FASB Revises Consolidation Accounting Model

The Financial Accounting Standards Board (FASB) recently revised the variable interest entity (VIE) consolidation model, and the voting interest entity model for limited partnerships and similar entities.

Accounting Standards Update (ASU) 2015-02, Consolidation (Topic 810) Amendments to the Consolidation Analysis contains several provisions designed to simplify consolidation accounting and provide financial statement users with more useful information. The update will impact all entities that evaluate whether they should consolidate other legal entities.

Learn more about the update in our latest MHM Messenger: FASB Revises Consolidation Accounting Model.

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