Wiley Practitioner's Guide to GAAP 2022

49ASC 810 CONSOLIDATIONS

• Perspective and Issues
  • Overview
  • Subtopics
  • Scope and Scope Exceptions
    • Applying the Scope Guidance
    • General Scope Exceptions
    • Variable Interest Entities within Scope
    • Variable Interest Entities Scope Exceptions
    • 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
• 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?
    • 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?
    • How to Determine If an Interest Holder Is the Primary Beneficiary
    • Related‐Party Considerations in Determining the Primary Beneficiary
    • Related‐Party Tiebreaker
    • Sufficiency of Equity Investment at Risk
    • Variable Interests in “Silos”
  • Measurement
    • Initial Measurement with Common Control
    • Initial Measurement Absent Common Control
    • Collateralized Financing Entity—Alternative Measurement Approach
    • Example of Consolidation of a VIE—Consolidation Worksheet and Journal Entries
    • Example of an Implicit Variable Interest
    • Example—Arm's‐Length Leases: Computing Expected Losses and Expected Residual Returns
    • Reconsideration of VIE Status
• Voting Interest Model
  •        Protective Rights
  •        Substantive ...