{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/10/#30-initial-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"810","topic_title":"Consolidation","subtopic":"810-10","subtopic_title":"Overall","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":"Variable Interest Entities","heading":"Valuation of Assets, Liabilities, and Noncontrolling Interests in a Newly Consolidated VIE","paragraphs":[{"citation":"810-10-30-1","para":"30-1","html":"
If the primary beneficiary of a variable interest entity (VIE) and the VIE are under common control, the primary beneficiary shall initially measure the assets, liabilities, and noncontrolling interests of the VIE at amounts at which they are carried in the accounts of the reporting entity that controls the VIE (or would be carried if the reporting entity issued financial statements prepared in conformity with generally accepted accounting principles [GAAP]).
","snippet":"If the primary beneficiary of a variable interest entity (VIE) and the VIE are under common control, the primary beneficiary shall initially measure the assets, liabilities, and noncontrolling interests of the VIE at amo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8128d86e550fc984fa6b94d73becb7d1495ef1357dc0cabc087208f5b98bffb","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-2","para":"30-2","html":"
The initial consolidation of a VIE that is a business is a business combination and shall be accounted for in accordance with the provisions in Topic 805.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
805-10-65-5The initial consolidation of a VIE that is a business in which the primary beneficiary is the accounting acquireris a business combination and shall be accounted for in accordance with the provisions in Topic 805. If a business combination in which a VIE is acquired is effected primarily by exchanging equity interests, the factors in paragraphs
805-10-55-12 through 55-15
shall be considered in determining which entity is the accounting acquirer. If an acquisition transaction is a reverse acquisition and the accounting acquiree meets the definition of a business, the provisions of Subtopic 805-40 shall be applied. For a business combination that is not effected primarily by exchanging equity interests in which a VIE is acquired, the primary beneficiary of that entity is the accounting acquirer.
","snippet":"The initial consolidation of a VIE that is a business is a business combination and shall be accounted for in accordance with the provisions in Topic 805.Transition date:(P) December 16, 2026; (N) December 16, 2026Transi…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ba2a19a555a9ef695e0a63762d5000400fa73172e1926f0cce031661e2324fb","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-3","para":"30-3","html":"
When a reporting entity becomes the primary beneficiary of a VIE that is not a business, no goodwill shall be recognized. The primary beneficiary initially shall measure and recognize the assets (except for goodwill) and liabilities of the VIE in accordance with Sections 805-20-25 and 805-20-30. However, the primary beneficiary initially shall measure assets and liabilities that it has transferred to that VIE at, after, or shortly before the date that the reporting entity became the primary beneficiary at the same amounts at which the assets and liabilities would have been measured if they had not been transferred. No gain or loss shall be recognized because of such transfers.
","snippet":"When a reporting entity becomes the primary beneficiary of a VIE that is not a business, no goodwill shall be recognized. The primary beneficiary initially shall measure and recognize the assets (except for goodwill) and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf560cef2b4afac84d758bc25cb660f41f5f90f589bad8ab8866660ae9b7150d","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-3A","para":"30-3A","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
326-10-65-7A reporting entity that recognizes loans within the scope of Subtopic 326-20 on financial instruments measured at amortized cost through the consolidation of a VIE that is not a business in accordance with paragraph 810-10-30-3 shall apply the guidance in paragraph 326-20-30-16.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:326-10-65-7A reporting entity that recognizes loans within the scope of Subtopic 326-20 on financial instruments measured at amortized cost …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79e90cbc5ea7439875b6ae1d8d4eb2a64736488511b9047522e8536c5e547efd","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-4","para":"30-4","html":"
The primary beneficiary of a VIE that is not a business shall recognize a gain or loss for the difference between (a) and (b):
  1. a
    The sum of:
    1. 1
      The fair value of any consideration paid
    2. 2
      The fair value of any noncontrolling interests
    3. 3
      The reported amount of any previously held interests
  2. b
    The net amount of the VIE's identifiable assets and liabilities recognized and measured in accordance with Topic 805.
    1. 1
      Subparagraph not used.
    2. 2
      Subparagraph not used.
    3. 3
      Subparagraph not used.
","snippet":"The primary beneficiary of a VIE that is not a business shall recognize a gain or loss for the difference between (a) and (b):\n(a) The sum of:\n(1) The fair value of any consideration paid\n(2) The fair value of any noncon…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:286062dd33c6977e9659fabaf6d8f193e5b01d98d10dc9dea9667c76bb7c427c","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-5","para":"30-5","html":"
Paragraphs
810-10-30-3 through 30-4
shall not apply to a joint venture reporting entity that becomes the primary beneficiary of a VIE that is not a business upon a joint venture formation accounted for in accordance with Subtopic 805-60.
","snippet":"Paragraphs 810-10-30-3 through 30-4 shall not apply to a joint venture reporting entity that becomes the primary beneficiary of a VIE that is not a business upon a joint venture formation accounted for in accordance with…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e0a370ffde686e4388585332ea46195644e1f2b26e016c366a078a3c3eba970","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-6","para":"30-6","html":"
Paragraph not used.
","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50dd97cb37a56f1308e03ee7f08ed1817e9250fa540f8bc08e668e1cd9341485","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e3b3f33789b3e626165dfc1f2c890e5830dd3741fcfe93861e195a28221d6f90","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"block":"Variable Interest Entities","heading":"Initial Consolidation when Earlier Consolidation Was Prevented Due to Lack of Information","paragraphs":[{"citation":"810-10-30-7","para":"30-7","html":"
A reporting entity that has not applied the Variable Interest Entities Subsections to a legal entity because of the condition described in paragraph 810-10-15-17(c) and that subsequently obtains the information necessary to apply the Variable Interest Entities Subsections to that entity shall apply the provisions of the Variable Interest Entities Subsections as of the date the information is acquired in accordance with the following paragraph.
","snippet":"A reporting entity that has not applied the Variable Interest Entities Subsections to a legal entity because of the condition described in paragraph 810-10-15-17(c) and that subsequently obtains the information necessary…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b66f62e182b989333710576fdb9c8395618b14d35fbc147d1b9d9c5e45fe34ea","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-8","para":"30-8","html":"
The initial measurement by a consolidating entity of the assets, liabilities, and noncontrolling interests of the VIE at the date the requirements of the Variable Interest Entities Subsections first apply depends on whether the determination of their carrying amounts is practicable. In this context, carrying amounts refers to the amounts at which the assets, liabilities, and noncontrolling interests would have been carried in the consolidated financial statements if the Variable Interest Entities Subsections had been effective when the reporting entity first met the conditions to be the primary beneficiary.
","snippet":"The initial measurement by a consolidating entity of the assets, liabilities, and noncontrolling interests of the VIE at the date the requirements of the Variable Interest Entities Subsections first apply depends on whet…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f03d9ce2584b5770bd6a468731c35b65f8fd7d3feb5a5718126af920c29175a6","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-8A","para":"30-8A","html":"
If determining the carrying amounts is practicable, the consolidating entity shall initially measure the assets, liabilities, and noncontrolling interests of the VIE at their carrying amounts at the date the Variable Interest Entities Subsections first apply.
","snippet":"If determining the carrying amounts is practicable, the consolidating entity shall initially measure the assets, liabilities, and noncontrolling interests of the VIE at their carrying amounts at the date the Variable Int…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83396cf5a3e261d5774b2d61be827f5e92009b8960ce75760964a15934d7fc4d","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-8B","para":"30-8B","html":"
If determining the carrying amounts is not practicable, the assets, liabilities, and noncontrolling interests of the VIE shall be measured at fair value at the date the Variable Interest Entities Subsections first apply. However, as an alternative to this fair value measurement requirement, the assets and liabilities of the VIE may be measured at their unpaid principal balances at the date the Variable Interest Entities Subsections first apply if both of the following conditions are met:
  1. a
    The activities of the VIE are primarily related to securitizations or other forms of asset-backed financings.
  2. b
    The assets of the VIE can be used only to settle obligations of the entity.
","snippet":"If determining the carrying amounts is not practicable, the assets, liabilities, and noncontrolling interests of the VIE shall be measured at fair value at the date the Variable Interest Entities Subsections first apply.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f845487643503671ba7e06a2e7bb70614888edd18c4ccfbead07b62c7363e208","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-8C","para":"30-8C","html":"
The measurement alternative in the preceding paragraph does not obviate the need for the primary beneficiary to recognize any accrued interest or record an allowance for credit losses, as appropriate. Other assets, liabilities, or noncontrolling interests, if any, that do not have an unpaid principal balance, and any items that are required to be carried at fair value under other applicable standards, shall be measured at fair value.
","snippet":"The measurement alternative in the preceding paragraph does not obviate the need for the primary beneficiary to recognize any accrued interest or record an allowance for credit losses, as appropriate. Other assets, liabi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c964fe9c17385f8d5c379864b1f13efc22528bde6f42ab3e455250e199b90729","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-8D","para":"30-8D","html":"
Any difference between the net amount added to the balance sheet of the consolidating entity and the amount of any previously recognized interest in the newly consolidated VIE shall be recognized as a cumulative-effect adjustment to retained earnings.
","snippet":"Any difference between the net amount added to the balance sheet of the consolidating entity and the amount of any previously recognized interest in the newly consolidated VIE shall be recognized as a cumulative-effect a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:427c094ab7eacbf275e292745cf43bc627bfc709bcad081c4b5f50efdc55c9b1","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-9","para":"30-9","html":"
The Variable Interest Entities Subsections may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings as of the beginning of the first year restated.
","snippet":"The Variable Interest Entities Subsections may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings as of the beginning of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac3c0aa4998ececc1dfd02852f44155b83d387c0531237989e5f4010f4e108de","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea4d617ec5b909da76686d9fb037f6cdbfee44aa3a5987fe0b2f07c476ab6cf3","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"block":"Variable Interest Entities","heading":"Collateralized Financing Entities","paragraphs":[{"citation":"810-10-30-10","para":"30-10","html":"
When a reporting entity initially consolidates a variable interest entity that is a collateralized financing entity that meets the scope requirements in paragraph 810-10-15-17D, it may elect to measure the financial assets and the financial liabilities of the collateralized financing entity using a measurement alternative to Topic 820 on fair value measurement.
","snippet":"When a reporting entity initially consolidates a variable interest entity that is a collateralized financing entity that meets the scope requirements in paragraph 810-10-15-17D, it may elect to measure the financial asse…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d53d6b02c439dcad171350c86bbe03a8e18ef17593629b583b11b0496a4a0ad","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-11","para":"30-11","html":"
Under the measurement alternative, the reporting entity shall measure both the financial assets and the financial liabilities of the collateralized financing entity using the more observable of the fair value of the financial assets and the fair value of the financial liabilities. Any gain or loss that results from the initial application of this measurement alternative shall be reflected in earnings and attributed to the reporting entity in the consolidated statement of income (loss).
","snippet":"Under the measurement alternative, the reporting entity shall measure both the financial assets and the financial liabilities of the collateralized financing entity using the more observable of the fair value of the fina…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85c8983941a2f75dcbb358bb86dd7c13292d991ea7dc2d82e3f2b4d7926973bd","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-12","para":"30-12","html":"
If the fair value of the financial assets of the collateralized financing entity is more observable, those financial assets shall be measured at fair value. The financial liabilities shall be measured in the initial consolidation as the difference between the following two amounts:
  1. a
    The sum of:
    1. 1
      The fair value of the financial assets
    2. 2
      The carrying value of any nonfinancial assets held temporarily
  2. b
    The sum of:
    1. 1
      The fair value of any beneficial interests retained by the reporting entity (other than those that represent compensation for services)
    2. 2
      The reporting entity's carrying value of any beneficial interests that represent compensation for services.
The fair value of the financial assets in (a)(1) should include the carrying values of any financial assets that are incidental to the operations of the collateralized financing entity because the financial assets' carrying values approximate their fair values.
","snippet":"If the fair value of the financial assets of the collateralized financing entity is more observable, those financial assets shall be measured at fair value. The financial liabilities shall be measured in the initial cons…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bb1a734bed426a82e4da8e7bbaed7a8fa780aab8528b7e8ec6bfb178ddf9b59","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-13","para":"30-13","html":"
If the fair value of the financial liabilities of the collateralized financing entity is more observable, those financial liabilities shall be measured at fair value. The financial assets shall be measured in the initial consolidation as the difference between the following two amounts:
  1. a
    The sum of:
    1. 1
      The fair value of the financial liabilities (other than the beneficial interests retained by the reporting entity)
    2. 2
      The fair value of any beneficial interests retained by the reporting entity (other than those that represent compensation for services)
    3. 3
      The reporting entity's carrying value of any beneficial interests that represent compensation for services
  2. b
    The carrying value of any nonfinancial assets held temporarily.
The fair value of the financial liabilities in (a)(1) should include the carrying values of any financial liabilities that are incidental to the operations of the collateralized financing entity because the financial liabilities' carrying values approximate their fair values.
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The amount resulting from paragraph 810-10-30-12 or paragraph 810-10-30-13 shall be allocated to the less observable of the financial assets and financial liabilities (other than the beneficial interests retained by the reporting entity), as applicable, using a reasonable and consistent methodology.
","snippet":"The amount resulting from paragraph 810-10-30-12 or paragraph 810-10-30-13 shall be allocated to the less observable of the financial assets and financial liabilities (other than the beneficial interests retained by the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db576f7cdeb4717fc15e78be0d872cbb009712f68779c469a692567596d9f971","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-15","para":"30-15","html":"
The carrying value of the beneficial interests that represent compensation for services (for example, rights to receive management fees or servicing fees) and the carrying value of any nonfinancial assets held temporarily by the collateralized financing entity shall be measured in accordance with other applicable Topics.
","snippet":"The carrying value of the beneficial interests that represent compensation for services (for example, rights to receive management fees or servicing fees) and the carrying value of any nonfinancial assets held temporaril…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5d51ca42d9298859b3efb4caec69a4dececf5a179acfa617c4cb7e4b9cd17db4","downloaded_from":"2026-09-10T01:28:57.969Z","last_downloaded_at":"2026-09-10T01:28:57.969Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481322","source_sha256":"60aea7811928439f4843aa7453d516ad27ad9734ec0801dc643c4aaba083e0fd"}},{"citation":"810-10-30-16","para":"30-16","html":"
If a reporting entity does not elect to apply the measurement alternative to a collateralized financing entity that meets the scope requirements in paragraph 810-10-15-17D, the reporting entity shall measure the fair value of the financial assets and the fair value of the financial liabilities of the collateralized financing entity using the requirements of Topic 820 on fair value measurement. If Topic 820 is applied, any initial difference in the fair value of the financial assets and the fair value of the financial liabilities of the collateralized financing entity shall be reflected in earnings and attributed to the reporting entity in the consolidated statement of income (loss).
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