FASB weighs GAAP alternative regarding VIE consolidation

08/7/2013 | Journal of Accountancy online

The Financial Accounting Standards Board has voted to propose an alternative within generally accepted accounting principles for private companies that would relieve them of variable-interest-entity consolidation requirements for common-control leasing arrangements. VIE consolidation is considered by many to be one of the most costly and irrelevant requirements in GAAP for small-business owners.

View Full Article in:

Journal of Accountancy online