Pwc's Cfodirect Podcast

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We conclude our miniseries on consolidation accounting with an episode on identifying the primary beneficiary of a VIE, the reporting entity required to consolidate the VIE. In this episode, we discuss:3:15 – Determining which entity should consolidate the VIE6:07 – The primary beneficiary power criterion17:35 – The primary beneficiary economics criterion 21:17 – Related party impacts on the VIE model26:00 – Ongoing reassessment of the primary beneficiary For more information on this topic, read chapter 5 of our Consolidation guide. Also, for an overview of the consolidation framework, listen to the first two episodes in this miniseries, The consolidation framework – Getting started and The consolidation framework – Identifying a VIE. Additionally, follow this podcast on your favorite podcast app for episodes on other topics. Matt Sabatini is a partner in PwC's National Office who helps clients and engagement teams