Financial Accounting Issues

Consolidation Accounting v2.0

This course examines the consolidation guidance in FASB’s Topic 810, Consolidation specifically focusing on the variable interest model (economic power) and the voting rights model (voting power). The course also addresses related topics including the definition of a business and the consolidation process.

Learning Objectives:

After completing this course, you should be able to:

  • Describe the accounting in FASB Codification Topic 810, Consolidation
  • Distinguish between consolidation based on economic power (VIE model) and based on voting power (majority ownership)


Prerequisites/Advanced Preparation:

None


Speaker / Author:

John M. Fleming, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros. John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education 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, a Pennsylvania CPA, 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-v2

Release Date : 12/22/2023
Expire Date : 08/31/2025
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 - Governmental

Theme : Financial Accounting Issues

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