Skip to main content
Article thumbnail
Location of Repository

Variable Interest Entities

By Fasb Statement No and Accounting For Sales Leasebacks

Abstract

An entity (lessee) is involved on behalf of an owner-lessor with the construction of an asset that will be leased to the lessee when construction of the asset is completed. Various forms of the lessee's involvement during the construction period raise questions about whether the lessee is acting as an agent for the owner-lessor or is, in substance, the Copyright © 2010, Financial Accounting Standards Board Not for redistribution Page 1owner of the asset during the construction period. The lessee's involvement during the construction period may include (1) being obligated to begin making lease payments regardless of whether the project is complete (a "date-certain " lease), (2) guaranteeing the construction debt or providing construction financing either directly or indirectly, (3) being primarily or secondarily obligated on construction contracts, (4) serving as a

Year: 1997
OAI identifier: oai:CiteSeerX.psu:10.1.1.353.5182
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.