A variable interest entity (VIE) is a structure frequently used for off-balance sheet financing. VIEs have become
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a. Briefly explain what is meant by off-balance sheet financing.
b. What are three techniques used to keep debt off the balance sheet?
c. What are some legitimate uses of VIEs?
d. How can VIEs be used to manage earnings to meet financial reporting goals? How does this relate to the importance of following the intent of the guidelines for consolidations?
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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