Consolidation
SFAS 167 amended FIN 46(R) in June 2009
FIN 46(R) revised FIN 46 in December 2003
FIN 46 was issued in January 2003 as an interpretation of ARB 51
FIN 46(R) revised FIN 46 in December 2003
FIN 46 was issued in January 2003 as an interpretation of ARB 51
SFAS 160 amended ARB 51 in December 2007
ARB 51 was issued in 1959
ARB 51 was issued in 1959
QSPE: Qualifying Special Purpose Entities
Before SFAS 167
–> FIN 46(R) did not apply to QSPE
–> FIN 46(R)-pr 4, QSPEs are not consolidated
SFAS 166 deleted the concept of QSPE from SFAS 140 in June 2009
SFAS 167 amended FIN 46(R) to delete the exception for QSPE in June 2009
Before SFAS 167
–> FIN 46(R) did not apply to QSPE
–> FIN 46(R)-pr 4, QSPEs are not consolidated
SFAS 166 deleted the concept of QSPE from SFAS 140 in June 2009
SFAS 167 amended FIN 46(R) to delete the exception for QSPE in June 2009
ARB 51, August 1959
“Consolidated Financial Statements”
“Consolidated Financial Statements”
SFAS 140, September 2000
“Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities – a replacement of FASB Statement of No. 125”
“Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities – a replacement of FASB Statement of No. 125”
SFAS 160, December 2007
“Noncontrolling Interests in Consolidated Financial Statements� an amendment of ARB No. 51”
“Noncontrolling Interests in Consolidated Financial Statements� an amendment of ARB No. 51”
SFAS 166, June 2009
“Accounting for Transfers of Financial Assets – An amendment of FASB Statement No. 140”
“Accounting for Transfers of Financial Assets – An amendment of FASB Statement No. 140”
SFAS 167, June 2009
“Amendments to FASB Interpretation No. 46(R)”
“Amendments to FASB Interpretation No. 46(R)”
FASB Interpretation 46(R), Revised in December 2003
“Consolidation of Variable Interest Entities – an interpretation of ARB No. 51”
“Consolidation of Variable Interest Entities – an interpretation of ARB No. 51”