Financial Reporting Issues

Consolidation Accounting

This course begins by looking at the general topic of a consolidation framework. The FASB has proposed revising existing consolidation guidance under Topic 810 as the proposed Topic 812. This course examines the three main sections of proposed Topic 812. It continues by examining the two models used to consolidate a reporting entity's financial statements, and by distinguishing between consolidation based on control and consolidation based on majority ownership.

Learning Objectives:

  • Identify and describe the two consolidation models used to consolidate a reporting entity's financial statements.
  • Distinguish between consolidation based on control (VIE accounting) and based on majority ownership.


Prerequisites/Advanced Preparation:

None.


Speaker / Author:

John M. Fleming, CPA/MBA, licensed as a CPA in Pennsylvania, has served as the Director of Content Development for Kaplan Financial Education, powered by SmartPros, and also as President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute. John retired on October 1, 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education, powered by Loscalzo Institute, on a part-time basis.

John's prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE53

Release Date : 08/12/2021
Expire Date : 08/31/2023
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Reporting Issues

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