2.22 Primary Beneficiary
ASC 810-10 — Glossary
Primary Beneficiary
An entity that consolidates a variable interest entity (VIE). See paragraphs 810-10-25-38 through 25-38J for guidance on determining the primary beneficiary.
A reporting entity that consolidates (i.e., has a controlling financial interest
in) a VIE is the “primary beneficiary” of the VIE.
See Chapter 7 of
Deloitte’s Roadmap Consolidation — Identifying a Controlling
Financial Interest for a
detailed discussion of how a reporting entity
should assess whether it has a controlling
financial interest and is therefore the primary
beneficiary of the VIE.