U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification Accounting Standards, ASC

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

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Codification Topic 810


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´┐Ż 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
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
   Acquisition, development, and construction arrangements
   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
   Primary beneficiary
   Publicly traded entity
   Qualifying special-purpose entity
   Subordinated financial support
   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

   Other Topics at the Codification 800 
Accounting Standards Codification, ASC, Overview
ASC Codification Topic 805: Business Combinations
ASC Codification Topic 808: Collaborative Arrangements
ASC Codification Topic 810: Consolidation
ASC Codification Topic 815: Derivatives and Hedging
ASC Codification Topic 820: Fair Value Measurements and Disclosures
ASC Codification Topic 825: Financial Instruments
ASC Codification Topic 830: Foreign Currency Matters
ASC Codification Topic 835: Interest
ASC Codification Topic 840: Leases
ASC Codification Topic 845: Nonmonetary Transactions
ASC Codification Topic 850: Related Party Disclosures
ASC Codification Topic 852: Reorganizations
ASC Codification Topic 855: Subsequent Events
ASC Codification Topic 860: Transfers and Servicing

   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

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