Accounting for Consolidations


This course provides an overview of the authoritative guidance prescribed by Accounting Standards Codification (ASC) Topic No. 810, Consolidation.  The primary focus of this course relates to the application of the variable interest model, the related scope exceptions to applying the model, and the respective presentation and disclosure requirements.  Because the topic of consolidations is a very complex area of U.S. GAAP, illustrative examples have been incorporated throughout the course material to assist in the  learning process. 

Learning Objectives

Upon completion of this course, students will be able to:

  • recognize scope exceptions to the consolidations guidance
  • identify the key steps involved in performing a consolidation analysis 
  • identify exceptions to the application of the variable interest entity model
  • identify steps to be performed if a scope exception to the variable interest model applies 
  • identify the two steps involved in identifying variable interests 
  • recognize key information related to variable interests 
  • identify characteristics and key information related to a variable interest entity 
  • identify key information related to the determination of the primary beneficiary 
  • recognize key presentation requirements related to variable interest entities 
  • differentiate between the disclosure requirements for reporting entities with interests in variable interest entities 
  • identify examples of reconsideration events 
  • recognize key changes on the horizon related to the consolidation guidance

Designed For

Designed for CPAs with a working knowledge of financial statement presentation. This course delves into how to determine when a company needs to consolidate a variable interest entity and issues related to consolidating and combined financial statements.


Students taking this course should have a general understanding of accounting standards; 1-2 years of accounting experience is a plus.

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