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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
| Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook |
| Accounting by Topic, Accounting Terms Dictionary |
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U.S. GAAP Accounting Standards |
| Codification Topic 810 Consolidation Noncontrolling Interests Noncontrolling Interests (NCI) SFAS 160 amended ARB 51 in December 2007 ARB 51 was issued in 1959 SFAS 160, December 2007 "Noncontrolling Interests in Consolidated Financial Statements� an amendment of ARB No. 51" ARB 51, August 1959 "Consolidated Financial Statements" Effective date of SFAS 160 Fiscal years and interim periods within those fiscal years --> beginning on or after December 15, 2008 --> earlier adoption is not allowed Presentation and disclosures --> are applied to all periods presented Noncontrolling interests (NCI) --> presented within equity --> separately from the parent's equity Consolidated net income --> includes the NCI portion of net income Consolidated comprehensive income --> includes the NCI portion of comprehensive income Before SFAS 160 --> Minority interest cannot have a deficit balance --> Excess losses attributable to minority interest --> are charged to the majority interest After SFAS 160 --> NCI can have a deficit balance --> All losses attributable to NCI --> are charged to NCI |
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Codification Topic 810 Consolidation |
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Subtopics of Codification Topic 810 810-10 Overall 810-20 Control of partnerships and similar entities 810-30 Research and development arrangements |
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Accounting Terms of Codification Topic 810-10 Acquirer Acquisition, development, and construction arrangements Business Business combination Combined financial statements Consolidated financial statements Consolidated group Development stage entity Expected losses Expected losses and expected residual returns Expected residual returns Expected variability Legal entity Nominee shareholder Noncontrolling interest Nonpublic entity Not-for-profit entity Owners Parent Primary beneficiary Publicly traded entity Qualifying special-purpose entity Subordinated financial support Subsidiary Underlying Variable interest entity Variable interests |
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Accounting Terms of Codification Topic 810-20 Kick-out rights Ordinary course of business Participating rights Protective rights With cause Without cause |
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Accounting Terms of Codification Topic 810-30 Sponsor |
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