FAS 140 QSPEs & FIN 46(R) VIEs (Q&Vs)
Overview:
The elimination of the concept of qualified special-purpose entities (QSPEs) from Standard No. 140 as well as the scope exception from FIN 46 (R) or Variable Interest Entities is likely at hand. This will consolidate an entity’s interest in a securitization trust to its financial statements. Banks, finance companies and other entities should have a thorough understanding of these revisions.The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help the public understand the impact of these changes to affected companies. The speakers will present their expert opinions in a two-hour LIVE webcast.
Agenda:
- FAS 140 Exposure Draft—Proposed Changes
- Removal of QSPE from the accounting literature
- Changes to sale accounting (paragraph 9) analysis
- Definition of participating interest
- FIN 46R Exposure Draft—Proposed Changes
- Determining the primary beneficiary
- Reconsidering VIE and PB Analysis
- Proposed FSP on FAS 140 and FIN 46R—Additional Disclosure Requirements
- Scope
- Purpose
- Effective Date and Transition Considerations
-Proposed timing of the Proposed Statements and Staff Position
- Similarities and Differences between IFRS and US GAAP
- Securitization (IAS 39)
- Consolidation (IAS 27 and SIC 12)
- Implementation Issues
Who Should Attend:
- Securitization Managers
- Accounting Managers
- Heads of Financial and Tax Reporting
- Auditors
- Attorneys
- Partners
- Associates
- From:
- Issuers
- Investors
- Servicers
- Trustees
- Underwriters of ABS, MBS and CDOs,
- Law Firms
- Accounting Firms
David is a Partner in Ernst & Young’s New York On Call Practice. In that capacity, David regularly works on …
David A. Augustyn Partner, Transaction Services – Accounting Advisory Group, Chicago BBA (accounting), University of Notre Dame; CPA; American Institute …
Contact: 350 South Grand Avenue, Los Angeles, CA 90071 Direct: (213) 688-1846 Email: aromo@deloitte.com Experience: Alicia is a Senior Manager …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
083786
Total Credits:
2.0 CLE
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3