47 ASC 810 CONSOLIDATIONS
Special-Purpose Entities and Variable Interest Entities
GAAP treatment of special-purpose entities
Example of expected variability of cash flows
Initial determination of VIE status
Determination and redetermination of whether an interest holder is the primary beneficiary
Related-party considerations in determining the primary beneficiary
Initial measurement with common control
Initial measurement absent common control
Example of consolidation of a VIE
Example of an implicit variable interest
Example of application of ASC 810-10-25 to a synthetic lease
Changing or eliminating differences in fiscal year-end
Partnerships and similar entities
Limited liability companies that maintain a specific ownership account for each investor
Limited liability companies that are functionally equivalent to corporations (“analogous entities”)
Display in the reporting entity's financial statements when the investee is not a corporation
PERSPECTIVE AND ISSUES
Subtopics
ASC 810, Consolidations, consists of three subtopics:
- ASC 810-10, Overall, which has three subsections:
- General
- Variable Interest Entities
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