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Overview of FASB Statement No. 94

7/3/2002  ·  by FASB  ·  Securitization Accounting Issues  ·  Research and Background Documents

On July 1, 2002, the FASB issued a proposed interpretation of Accounting Research Bulletin No. 51, Consolidated Financial Statements, and FASB Statement No. 94, Consolidation of All Majority-Owned Subsidiaries, that would address the consolidation of special-purpose entities (SPEs). The FASB's project on SPEs is part of a major project on consolidations that has been on the FASB's agenda for about 20 years.

Tags: FASB 94  ·   FAS 94  ·   consolidatin  ·   spe  ·   cmbs  ·   qspe  ·