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Appendix D — Roadmap Updates for 2024

Appendix D — Roadmap Updates for 2024

Appendix D — Roadmap Updates for 2024

The tables below summarize the substantive changes made in the 2024 edition of this Roadmap.

New Content

Section
Title
Description
Parent’s Acquisition of Interests in Subsidiary Directly From Third Party That Includes Contingent Consideration Payable
New section that discusses how a reporting entity could account for contingent consideration payable in connection with a parent’s acquisition of noncontrolling interests. The new section includes new Example 7-2; subsequent examples in Chapter 7 have been renumbered accordingly.

Amended Content

Section
Title
Description
Parent and Subsidiary With Different Fiscal-Year-End Dates
Deleted the discussion of the SEC’s August 17, 2018, final rule that amended some of the Commission’s disclosure requirements (e.g., by removing Rule 3A-02(b) from SEC Regulation S-X) as of November 5, 2018.
Subsidiary’s Ownership Interest in Parent (Reciprocal Interests) — Consolidated Reporting
Added a discussion about the application of ASC 505-30 in a parent’s consolidated financial statements when a subsidiary owns parent shares.
Impact of Changes to OCI or AOCI Resulting From Transition Adjustments or Changes in Accounting Principle
Deleted the discussion of ASU 2018-02 related to transition adjustments recognized directly in AOCI.