# ASC 810-10-50: Consolidation — Overall — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/10/#50-disclosure)

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## ASC 810-10-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/810/10/#50-disclosure)

SEC content: no

#### Consolidation Policy

##### [810-10-50-1](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1)

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[Consolidated financial statements](https://asc.understandingaccounting.org/glossary/c/#consolidated-financial-statements "The financial statements of a consolidated group of entities that include a parent and all its subsidiaries presented as those of a single economic entity.") shall disclose the consolidation policy that is being followed. In most cases this can be made apparent by the headings or other information in the financial statements, but in other cases a note to financial statements is required.

#### Parent with a Less-Than-Wholly-Owned Subsidiary

##### [810-10-50-1A](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1A)

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A [parent](https://asc.understandingaccounting.org/glossary/p/#parent "An entity that has a controlling financial interest in one or more subsidiaries. (Also, an entity that is the primary beneficiary of a variable interest entity.)") with one or more less-than-wholly-owned [subsidiaries](https://asc.understandingaccounting.org/glossary/s/#subsidiary "An entity, including an unincorporated entity such as a partnership or trust, in which another entity, known as its parent, holds a controlling financial interest. (Also, a variable interest entity that is consolidated by a primary beneficiary.)") shall disclose all of the following for each reporting period:

1.  a
    
    Separately, on the face of the consolidated financial statements, both of the following:
    
    1.  1
        
        The amounts of consolidated net income and consolidated comprehensive income
        
    2.  2
        
        The related amounts of each attributable to the parent and the [noncontrolling interest](https://asc.understandingaccounting.org/glossary/n/#noncontrolling-interest "The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest.").
        
    
2.  b
    
    Either in the notes or on the face of the consolidated income statement, amounts attributable to the parent for any of the following, if reported in the consolidated financial statements:
    
    1.  1
        
        Income from continuing operations
        
    2.  2
        
        Discontinued operations
        
    3.  3
        
        [Subparagraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/).
        
    
3.  c
    
    Either in the consolidated statement of changes in equity, if presented, or in the notes to consolidated financial statements, a reconciliation at the beginning and the end of the period of the carrying amount of total equity (net assets), equity (net assets) attributable to the parent, and equity (net assets) attributable to the noncontrolling interest. That reconciliation shall separately disclose all of the following:
    
    1.  1
        
        Net income
        
    2.  2
        
        Transactions with owners acting in their capacity as owners, showing separately contributions from and distributions to owners
        
    3.  3
        
        Each component of other comprehensive income.
        
    
4.  d
    
    In notes to the consolidated financial statements, a separate schedule that shows the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent.
    

Example 2 (see paragraph [810-10-55-4G](https://asc.understandingaccounting.org/asc/810/10/#810-10-55-4G)) illustrates the application of the guidance in this paragraph.

#### Deconsolidation of a Subsidiary

##### [810-10-50-1B](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1B)

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In the period that either a subsidiary is deconsolidated or a group of assets is derecognized in accordance with paragraph [810-10-40-3A](https://asc.understandingaccounting.org/asc/810/10/#810-10-40-3A), the parent shall disclose all of the following:

1.  a
    
    The amount of any gain or loss recognized in accordance with paragraph [810-10-40-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-40-5)
    
2.  b
    
    The portion of any gain or loss related to the remeasurement of any retained investment in the former subsidiary or group of assets to its fair value
    
3.  c
    
    The caption in the income statement in which the gain or loss is recognized unless separately presented on the face of the income statement
    
4.  d
    
    A description of the valuation technique(s) used to measure the fair value of any direct or indirect retained investment in the former subsidiary or group of assets
    
5.  e
    
    Information that enables users of the parent's financial statements to assess the inputs used to develop the fair value in item (d)
    
6.  f
    
    The nature of continuing involvement with the subsidiary or entity acquiring the group of assets after it has been deconsolidated or derecognized
    
7.  g
    
    Whether the transaction that resulted in the deconsolidation or derecognition was with a related party
    
8.  h
    
    Whether the former subsidiary or entity acquiring a group of assets will be a related party after deconsolidation.
    

Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)In the period that either a subsidiary is deconsolidated or a group of assets is derecognized in accordance with paragraph [810-10-40-3A](https://asc.understandingaccounting.org/asc/810/10/#810-10-40-3A), the parent shall disclose all of the following:

1.  a
    
    The amount of any gain or loss recognized in accordance with paragraph [810-10-40-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-40-5)
    
2.  b
    
    The portion of any gain or loss related to the remeasurement of any retained investment in the former subsidiary or group of assets to its fair value
    
3.  c
    
    The caption in the income statement in which the gain or loss is recognized unless separately presented on the face of the income statement
    
4.  d
    
    A description of the valuation technique(s) used to measure the fair value of any direct or indirect retained investment in the former subsidiary or group of assets
    
5.  e
    
    Information that enables users of the parent's financial statements to assess the inputs used to develop the fair value in item (d)
    
6.  f
    
    The nature of continuing involvement with the subsidiary or entity acquiring the group of assets after it has been deconsolidated or derecognized
    
7.  g
    
    Whether the transaction that resulted in the deconsolidation or derecognition was with a related party
    
8.  h
    
    Whether the former subsidiary or entity acquiring a group of assets will be a related party after deconsolidation.
    

See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

#### A Change in the Difference Between Parent and Subsidiary Fiscal Year-Ends

##### [810-10-50-2](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2)

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An entity should make the disclosures required pursuant to Topic 250. This paragraph applies to all entities that change (or eliminate) a previously existing difference between the reporting periods of a parent and a consolidated entity or an investor and an equity method investee. This paragraph does not apply in situations in which a parent entity or an investor changes its fiscal year-end.

### Variable Interest Entities

##### [810-10-50-2A](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2A)

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[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-2AA](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AA)

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The principal objectives of this Subsection's required disclosures are to provide financial statement users with an understanding of all of the following:

1.  a
    
    The significant judgments and assumptions made by a reporting entity in determining whether it must do any of the following:
    
    1.  1
        
        Consolidate a [variable interest entity](https://asc.understandingaccounting.org/glossary/v/#variable-interest-entity "A legal entity subject to consolidation according to the provisions of the Variable Interest Entities Subsections of Subtopic 810-10.") (VIE)
        
    2.  2
        
        Disclose information about its involvement in a VIE.
        
2.  b
    
    The nature of restrictions on a consolidated VIE's assets and on the settlement of its liabilities reported by a reporting entity in its statement of financial position, including the carrying amounts of such assets and liabilities.
    
3.  c
    
    The nature of, and changes in, the risks associated with a reporting entity's involvement with the VIE.
    
4.  d
    
    How a reporting entity's involvement with the VIE affects the reporting entity's financial position, financial performance, and cash flows.

##### [810-10-50-2AB](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AB)

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A reporting entity shall consider the overall objectives in the preceding paragraph in providing the disclosures required by this Subsection. To achieve those objectives, a reporting entity may need to supplement the disclosures otherwise required by this Subsection, depending on the facts and circumstances surrounding the VIE and a reporting entity's interest in that VIE.

##### [810-10-50-2AC](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AC)

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The disclosures required by this Subsection may be provided in more than one note to the financial statements, as long as the objectives in paragraph [810-10-50-2AA](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AA) are met. If the disclosures are provided in more than one note to the financial statements, the reporting entity shall provide a cross reference to the other notes to the financial statements that provide the disclosures prescribed in this Subsection for similar entities.

##### [810-10-50-2AD](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AD)

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[Paragraph superseded by Accounting Standards Update No. 2018-17](https://asc.understandingaccounting.org/updates/asu-2018-17/)

##### [810-10-50-2AE](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AE)

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[Paragraph superseded by Accounting Standards Update No. 2018-17](https://asc.understandingaccounting.org/updates/asu-2018-17/).

##### [810-10-50-2AF](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AF)

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[Paragraph superseded by Accounting Standards Update No. 2018-17](https://asc.understandingaccounting.org/updates/asu-2018-17/)

#### Accounting Alternative for Entities under Common Control

##### [810-10-50-2AG](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AG)

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A reporting entity that neither consolidates nor applies the requirements of the Variable Interest Entities Subsections to a [legal entity](https://asc.understandingaccounting.org/glossary/l/#legal-entity "Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts.") under common control because it meets the criteria in paragraph [810-10-15-17AD](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-17AD) shall disclose the following:

1.  a
    
    The nature and risks associated with a reporting entity's involvement with the legal entity under common control.
    
2.  b
    
    How a reporting entity's involvement with the legal entity under common control affects the reporting entity's financial position, financial performance, and cash flows.
    
3.  c
    
    The carrying amounts and classification of the assets and liabilities in the reporting entity's statement of financial position resulting from its involvement with the legal entity under common control.
    
4.  d
    
    The reporting entity's maximum exposure to loss resulting from its involvement with the legal entity under common control. If the reporting entity's maximum exposure to loss resulting from its involvement with the legal entity under common control cannot be quantified, that fact shall be disclosed.
    
5.  e
    
    If the reporting entity's maximum exposure to loss (as required by (d)) exceeds the carrying amount of the assets and liabilities as described in (c), qualitative and quantitative information to allow users of financial statements to understand the excess exposure. That information shall include, but is not limited to, the terms of the arrangements, considering both explicit and implicit arrangements, that could require the reporting entity to provide financial support (for example, implicit guarantee to fund losses) to the legal entity under common control, including events or circumstances that could expose the reporting entity to a loss.

##### [810-10-50-2AH](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AH)

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In applying the disclosure guidance in paragraph [810-10-50-2AG(d) through (e)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AG), a reporting entity under common control shall consider exposures through implicit guarantees. Determining whether an implicit guarantee exists is based on facts and circumstances. Those facts and circumstances include, but are not limited to, whether:

1.  a
    
    The [private company](https://asc.understandingaccounting.org/glossary/p/#private-company "An entity other than a public business entity, a not-for-profit entity, or an employee benefit plan within the scope of Topics 960 through 965 on plan accounting.") (reporting entity) has an economic incentive to act as a guarantor or to make funds available.
    
2.  b
    
    The private company (reporting entity) has acted as a guarantor for or made funds available to the legal entity in the past.

##### [810-10-50-2AI](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-2AI)

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In disclosing information about the legal entity under common control, a private company (reporting entity) shall present these disclosures in addition to the disclosures required by other guidance (for example, in Topics 460 on guarantees, Topic 850 on related party disclosures, and Topic 842 on [leases](https://asc.understandingaccounting.org/glossary/l/#lease "A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.")). Those disclosures could be combined in a single note or by including cross-references within the notes to financial statements.

#### Primary Beneficiary of a VIE

##### [810-10-50-3](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-3)

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The [primary beneficiary](https://asc.understandingaccounting.org/glossary/p/#primary-beneficiary "An entity that consolidates a variable interest entity (VIE). See paragraphs 810-10-25-38 through 25-38J for guidance on determining the primary beneficiary.") of a VIE that is a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") shall provide the disclosures required by other guidance. The primary beneficiary of a VIE that is not a business shall disclose the amount of gain or loss recognized on the initial consolidation of the VIE.In addition to disclosures required elsewhere in this Topic, the primary beneficiary of a VIE shall disclose all of the following:

1.  a
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
2.  b
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
3.  bb
    
    The carrying amounts and classification of the VIE's assets and liabilities in the statement of financial position that are consolidated in accordance with the Variable Interest Entities Subsections, including qualitative information about the relationship(s) between those assets and liabilities. For example, if the VIE's assets can be used only to settle obligations of the VIE, the reporting entity shall disclose qualitative information about the nature of the restrictions on those assets.
    
4.  c
    
    Lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary
    
5.  d
    
    Terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests that could require the reporting entity to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the reporting entity to a loss.
    

A VIE may issue voting equity interests, and the entity that holds a majority voting interest also may be the primary beneficiary of the VIE. If so, and if the VIE meets the definition of a business and the VIE's assets can be used for purposes other than the settlement of the VIE's obligations, the disclosures in paragraph [810-10-50-3(bb) through (d)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-3) are not required.

Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)The [primary beneficiary](https://asc.understandingaccounting.org/glossary/p/#primary-beneficiary "An entity that consolidates a variable interest entity (VIE). See paragraphs 810-10-25-38 through 25-38J for guidance on determining the primary beneficiary.") of a VIE that is a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") shall provide the disclosures required by other guidance. The primary beneficiary of a VIE that is not a business shall disclose the amount of gain or loss recognized on the initial consolidation of the VIE.In addition to disclosures required elsewhere in this Topic, the primary beneficiary of a VIE shall disclose all of the following:

1.  a
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
2.  b
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
3.  bb
    
    The carrying amounts and classification of the VIE's assets and liabilities in the statement of financial position that are consolidated in accordance with the Variable Interest Entities Subsections, including qualitative information about the relationship(s) between those assets and liabilities. For example, if the VIE's assets can be used only to settle obligations of the VIE, the reporting entity shall disclose qualitative information about the nature of the restrictions on those assets.
    
4.  c
    
    Lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary
    
5.  d
    
    Terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests that could require the reporting entity to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the reporting entity to a loss.
    

A VIE may issue voting equity interests, and the entity that holds a majority voting interest also may be the primary beneficiary of the VIE. If so, and if the VIE meets the definition of a business and the VIE's assets can be used for purposes other than the settlement of the VIE's obligations, the disclosures in paragraph [810-10-50-3(bb) through (d)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-3) are not required. See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The [primary beneficiary](https://asc.understandingaccounting.org/glossary/p/#primary-beneficiary "An entity that consolidates a variable interest entity (VIE). See paragraphs 810-10-25-38 through 25-38J for guidance on determining the primary beneficiary.") of a VIE that is a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") shall provide the disclosures required by other guidance. The primary beneficiary of a VIE that is not a business shall disclose the amount of gain or loss recognized on the initial consolidation of the VIE.In addition to disclosures required elsewhere in this Topic, the primary beneficiary of a VIE shall disclose all of the following in interim and annual reporting periods:

1.  a
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
2.  b
    
    [Subparagraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).
    
3.  bb
    
    The carrying amounts and classification of the VIE's assets and liabilities in the statement of financial position that are consolidated in accordance with the Variable Interest Entities Subsections, including qualitative information about the relationship(s) between those assets and liabilities. For example, if the VIE's assets can be used only to settle obligations of the VIE, the reporting entity shall disclose qualitative information about the nature of the restrictions on those assets.
    
4.  c
    
    Lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary
    
5.  d
    
    Terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests that could require the reporting entity to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the reporting entity to a loss.
    

A VIE may issue voting equity interests, and the entity that holds a majority voting interest also may be the primary beneficiary of the VIE. If so, and if the VIE meets the definition of a business and the VIE's assets can be used for purposes other than the settlement of the VIE's obligations, the disclosures in paragraph [810-10-50-3(bb) through (d)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-3) are not required. See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

#### Nonprimary Beneficiary Holder of a Variable Interest in a VIE

##### [810-10-50-4](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-4)

Pending content: yes

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:f2ccb06bbc7d1825944bd62d19acdbd6935323c359574b3146a45eb4bff89391

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


In addition to disclosures required by other guidance, a reporting entity that holds a variable interest in a VIE, but is not the VIE's primary beneficiary, shall disclose:

1.  a
    
    The carrying amounts and classification of the assets and liabilities in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the VIE.
    
2.  b
    
    The reporting entity's maximum exposure to loss as a result of its involvement with the VIE, including how the maximum exposure is determined and the significant sources of the reporting entity's exposure to the VIE. If the reporting entity's maximum exposure to loss as a result of its involvement with the VIE cannot be quantified, that fact shall be disclosed.
    
3.  c
    
    A tabular comparison of the carrying amounts of the assets and liabilities, as required by (a) above, and the reporting entity's maximum exposure to loss, as required by (b) above. A reporting entity shall provide qualitative and quantitative information to allow financial statement users to understand the differences between the two amounts. That discussion shall include, but is not limited to, the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, that could require the reporting entity to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the reporting entity to a loss.
    
4.  d
    
    Information about any liquidity arrangements, guarantees, and/or other commitments by third parties that may affect the fair value or risk of the reporting entity's variable interest in the VIE is encouraged.
    
5.  e
    
    If applicable, significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance is shared in accordance with the guidance in paragraph [810-10-25-38D](https://asc.understandingaccounting.org/asc/810/10/#810-10-25-38D).
    

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)In addition to disclosures required by other guidance, in interim and annual reporting periods, a reporting entity that holds a variable interest in a VIE, but is not the VIE's primary beneficiary, shall disclose:

1.  a
    
    The carrying amounts and classification of the assets and liabilities in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the VIE.
    
2.  b
    
    The reporting entity's maximum exposure to loss as a result of its involvement with the VIE, including how the maximum exposure is determined and the significant sources of the reporting entity's exposure to the VIE. If the reporting entity's maximum exposure to loss as a result of its involvement with the VIE cannot be quantified, that fact shall be disclosed.
    
3.  c
    
    A tabular comparison of the carrying amounts of the assets and liabilities, as required by (a) above, and the reporting entity's maximum exposure to loss, as required by (b) above. A reporting entity shall provide qualitative and quantitative information to allow financial statement users to understand the differences between the two amounts. That discussion shall include, but is not limited to, the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, that could require the reporting entity to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the VIE, including events or circumstances that could expose the reporting entity to a loss.
    
4.  d
    
    Information about any liquidity arrangements, guarantees, and/or other commitments by third parties that may affect the fair value or risk of the reporting entity's variable interest in the VIE is encouraged.
    
5.  e
    
    If applicable, significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance is shared in accordance with the guidance in paragraph [810-10-25-38D](https://asc.understandingaccounting.org/asc/810/10/#810-10-25-38D).

#### Relation to Topic 860 Disclosures

##### [810-10-50-5](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-5)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:c12ffc18aec0d20f9f729618e45a638832d083be52b93c4fd3abd7acc50db07e

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

#### Primary Beneficiaries or Other Holders of Interests in VIEs

##### [810-10-50-5A](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-5A)

Pending content: yes

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:15ff9544f56cd3d39f75894e60c5129012a5fe435013d19f37c32bf50d0b4631

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


A reporting entity that is a primary beneficiary of a VIE or a reporting entity that holds a variable interest in a VIE but is not the entity's primary beneficiary shall disclose all of the following:

1.  a
    
    Its methodology for determining whether the reporting entity is the primary beneficiary of a VIE, including, but not limited to, significant judgments and assumptions made. One way to meet this disclosure requirement would be to provide information about the types of involvements a reporting entity considers significant, supplemented with information about how the significant involvements were considered in determining whether the reporting entity is the primary beneficiary.
    
2.  b
    
    If facts and circumstances change such that the conclusion to consolidate a VIE has changed in the most recent financial statements (for example, the VIE was previously consolidated and is not currently consolidated), the primary factors that caused the change and the effect on the reporting entity's financial statements.
    
3.  c
    
    Whether the reporting entity has provided financial or other support (explicitly or implicitly) during the periods presented to the VIE that it was not previously contractually required to provide or whether the reporting entity intends to provide that support, including both of the following:
    
    1.  1
        
        The type and amount of support, including situations in which the reporting entity assisted the VIE in obtaining another type of support
        
    2.  2
        
        The primary reasons for providing the support.
        
4.  d
    
    Qualitative and quantitative information about the reporting entity's involvement (giving consideration to both explicit arrangements and implicit variable interests) with the VIE, including, but not limited to, the nature, purpose, size, and activities of the VIE, including how the VIE is financed. Paragraphs
    
    [810-10-25-49 through 25-54](https://asc.understandingaccounting.org/asc/810/10/#810-10-25-49)
    
    provide guidance on how to determine whether a reporting entity has an implicit variable interest in a VIE.
    

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)A reporting entity that is a primary beneficiary of a VIE or a reporting entity that holds a variable interest in a VIE but is not the entity's primary beneficiary shall disclose all of the following in interim and annual reporting periods:

1.  a
    
    Its methodology for determining whether the reporting entity is the primary beneficiary of a VIE, including, but not limited to, significant judgments and assumptions made. One way to meet this disclosure requirement would be to provide information about the types of involvements a reporting entity considers significant, supplemented with information about how the significant involvements were considered in determining whether the reporting entity is the primary beneficiary.
    
2.  b
    
    If facts and circumstances change such that the conclusion to consolidate a VIE has changed in the most recent financial statements (for example, the VIE was previously consolidated and is not currently consolidated), the primary factors that caused the change and the effect on the reporting entity's financial statements.
    
3.  c
    
    Whether the reporting entity has provided financial or other support (explicitly or implicitly) during the periods presented to the VIE that it was not previously contractually required to provide or whether the reporting entity intends to provide that support, including both of the following:
    
    1.  1
        
        The type and amount of support, including situations in which the reporting entity assisted the VIE in obtaining another type of support
        
    2.  2
        
        The primary reasons for providing the support.
        
4.  d
    
    Qualitative and quantitative information about the reporting entity's involvement (giving consideration to both explicit arrangements and implicit variable interests) with the VIE, including, but not limited to, the nature, purpose, size, and activities of the VIE, including how the VIE is financed. Paragraphs
    
    [810-10-25-49 through 25-54](https://asc.understandingaccounting.org/asc/810/10/#810-10-25-49)
    
    provide guidance on how to determine whether a reporting entity has an implicit variable interest in a VIE.

##### [810-10-50-5B](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-5B)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:52aa8304ec0ca91f6032877b4567099300b48956ff889cda7637972c07761b79

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


A VIE may issue voting equity interests, and the entity that holds a majority voting interest also may be the primary beneficiary of the VIE. If so, and if the VIE meets the definition of a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") and the VIE's assets can be used for purposes other than the settlement of the VIE's obligations, the disclosures in paragraph [810-10-50-5A](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-5A) are not required.

#### Scope-Related Disclosures

##### [810-10-50-6](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-6)

Pending content: yes

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:5cbd63967a577c34575b58f44847f6632f06d3d8d8fd3bca4f382edb60b318f0

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


A reporting entity that does not apply the guidance in the Variable Interest Entities Subsections to one or more VIEs or potential VIEs because of the condition described in paragraph [810-10-15-17(c)](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-17) shall disclose all the following information:

1.  a
    
    The number of [legal entities](https://asc.understandingaccounting.org/glossary/l/#legal-entity "Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts.") to which the guidance in the Variable Interest Entities Subsections is not being applied and the reason why the information required to apply this guidance is not available
    
2.  b
    
    The nature, purpose, size (if available), and activities of the legal entities and the nature of the reporting entity's involvement with the legal entities
    
3.  c
    
    The reporting entity's maximum exposure to loss because of its involvement with the legal entities
    
4.  d
    
    The amount of income, expense, purchases, sales, or other measure of activity between the reporting entity and the legal entities for all periods presented. However, if it is not practicable to present that information for prior periods that are presented in the first set of financial statements for which this requirement applies, the information for those prior periods is not required.
    

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)A reporting entity that does not apply the guidance in the Variable Interest Entities Subsections to one or more VIEs or potential VIEs because of the condition described in paragraph [810-10-15-17(c)](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-17) shall disclose all the following information in interim and annual reporting periods:

1.  a
    
    The number of [legal entities](https://asc.understandingaccounting.org/glossary/l/#legal-entity "Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts.") to which the guidance in the Variable Interest Entities Subsections is not being applied and the reason why the information required to apply this guidance is not available
    
2.  b
    
    The nature, purpose, size (if available), and activities of the legal entities and the nature of the reporting entity's involvement with the legal entities
    
3.  c
    
    The reporting entity's maximum exposure to loss because of its involvement with the legal entities
    
4.  d
    
    The amount of income, expense, purchases, sales, or other measure of activity between the reporting entity and the legal entities for all periods presented. However, if it is not practicable to present that information for prior periods that are presented in the first set of financial statements for which this requirement applies, the information for those prior periods is not required.

##### [810-10-50-7](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-7)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:1f0d11ab580613dc16c0159f9162bdc46bdc348a9515369944bcb383909f24e2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-8)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:1b1b68ceca24b5a106fa00c33fda511d4826f49410d5709d15445948584ab7d2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

#### Aggregation of Certain Disclosures

##### [810-10-50-9](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-9)

Pending content: yes

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:19427a6f91f992433b5b48496c2302ee3c0dbcdc82af0b96977d3b7872ec6500

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


Disclosures about VIEs may be reported in the aggregate for similar entities if separate reporting would not provide more useful information to financial statement users. A reporting entity shall disclose how similar entities are aggregated and shall distinguish between:

1.  a
    
    VIEs that are not consolidated because the reporting entity is not the primary beneficiary but has a variable interest
    
2.  b
    
    VIEs that are consolidated.
    

In determining whether to aggregate VIEs, the reporting entity shall consider quantitative and qualitative information about the different risk and reward characteristics of each VIE and the significance of each VIE to the entity. The disclosures shall be presented in a manner that clearly explains to financial statement users the nature and extent of an entity's involvement with VIEs.

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)Disclosures about VIEs may be reported in the aggregate for similar entities if separate reporting would not provide more useful information to financial statement users. For interim and annual reporting periods, a reporting entity shall disclose how similar entities are aggregated and shall distinguish between:

1.  a
    
    VIEs that are not consolidated because the reporting entity is not the primary beneficiary but has a variable interest
    
2.  b
    
    VIEs that are consolidated.
    

In determining whether to aggregate VIEs, the reporting entity shall consider quantitative and qualitative information about the different risk and reward characteristics of each VIE and the significance of each VIE to the entity. The disclosures shall be presented in a manner that clearly explains to financial statement users the nature and extent of an entity's involvement with VIEs.

##### [810-10-50-10](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-10)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:9cee71b17a7e901a2ce97f105b235722be983dec56ebf371fa20fcf2d3861112

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


A reporting entity shall determine, in light of the facts and circumstances, how much detail it shall provide to satisfy the requirements of the Variable Interest Entities Subsections. A reporting entity shall also determine how it aggregates information to display its overall involvements with VIEs with different risk characteristics. The reporting entity must strike a balance between obscuring important information as a result of too much aggregation and overburdening financial statements with excessive detail that may not assist financial statement users to understand the reporting entity's financial position. For example, a reporting entity shall not obscure important information by including it with a large amount of insignificant detail. Similarly, a reporting entity shall not disclose information that is so aggregated that it obscures important differences between the types of involvement or associated risks.

##### [810-10-50-11](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-11)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:779e5e78ae28e7a0c5983ba5d21a6f479f4a98730d816d9e947ca9a458532509

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-12](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-12)

Pending content: no

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Record version: sha256:c94b46c49f6803153f574954e20585fe7824b83adcd55c92c860e1e34ae6676d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-13](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-13)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:8b3a5180e6dd22cd931084756cf59dd89a07fb32ca35bcd0bcbc98772f60d859

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-14](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-14)

Pending content: no

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Record version: sha256:d18f50e5e2a3d663678e37f896dc0f0ec8d36c378f014201a460b19478304e43

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-15](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-15)

Pending content: no

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Record version: sha256:f0ee6f48c83431b4a6763c315bfb209b971d7f9074250968b73927b59f02d92d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-16](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-16)

Pending content: no

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Record version: sha256:139cb392eb5dbdfa909e0217ade4bb50079b64dc37d091a580630de85413c93a

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-17](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-17)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:1e92e5fba6ccef841f629edba09784c40cbce741184bbccb75164cf4691f55cb

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-18](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-18)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:8af1330eeeb4b79b7ab9c20578b0836e74bc34ba5a4f229f519039edab36ee7d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

##### [810-10-50-19](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-19)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:f93746fa53a40528210e5b8b49850f52e1146388917377753e6151ddf16a063b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2009-17](https://asc.understandingaccounting.org/updates/asu-2009-17/).

#### Collateralized Financing Entities

##### [810-10-50-20](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-20)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:4c01e64a265dfd149953cf0dbe44d41ef8fcec76fa362e170c64979687e60bb2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


A reporting entity that consolidates a [collateralized financing entity](https://asc.understandingaccounting.org/glossary/c/#collateralized-financing-entity "A variable interest entity that holds financial assets, issues beneficial interests in those financial assets, and has no more than nominal equity. The beneficial interests have contractual recourse only to the related assets of the collateralized financing entity and are classified as financial liabilities. A collateralized financing entity may hold nonfinancial assets temporarily as a result of default by the debtor on the underlying debt instruments held as assets by the collateralized financing entity or in an effort to restructure the debt instruments held as assets by the collateralized financing entity. A collateralized financing entity also may hold other financial assets and financial liabilities that are incidental to the operations of the collateralized financing entity and have carrying values that approximate fair value (for example, cash, broker receivables, or broker payables).") and measures the financial assets and the financial liabilities using the measurement alternative in paragraphs

[810-10-30-10 through 30-15](https://asc.understandingaccounting.org/asc/810/10/#810-10-30-10)

and

[810-10-35-6 through 35-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-35-6)

shall disclose the information required by Topic 820 on fair value measurement and Topic 825 on financial instruments for the financial assets and the financial liabilities of the consolidated collateralized financing entity.

##### [810-10-50-21](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-21)

Pending content: yes

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:c83d2cfcd305fd9a3e49db2d0c127ee8d27f21c851a175f7c1d29af31db84335

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


For the less observable of the fair value of the financial assets and the fair value of the financial liabilities of the collateralized financing entity that is measured in accordance with the measurement alternative in paragraphs

[810-10-30-10 through 30-15](https://asc.understandingaccounting.org/asc/810/10/#810-10-30-10)

and

[810-10-35-6 through 35-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-35-6)

, a reporting entity shall disclose that the amount was measured on the basis of the more observable of the fair value of the financial liabilities and the fair value of the financial assets.

Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For the less observable of the fair value of the financial assets and the fair value of the financial liabilities of the collateralized financing entity that is measured in accordance with the measurement alternative in paragraphs

[810-10-30-10 through 30-15](https://asc.understandingaccounting.org/asc/810/10/#810-10-30-10)

and

[810-10-35-6 through 35-8](https://asc.understandingaccounting.org/asc/810/10/#810-10-35-6)

, a reporting entity shall disclose that the amount was measured on the basis of the more observable of the fair value of the financial liabilities and the fair value of the financial assets in interim and annual reporting periods.

##### [810-10-50-22](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-22)

Pending content: no

Source downloaded (UTC): 2026-09-10T01:29:09.300Z to 2026-09-10T01:29:09.300Z

Record version: sha256:15b5541d73d79ea006bf18ec6645f6415c2dd9933eadfc1c2d5203ecc5f407ee

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The disclosures in paragraphs

[810-10-50-20 through 50-21](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-20)

do not apply to the financial assets and the financial liabilities that are incidental to the operations of the [collateralized financing entity](https://asc.understandingaccounting.org/glossary/c/#collateralized-financing-entity "A variable interest entity that holds financial assets, issues beneficial interests in those financial assets, and has no more than nominal equity. The beneficial interests have contractual recourse only to the related assets of the collateralized financing entity and are classified as financial liabilities. A collateralized financing entity may hold nonfinancial assets temporarily as a result of default by the debtor on the underlying debt instruments held as assets by the collateralized financing entity or in an effort to restructure the debt instruments held as assets by the collateralized financing entity. A collateralized financing entity also may hold other financial assets and financial liabilities that are incidental to the operations of the collateralized financing entity and have carrying values that approximate fair value (for example, cash, broker receivables, or broker payables).") and have carrying values that approximate fair value.