2. This Roadmap reflects the thoughts and contributions of the consolidation team in Deloitte’s National Office as well as input from the many auditors and advisers in the Deloitte network who, over the last several years, have helped develop the comprehensive views and interpretations in this publication. Social login not available on Microsoft Edge browser at this time. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Although the accounting principles related to noncontrolling interests have been in place for many years, they can be difficult to apply. Deloitte Resources. The third edition of "A Roadmap to Accounting for Share-Based Payment Awards" provides Deloitte’s insights into and interpretations of the accounting guidance for share-based payment awards, primarily that in ASC 718 and ASC 505-50. The ASC 810 guidance clearly states that these rights have no bearing on the analysis unless they can be exercised by a single party (including its de facto agents and related parties). 2. v Preface October 2017 To our friends and clients: We are pleased to present A Roadmap to Accounting for Asset Acquisitions.This Roadmap provides Deloitte’s insights into and interpretations of the guidance on accounting for an acquisition of an asset, or a group of assets, that does not meet the U.S. GAAP definition of a business in ASC 805-10. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 263,900 … A Roadmap to Accounting for Noncontrolling Interests Chapter 9 — Redeemable Noncontrolling Interests 9.2 Scope of ASC 480-10-S99-3A and Interaction With ASC 810 … Put a wealth of information at your fingertips. A roadmap to accounting for contracts on an entity's own equity This Roadmap provides an overview of the guidance in ASC 815-40 as well as insights into and interpretations of how to apply it in practice. Consolidation (Topic 810) No. Read the full “A Roadmap to the Preparation of the Statement of Cash Flows” which provides details on the principles from ASC 230 as well as Deloitte’s interpretations and examples. Included in the publication are 12 chapters and six appendices with … Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a UK-incorporated multinational professional services network. KPMG reports on a proposed ASU for ASC 810. Add paragraph 810-10-05-8A, with a link to transition paragraph 810-10-65-2, as follows: 810-10-05-8A The reporting entity with a variable interest or interests that provide the reporting entity with a controlling financial interest in a variable interest entity (VIE) will have both … A Roadmap to Accounting for Noncontrolling Interests, A Subscribe to receive Roadmap series publications via e-mail. The third edition of "A Roadmap to Accounting for Share-Based Payment Awards" provides Deloitte’s insights into and interpretations of the accounting guidance for share-based payment awards, primarily that in ASC 718 and ASC 505-50. Add the following Master Glossary terms to Subtopic 810-10 as follows: Financial Statements Are Available to Be Issued Financial statements are considered available to be issued when they are complete in a form and format that complies with GAAP and all approvals necessary for issuance have been obtained, for example, from management, the The guidance in this Roadmap presumes that (1) a parent has already established that consolidation of its subsidiary is appropriate under ASC 810-10 and (2) the equity interests of a subsidiary qualify for equity classification under ASC 480. Discover Deloitte and learn more about our people and culture. We are pleased to present the 2020 edition of A Roadmap to Distinguishing Liabilities From Equity.. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. Telecommunications, Media & Entertainment, A Roadmap to Distinguishing Liabilities From Equity, Learn more about accounting considerations, Stay current: Audit & Assurance subscriptions, Financial Statement & Internal Control Audit. This Roadmap provides an overview of the guidance in ASC 480-10 1 as well as insights into and interpretations of how to apply it in practice. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. By comparison, if the letter -of-credit issuer is acting as a principal and acquires the debt instruments from the holders for cash (i.e., upon exercise of the put feature), the transaction would be viewed as a transfer between debt holders. debt settlement; see, e.g., ASC 405-20, ASC 470 -50, and particularly ASC 470-50-55-4 and 55-5). DTTL (also referred to as "Deloitte Global") does not provide services to clients. * For the full forms of acronyms, see Appendix C in the full Roadmap. A Roadmap to Accounting for Noncontrolling Interests Chapter 9 — Redeemable Noncontrolling Interests 9.2 Scope of ASC 480-10-S99-3A and Interaction With ASC 810-10 2014-18 December 2014 Accounting for Identifiable Intangible Assets in a Business Combination a consensus of the Private Company Council Updated December 2009. We recommend conforming the wording in ASC 958-810-05-1(e) to the amendments in ASC 958-810-15-4 as follows: Reporting relationships between (1) an NFP that is a general partner or a limited partner and (2) a for-profit limited partnership or similar legal entity. A podcast by our professionals who share a sneak peek at life inside Deloitte. We are pleased to present the 2020 edition of A Roadmap to Distinguishing Liabilities From Equity.. 4 Deloitte |A Roadmap to Accounting for Noncontrolling nterests (2020 1.6 Presentation and Disclosure The issuance of FASB Statement 160 (codified in ASC 810) clarified that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated … noncontrolling interests, primarily that in ASC 810-10 and ASC 480-10-S99. This Roadmap provides Deloitte’s insights into and interpretations of the income tax accounting guidance in ASC 740 1 and the differences between that standard and IFRS® Standards (in … by ASC 810 as well as a proposal that establishes new disclosure requirements for hybrid financial ... February 2015 Roadmap Revenue From Contracts With Customers: A Roadmap to Applying the Guidance in ASU 2014-09 ... Deloitte’s February 19, 2015, Heads Up. 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