What does it mean to vie for something?
What does it mean to vie for something?
intransitive verb. : to strive for superiority : contend, compete. transitive verb. archaic : wager, hazard also : to exchange in rivalry : match. Other Words from vie Synonyms Example Sentences Learn More About vie.
What is Vie in English?
To vie for something means to compete for it. English vie comes from the Latin verb meaning “to invite” as in to invite a challenge. Be careful of the spelling which includes an ie to y shift. “He intends to vie for the top prize,” but “He is vying for the top prize.”
How do I use vie?
vie (with somebody) (for something) She was surrounded by men all vying for her attention. The boys would vie with each other to impress her. They are all vying for a place in the team. vie (to do something) Screaming fans vied to get closer to their idol.
What is a VIE contract?
VIE Contract means any agreement, instrument or arrangement that constitutes, or forms part of, any contractual arrangements enabling a Group Member to exercise Control over a person (in respect of whom the Borrower does not beneficially own, directly or indirectly, more than half of its Equity Interests) (a “VIE …
What is a VIE structure?
The Variable Interest Entity (VIE) Structure: Almost every listed Chinese company we can buy outside of China is listed through a VIE structure. Through this structure investors (usually unwittingly) don’t actually own any part of the actual underlying Chinese company.
How does a VIE work?
Vacuum Insulated Evaporator (VIE) Oxygen is drawn off as needed, passed through a vaporiser and turned into a gas before it is piped to individual wards. A control panel regulates the flow of the gas from the VIE before it enters the hospital pipework.
How do you know if something is Vie?
Characteristics of a VIE The entity does not have enough equity to finance its activities without additional subordinated financial support. (e.g.: the entity is thinly capitalized) The equity holders, as a group, lack the characteristics of a controlling financial interest.
Is a VIE a type of SPE?
SPE is a special purpose entity… under GAAP if the SPE meets certain criteria (given below) then it is suppose to be consolidated (as opposed to bfr wen SPEs were off balnce sheet items) nd the SPE is called a VIE if it wud b consolidated.
What is the difference between SPE and vie?
SPE was used for anything with ‘special purposes’ in the past, now VIE refers to an entity that must be consolidated whereas QSPE does not need to be consolidated (US GAAP).
What does VIE and SPE stand for?
Variable Interest Entities (VIEs) and Special Purpose Entities (SPEs)
Is an entity a VIE?
A variable interest entity (VIE) may be any type of legal business structure created to protect the business from legal action by its creditors. A VIE may also be an accounting structure wherein the equity investors are unable to finance the working capital needs or operating costs of the business.
What is a special purpose entity in accounting?
A special purpose vehicle, also called a special purpose entity (SPE), is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.
How does the FASB define a VIE in other words how does an entity qualify to be a VIE?
A VIE is an entity that by design possesses the following characteristics: The equity investment at risk is not sufficient for the entity to finance its activities without additional subordinated financial support; or As a group, the holders of equity investment at risk do not possess: o 1.
What are entities under common control?
Entities that are consolidated by the same parent—or that would be consolidated, if consolidated financial statements were required to be prepared by the parent or controlling party—are considered to be under common control.
Is under common control with?
under common control with means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.
Why is it important to identify acquirer?
In any business combination it is important to identify the acquirer for accounting purposes (the ‘accounting acquirer’). This involves identifying the combining entity that has, in substance, obtained control of the other. The fair value exercise is performed on the assets and liabilities of the accounting acquiree.
What makes an entity a VIE?
A variable interest entity (VIE) refers to a legal business structure in which an investor has a controlling interest despite not having a majority of voting rights. Characteristics include a structure where equity investors do not have sufficient resources to support the ongoing operating needs of the business.
What is an ASC 805?
ASC 805-10-20 Defines a Business as: “An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return .” A business consists of inputs, processes and outputs . A company applies processes to its inputs to generate outputs desired by the market .
How does GAAP define control?
Accounting Standards Board, FRS no. 5, Reporting the Substance of Transactions , paragraph 8, defines control of another entity as the “ability to direct the financial and operating policies of that entity with a view to gaining economic benefits from its activities.”
What is an ASC 820?
FASB ASC 820 (ASC 820; formerly FAS 157) is an accounting standard established by the Financial Accounting Standards Board (FASB) that defines the notion of fair value, establishes a framework for measuring it and expands disclosures about fair value measurements.
What is the purpose of ASC 820?
FASB ASC 820 provides a fair value framework for valuing investments in plan financial statements, discusses acceptable valuation techniques, discusses inputs to valuation techniques, establishes a fair value hierarchy that prioritizes the inputs, and requires extensive financial statement disclosures about the …
What is the ASC 606?
ASC 606 is the new revenue recognition standard that affects all businesses that enter into contracts with customers to transfer goods or services – public, private and non-profit entities. Both public and privately held companies should be ASC 606 compliant now based on the 2017 and 2018 deadlines.
What is ASC valuation?
Ambulatory Surgery Center Valuation ASCs are typically valued for individual physician investment, the sale of the ASC to a management company and/or hospital buyer, and contribution to a joint venture via merger or other affiliation.
What is ASC Topic 320?
ASC 320 Investments — Debt and Equity Securities This Topic provides detailed guidance on the accounting and reporting of “investments in equity securities that have readily determinable fair values” and “all investments in debt securities.”
How do you value a surgery center?
A simple method of calculating your ASC’s value is to add your net income to the value of your tangible assets and then subtract your liabilities, but if you’re interested in selling your surgery center, the term “value” takes on a whole new meaning and the calculations become more complex and less defined.
Is Cash Level 1 an asset?
Level 1 assets include listed stocks, bonds, funds, or any assets that have a regular mark-to-market mechanism for setting a fair market value. These assets are considered to have a readily observable, transparent prices, and therefore a reliable fair market value.
What are 3 types of assets?
Common types of assets include current, non-current, physical, intangible, operating, and non-operating….Examples of assets include:
- Cash and cash equivalents.
- Accounts Receivable.
- PPE (Property, Plant, and Equipment)
What are Level 1 and Level 2 assets?
Level 1 — Observable inputs that reflect quoted prices (unadjusted) in active markets for identical assets and liabilities; Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and.
How do you value Level 2 assets?
Level 1 assets, such as stocks and bonds, are the easiest to value, while Level 3 assets can only be valued based on internal models or “guesstimates” and have no observable market prices. Level 2 assets must be valued using market data obtained from external, independent sources.