ASC 810 Consolidation
E453780
ASC 810 Consolidation is a U.S. GAAP accounting standard that provides guidance on when and how a reporting entity must consolidate financial statements of other entities it controls, including variable interest entities.
All labels observed (1)
| Label | Occurrences |
|---|---|
| ASC 810 Consolidation canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4576025 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: ASC 810 Consolidation Context triple: [ASC 805 Business Combinations, relatedTo, ASC 810 Consolidation]
-
A.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
-
B.
ASC 842 Leases
ASC 842 Leases is the U.S. GAAP accounting standard that overhauled lease accounting by requiring most leases to be recognized on the balance sheet as right-of-use assets and lease liabilities.
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C.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
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D.
ASC 740 Income Taxes
ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
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E.
ASC 718 Compensation—Stock Compensation
ASC 718 Compensation—Stock Compensation is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of share-based payment arrangements, such as stock options and restricted stock, granted to employees and other service providers.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: ASC 810 Consolidation Target entity description: ASC 810 Consolidation is a U.S. GAAP accounting standard that provides guidance on when and how a reporting entity must consolidate financial statements of other entities it controls, including variable interest entities.
-
A.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
-
B.
ASC 842 Leases
ASC 842 Leases is the U.S. GAAP accounting standard that overhauled lease accounting by requiring most leases to be recognized on the balance sheet as right-of-use assets and lease liabilities.
-
C.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
-
D.
ASC 740 Income Taxes
ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
-
E.
ASC 718 Compensation—Stock Compensation
ASC 718 Compensation—Stock Compensation is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of share-based payment arrangements, such as stock options and restricted stock, granted to employees and other service providers.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
FASB Accounting Standards Codification Topic
ⓘ
U.S. GAAP accounting standard ⓘ |
| addresses | consolidation of entities under common control ⓘ |
| appliesTo | reporting entities that have a controlling financial interest in other entities ⓘ |
| appliesUnder | U.S. GAAP NERFINISHED ⓘ |
| classification | Topic 810 in the FASB Accounting Standards Codification NERFINISHED ⓘ |
| covers |
changes in a parent’s ownership interest in a subsidiary
ⓘ
consolidation procedures ⓘ deconsolidation of a subsidiary ⓘ limited partnerships and similar entities ⓘ noncontrolling interests in consolidated financial statements ⓘ variable interest entities ⓘ voting interest entities ⓘ |
| defines |
controlling financial interest
ⓘ
noncontrolling interest ⓘ primary beneficiary of a variable interest entity ⓘ variable interest entity ⓘ |
| distinguishesBetween | voting interest model and variable interest entity model ⓘ |
| governs | consolidation of financial statements ⓘ |
| includes |
guidance on consolidation of entities controlled through contractual arrangements
ⓘ
guidance on consolidation of securitization entities ⓘ guidance on consolidation of structured entities ⓘ |
| interactsWith |
ASC 805 Business Combinations
NERFINISHED
ⓘ
ASC 860 Transfers and Servicing NERFINISHED ⓘ ASC 946 Financial Services—Investment Companies NERFINISHED ⓘ |
| issuedBy | Financial Accounting Standards Board NERFINISHED ⓘ |
| objective | to improve relevance, comparability, and transparency of consolidated financial statements ⓘ |
| partOf | FASB Accounting Standards Codification NERFINISHED ⓘ |
| providesGuidanceOn |
how a reporting entity must consolidate another entity
ⓘ
when a reporting entity must consolidate another entity ⓘ |
| requires |
consolidation of a variable interest entity by its primary beneficiary
ⓘ
consolidation of entities in which a reporting entity has a controlling financial interest ⓘ disclosures about involvement with variable interest entities ⓘ disclosures about judgments and assumptions in determining consolidation ⓘ elimination of intercompany balances and transactions in consolidation ⓘ ongoing reassessment of whether a reporting entity is the primary beneficiary of a variable interest entity ⓘ presentation of noncontrolling interests as a component of equity ⓘ recognition of gain or loss on deconsolidation of a subsidiary ⓘ uniform accounting policies for consolidated entities where practicable ⓘ |
| scopeIncludes |
certain investment structures
ⓘ
corporations ⓘ limited liability companies ⓘ partnerships ⓘ special-purpose entities ⓘ |
| supersededAndCodified |
ARB No. 51 Consolidated Financial Statements
NERFINISHED
ⓘ
FASB Interpretation No. 46(R) NERFINISHED ⓘ |
| usedBy |
not-for-profit entities reporting under U.S. GAAP
ⓘ
private companies reporting under U.S. GAAP ⓘ public companies reporting under U.S. GAAP ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: ASC 810 Consolidation Description of subject: ASC 810 Consolidation is a U.S. GAAP accounting standard that provides guidance on when and how a reporting entity must consolidate financial statements of other entities it controls, including variable interest entities.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.