Handbook | August 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.

Applicability

  • Company that has variable interest entities 

Relevant date

  • Effective immediately

Key impacts

  • Provides updated interpretive guidance on VIEs under ASC 810-10, including illustrative examples and Q&As, and addresses specific accounting issues

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

KPMG's Defining Issues: FASB makes targeted improvements to VIE guidance

Spotlight on contributors

Angie Storm

Angie Storm

Partner, Dept. of Professional Practice, KPMG US

Brian Fields

Brian Fields

Partner, Dept. of Professional Practice, KPMG US

John Barbagallo

John Barbagallo

Managing Director, Dept. of Professional Practice, KPMG US

 

 

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