Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:public_company
accounting concept |
| gptkbp:abbreviation |
gptkb:VIE
|
| gptkbp:addressedTo |
FASB ASC 810-10
FASB Interpretation No. 46 (FIN 46) |
| gptkbp:commonIn |
structured finance
Chinese companies listed in the US |
| gptkbp:criticizedFor |
lack of transparency
potential for abuse |
| gptkbp:defines |
an entity in which an investor holds a controlling interest that is not based on the majority of voting rights
|
| gptkbp:example |
Alibaba Group VIE structure
Enron VIEs |
| https://www.w3.org/2000/01/rdf-schema#label |
Variable Interest Entities
|
| gptkbp:originatedIn |
gptkb:Enron_scandal
|
| gptkbp:primaryBeneficiary |
entity with the power to direct activities and absorb losses or receive benefits
|
| gptkbp:purpose |
to facilitate investment structures
to separate financial risk |
| gptkbp:regulates |
gptkb:Financial_Accounting_Standards_Board
FASB ASC 810 |
| gptkbp:relatedTo |
off-balance-sheet financing
consolidation |
| gptkbp:requires |
must be consolidated by the primary beneficiary
|
| gptkbp:riskFactor |
regulatory scrutiny
lack of investor control |
| gptkbp:usedFor |
cross-border investment
circumventing foreign ownership restrictions |
| gptkbp:usedIn |
financial reporting
|
| gptkbp:bfsParent |
gptkb:ASC_810
|
| gptkbp:bfsLayer |
7
|