ASC 810 Consolidation

E453780

FASB Accounting Standards Codification Topic U.S. GAAP accounting standard

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.

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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 ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

ASC 805 Business Combinations → relatedTo → ASC 810 Consolidation ⓘ