:onsolidations and Off-Balance Sheet Manipulations true to Enron's abuse of the SFE [Special Purpose Entities) regulations, the SEC and the PASS nave promulgated changes to the consolidation of accounting standards. Business combination and consolidation standards greatly aect the degree to which a company can use off-balance sheet manipulations. While the different consolidation methods have no real economic advantage to companies. the methods do have varying impacts on financial statements. Read the case study, Which Firm Would You Invest in First (located in the Week 8 Resources area}1 and consider my a company might use offbalance sheet manipulations. Consider the \"ole of the accountant in providing stakeholders with the most accurate financial data on a :ompany. Thinlc about the impact off-balance sheet manipulation has on the financial statements of companies who are consolidating resources. Consider consolidation theories and "effect on the extent to which a company should use off-balance sheet manipulation during company consolidation. With these thoughts in mind