U.S. GAAP Codification of Accounting Standards Guide by AccountingINFO.com

U.S. GAAP Codification of Accounting Standards

Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook

Accounting by Topic, Accounting Terms Dictionary

U.S. GAAP Accounting Standards
Codification Topic 810: Consolidation

Codification Topic 810
Consolidation

Consolidation

SFAS 167 amended FIN 46(R) in June 2009
FIN 46(R) revised FIN 46 in December 2003
FIN 46 was issued in January 2003 as an interpretation of ARB 51

SFAS 160 amended ARB 51 in December 2007
ARB 51 was issued in 1959

QSPE: Qualifying Special Purpose Entities
Before SFAS 167
--> FIN 46(R) did not apply to QSPE
--> FIN 46(R)-pr 4, QSPEs are not consolidated
SFAS 166 deleted the concept of QSPE from SFAS 140 in June 2009
SFAS 167 amended FIN 46(R) to delete the exception for QSPE in June 2009

ARB 51, August 1959
"Consolidated Financial Statements"

SFAS 140, September 2000
"Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities - a replacement of FASB Statement of No. 125"

SFAS 160, December 2007
"Noncontrolling Interests in Consolidated Financial Statements� an amendment of ARB No. 51"

SFAS 166, June 2009
"Accounting for Transfers of Financial Assets - An amendment of FASB Statement No. 140"

SFAS 167, June 2009
"Amendments to FASB Interpretation No. 46(R)"

FASB Interpretation 46(R), Revised in December 2003
"Consolidation of Variable Interest Entities - an interpretation of ARB No. 51"

Codification Topic 810
Consolidation

Subtopics of Codification Topic 810

   810-10 Overall
   810-20 Control of partnerships and similar entities
   810-30 Research and development arrangements

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

Accounting Terms of Codification Topic 810-20

   Kick-out rights
   Ordinary course of business
   Participating rights
   Protective rights
   With cause
   Without cause

Accounting Terms of Codification Topic 810-30

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