Appendix D — Roadmap Updates for 2023
The table below summarizes the substantive changes made in the 2023
edition of this Roadmap.
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Section
|
Title
|
Description
|
|---|---|---|
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Accounting Standards and Disclosure Requirements
|
Added discussion of the requirement to unwind Private Company
Council alternatives adopted by an equity method investee
when that investee’s financial statements must be filed with
the SEC under Rule 3-09.
| |
|
Adoption Dates of Accounting Standards
|
Added Examples 2-1 and
2-2 to illustrate the application
of Bucket 1 and Bucket 2 ASU adoption dates for equity
method investees whose financial statements are included in
an SEC filing because they are significant under Rule 3-09.
(Renumbered subsequent examples in Chapter 2.)
| |
|
Income Component
|
Added Examples 3-4,
3-5, and 3-6
to highlight (1) two approaches to calculating the
denominator of the income component and (2) the treatment of
basis differences in the calculation of the numerator of the
income component of the income test. (Renumbered subsequent
examples in Chapter 3.)
| |
|
Revenue Component
|
Clarified that the evaluations of whether the registrant and
investee have material revenue should be done
separately.
| |
|
Registrant Is a Successor to a Predecessor
Company
|
Added Example 3-14 to
explain the calculation of the income test when fresh start
accounting is applied. (Renumbered subsequent examples in
Chapter 3.)
| |
|
Loss of Significant Influence
|
Added Example 5-4 to illustrate the
financial statements required to be presented in an annual
filing for a registrant that loses significant influence
over a significant equity method investee during the
year.
|