Accounting for Variable Interest Entities
Learning objectives

After completing this course, the learner should be able to:

  • Explain how to identify and define a variable interest entity and primary beneficiary.
  • Discuss how to consolidate a variable interest entity.
  • Describe fair presentation and disclosure requirements.
  • Discuss simplifications within U.S. GAAP available to nonpublic entities.
jennifer louis bio pic

Instructor bio

Jennifer F. Louis, CPA, has over 25 years of experience in designing and instructing high quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc. Jennifer started her career in Audit for Deloitte & Touche LLP. Jennifer graduated summa cum laude from Marymount University with a B.B.A.-Accounting.

What is a variable interest entity? 

In a variable interest entity, an investor has a controlling interest or influence, but may not have majority voting rights. Instead, contractual arrangements establish control. Variable interest entities are subject to specific rules to ensure accurate financial reporting, addressing situations where traditional consolidation methods may not reflect the economic reality of the relationship. 

Who is this course for? 

Accounting for Variable Interest Entities does not require any prerequisites or advanced preparation, though accountants and financial professionals who take this course should have a intermediate knowledge level the subject.

National Registry of CPE Sponsors

A Becker Professional Education 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 submitted to the National Registry of CPE Sponsors through its website:

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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