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VIEs shift billions back to the bottom line
Author(s) -
Bean LuAnn,
Jarnagin Bill
Publication year - 2004
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20072
Subject(s) - restructuring , spark (programming language) , balance sheet , business , shock (circulatory) , balance (ability) , accounting , finance , computer science , psychology , medicine , programming language , neuroscience
Variable interest entities (VIEs), recently established by the FASB, force companies to hit their balance sheets with huge amounts of assets and liabilities. Exactly what are VIEs, and why is the FASB doing this? Is it a bold move to spark investor confidence or an unwise shock to the market? And what will the effect be on corporate restructuring and mergers? © 2004 Wiley Periodicals, Inc.