JN CPE Courses
JN Productions CPE Courses - PO Box 293024 - Lewisville, TX 75029
Phone (800)479-5636 Fax (443)222-0698
JN Productions is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the web site: www.nasba.org
About the Author:
STEVEN C. FUSTOLO, CPA
STEVEN C. FUSTOLO, CPA
Mr. Fustolo is a partner with the Boston CPA firm of James J. Fox & Company and Director of the National Tax Institute, Inc. He is a frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles are regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, and FASB, SSARS and SAS Update and Review and numerous other books and manuals. He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for scores received on the CPA Examination.
Course #F050 Printed Book ONLY
$20.00
Order the book only:
-If you do not need CPE credit but are looking for excellent reference material.
-If you have already ordered the online course or the Mega CPE Special and now want to order the printed book. (No CPE credit is available if you have not ordered the complete course).
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Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive an e-mail with course access instructions.
Format: Online pdf text (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Basic
CPE Credit: 12 Hrs. Accounting
Price without printed book: $117
Price with printed book: $137 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description: This course presents FASB Interpretation No.46R, Consolidation of Variable Entities-An Interpretation of ARB No. 51, as amended by newly issued FASB No. 167, Amendments to FASB Interpretation No. 46R (FIN 46R),–in a comprehensive format. Following the review of the old rules for consolidation of special purpose entities (SPEs) and the background on consolidations are the general rules of FIN 46R. These include the application of FIN 46R and the special exemptions from FIN 46R. The basic rules of FIN 46R, which include three requirements, are covered in complete detail throughout the remaining course material.
Prerequisites: None
Level: Basic
CPE Credit: 12 Hrs. Accounting
Price without printed book: $117
Price with printed book: $137 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description: This course presents FASB Interpretation No.46R, Consolidation of Variable Entities-
Objectives:
Describe when to use consolidations vs. combined statements;
Define a variable interest entity;
List the four exemptions from FIN 46R’s application.
List the three requirements for applying FIN 46R;
Select the qualitative and quantitative methods to demonstrate sufficiency of equity;
Explain when an entity is a VIE;
Learn who must perform the VIE test and when VIE status must be reconsidered;
Recognize when a company has attempted to abuse the reconsideration loophole;
Identify those parties that hold variable interests in the VIE;
Define a variable interest;
Explain types of variable interests and their variability;
Define a primary beneficiary;
Recognize when lessees should consolidate a lessor;
Identify when there is an implicit variable interest;
Perform the initial test for consolidation using the look-back approach;
Perform the initial test for consolidation as of the implementation date; and
Learn how to avoid the consolidation rules under FIN 46R.
This course is included in our Mega CPE Special