Skip to Main Content
Wiley GAAP 2021, 2nd Edition
book

Wiley GAAP 2021, 2nd Edition

by Joanne M. Flood
March 2021
Intermediate to advanced content levelIntermediate to advanced
1424 pages
51h 16m
English
Wiley
Content preview from Wiley GAAP 2021, 2nd Edition

49ASC 810 CONSOLIDATIONS

  1. Perspective and Issues
    1. Technical Alert
      1. Guidance
      2. Effective Dates
      3. Transition
    2. Subtopics
    3. Scope and Scope Exceptions
      1. Applying the Scope Guidance
      2. General Scope Exceptions
      3. Variable Interest Entities within Scope
      4. Variable Interest Entities Scope Exceptions
      5. Collateralized Financing Entity—Alternative Approach—Scope Criteria
      6. ASC 810‐30, Research and Development Arrangements
    4. Overview
  2. Definitions of Terms
  3. Consolidation Models—Introduction and Background
  4. The Vie Model
    1. Does a VIE Scope Exception Apply?
    2. Does the Reporting Entity Have a Variable Interest in the Entity?
    3. Is the Reporting Entity a VIE?
      1. Analyzing an Entity’s Design
      2. Example of Expected Variability of Cash Flows
      3. Initial Determination of VIE Status
    4. Is the Reporting Entity the Primary Beneficiary?
      1. How to Determine If an Interest Holder Is the Primary Beneficiary
      2. Related‐Party Considerations in Determining the Primary Beneficiary
      3. Related‐Party Tie Breaker
      4. Sufficiency of Equity Investment at Risk
      5. Example of Application of ASC 810 to Related‐Party Leases
    5. Analysis of Example under ASC 810
      1. Other Lease Terms and Provisions
      2. Existence or Absence of Guarantees
      3. Other Lease‐Related Contractual Arrangements
      4. Variable Interests in “Silos”
    6. Measurement
      1. Initial Measurement with Common Control
      2. Initial Measurement Absent Common Control
      3. Example of Consolidation of a VIE—Consolidation Worksheet and Journal Entries
      4. Example of an Implicit Variable Interest
      5. Example—Arm’s‐Length Leases: Computing Expected Losses and ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Wiley Not-for-Profit GAAP 2020

Wiley Not-for-Profit GAAP 2020

Richard F. Larkin, Marie DiTommaso, Warren Ruppel
Wiley GAAP 2019

Wiley GAAP 2019

Joanne M. Flood

Publisher Resources

ISBN: 9781119736172