Handbook   |   January 2019

Handbook: Consolidation of VIEs

KPMG’s latest guidance on and interpretation of ASC 810-10. KPMG explains the consolidation of VIEs, with in-depth analysis and examples.


Relevant date

  • Effective immediately

Key impacts

  • Provides interpretive guidance on VIEs under ASC 810-10, including illustrative examples and Q&As, and addresses specific accounting issues
  • Incorporates ASU 2015-02, Consolidation (ASC 810): Amendments to the consolidation analysis
  • Incorporates ASU 2016-17, Consolidation (ASC 810): Interests held through related parties that are under common control
  • Incorporates ASU 2017-02, Not-for-Profit Entities  Consolidation (ASC 958-810): Clarifying when a not-for-profit entity that is a general partner or a limited partner should consolidate a for-profit limited partnership or similar entity
  • Incorporates ASU 2018-17, Consolidation (ASC 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities 

Report contents

  • Scope
  • Variable interests
  • Variable interest entity determination and reconsideration
  • Silos
  • Primary beneficiary determination and reconsideration
  • Related parties and de facto agency relationships
  • Initial measurement and subsequent accounting for a consolidated VIE
  • Presentation and disclosure
  • Effective date and transition
  • Expected losses and expected residual returns

Related content

Spotlight on contributors


Angie Storm

Angie Storm

Partner, Dept. of Professional Practice, KPMG (US)

+1 212-909-5488
Brian Fields

Brian Fields

Partner, DPP, KPMG (US)

+1 212-872-3397



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