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Deloitte’s Roadmap: Consolidation — Identifying a Controlling Financial Interest

Consolidation — Identifying a Controlling Financial Interest

This Roadmap reflects changes in the consolidation landscape introduced by the FASB’s issuance of ASU 2015-02 in February 2015.

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This Roadmap breaks down the requirements in ASC 810 and reconstructs them in a logical narrative, making them easier to understand and apply. While the discussion focuses primarily on the complexities of identifying whether a legal entity is a variable interest entity (VIE) and whether a reporting entity should consolidate the VIE, it also addresses the voting interest entity model and provides a framework for its application.
The 2021 edition includes updated and expanded guidance as well as On the Radar, a new section that briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.