Wiley GAAP 2023

49ASC 810 CONSOLIDATIONS

• Perspective and Issues
  • Overview
  • Exhibit—Special Purpose Entity—Securitization Process
  • Subtopics
  • Scope and Scope Exceptions
  • Applying the Scope Guidance
  • Exhibit—Determining Scope and Scope Exceptions (ASC 810-10-15-3)
    • The General Subsection Scope Exceptions
    • Variable Interest Entities Subsections
    • Variable Interest Entities Scope Exceptions
    • Private Company Alternative
    • Collateralized Financing Entity—Alternative Approach—Scope Criteria
    • Consolidation of Entities Controlled by Contract
    • ASC 810-30, Research and Development Arrangements
• Definitions of Terms
• Consolidation Models—Introduction and Background
  • Exhibit—Steps to Determine Which Consolidation Model Applies to a Legal Entity
• The Vie Model
  • Does a VIE Scope Exception Apply?
  • Does the Reporting Entity Have a Variable Interest in the Entity?
  • Is the Reporting Entity a VIE?
  • Exhibit—Examples of Potential Variable Interests
    • Analyzing an Entity's Design
    • Example of Expected Variability of Cash Flows
    • Initial Determination of VIE Status
    • Initial Consolidation
  • Is the Reporting Entity the Primary Beneficiary?
  • Exhibit—Overview of the VIE Model
    • How to Determine If an Interest Holder Is the Primary Beneficiary
  • Exhibit—Criteria to Determine Whether a Fee Paid to a Decision Maker or a Service Provider Is a Variable Interest
    • Related-Party Considerations in Determining the Primary Beneficiary
    • Related-Party Tiebreaker
    • Sufficiency of Equity Investment at Risk
    • Variable Interests in “Silos”
  • Measurement
    • Initial Measurement ...