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.
|