Back to basics: Consolidation—Determining the primary beneficiary

PwC's accounting podcast · Sep 3, 2026 · 31m · transcript

We’re continuing our refresher series on consolidation accounting. In this episode, learn how to determine which party, if any, should consolidate a variable interest entity (VIE). We explore key considerations for identifying a VIE’s primary beneficiary, including assessing power over the entity’s most significant activities, evaluating economic exposure, and considering related-party interests.

This episode is part of our new Back to basics series, where throughout the year, we’ll revisit core accounting topics. It is the third of four episodes on consolidation. In our first episode, Back…