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The consolidation framework – Determining the primary beneficiary
We conclude our miniseries on consolidation accounting with an episode on identifying the primary beneficiary of a VIE, the reporting entity required to consolidate the VIE. In this episode, we discuss:3:15 – Determining which entity should consolidate the VIE6:07 – The primary beneficiary power criterion17:35 – The primary beneficiary economics criterion 21:17 – Related party impacts on the VIE model26:00 – Ongoing reassessment of the primary beneficiary For more information on this topic, read chapter 5 of our Consolidation guide. Also, for an overview of the consolidation framework, listen…
The skinny
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