasb.org/st/summary/finsum46.shtml
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The objective of Interpretation 46 is not to restrict the use of variable interest entities but to improve financial reporting by companies involved with variable interest entities.
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www.fasb.org/news/nr011703.shtml
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As an educator, I find the following chart interesting because it illustrates the hopelessness of applying the new 2003 FASB Interpretation 46 (FIN 46) that requires tracing out the ultimate risks in deciding whether to consolidate SPEs (that are now called VIEs by the FASB).
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www.trinity.edu/rjensen/theory/00overview/speOverview.h...
www.trinity.edu/rjensen/theory/00overview/speOverview.htm
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In the remainder of the study we examine the actions taken by ABCP sponsors to ameliorate the financial reporting effects of FIN 46. IV. Hypotheses; Conventional wisdom suggests that corporations avoid reporting leverage to investors.
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home.business.utah.edu/actmp/wconf05/BensMonahan_Utah.p...
home.business.utah.edu/actmp/wconf05/BensMonahan_Utah.pdf
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46 (FIN 46) Consolidation of Variable Interest Entities an Interpretation of ARB No. 51. By matching commercial paper investors with corporations seeking liquidity, ABCP sponsors facilitate a significant amount of short-term, securitized financing in the U ... Managing Transition to International Financial Reporting Standards...
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jobfunctions.bnet.com/abstract.aspx?docid=237051
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