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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.