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CPE BY JOSEF RASHLY, M.S., CPA, AND JOHN OSHAUGHNESSY, Ph.D., CPA The Consolidation and Consolidation of Variable Interest Entities An Illustrative Exercise CPE Restudy Curriculum: Accounting and
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Form consolidation is the process of combining multiple forms or documents into one, while deconsolidation is the opposite - breaking down a consolidated form into its separate parts.
Any individual or entity that has consolidated forms or documents that need to be separated or vice versa is required to file form consolidation and deconsolidation.
Form consolidation and deconsolidation can be filled out by following the specific instructions provided on the form itself, which typically require listing the documents to be consolidated or deconsolidated.
The purpose of form consolidation and deconsolidation is to streamline record-keeping and document management processes by combining or separating relevant information.
The information required to be reported on form consolidation and deconsolidation typically includes the relevant form or document numbers, dates, and specific details about the consolidation or deconsolidation process.
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