Consolidation Accounting - The Consolidation Analysis   

Course Details

This course introduces consolidation accounting and the two consolidation models in ASC 810 Consolidation. It covers the consolidation analysis steps that an entity follows to determine which consolidation model is the appropriate model to evaluate a legal entity for consolidation.

By the end of this course, participants should be able to:

• recall the two primary consolidation models under ASC 810
• recognize scope exceptions to ASC 810 and to the Variable Interest Entity Model
• apply scope exceptions within ASC 810 and the variable interest entities model
• identify variable interests held
• apply the requirements of ASC 810 when identifying variable interests held
• employ the three characteristics used to determine whether or not the entity in question is a variable interest entity.

DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

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Keywords: Consolidation, ASC 810, ASC 810 Consolidation, Variable Interest Entity, VIE, Accounting

Other Details

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is not mobile-compatible.