Heads Up: Guidance on Statement 167 Implementation IssuesVolume 16, Issue 37 |
The attached issue of Heads Up discusses key implementation issues associated with the adoption of FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R). When Statement 167 was first issued, many hoped that its qualitative approach to determining which party consolidates a variable interest entity would decrease the analysis necessary for determining whether an entity should be consolidated. However, with Statement 167’s effective date now fast approaching, it is clear that analysis is no easy task.
Read more in the file attached below or visit the Heads Up Archive for past issues.
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