FASB makes targeted improvements to VIE guidance October 01, 2018. A Roadmap to SEC Reporting Considerations for Guarantees and Collateralizations. Software Revenue Recognition — A Roadmap to Applying ASC 985-605. 3. Deloitte guide to IFRS 3 and IAS 27 In July 2008, the Deloitte IFRS Global Office has published Business Combinations and Changes in Ownership Interests: A Guide to the Revised IFRS 3 and IAS 27 . This Roadmap provides Deloitte’s insights into and interpretations of the guidance on share-based payment arrangements in ASC 718 (employee and nonemployee awards) and ASC 505-50 (nonemployee awards before the adoption of ASU 2018-07) as well as in other literature (e.g., ASC 260 and ASC 805). A Roadmap to Accounting for Share-Based Payment Awards (2020). This Roadmap provides an overview of the accounting and disclosure guidance in ASC 820 and ASC 825 as well as insights into how to apply this guidance in practice. Deloitte Financial Consolidation app is an ALM ready app with project-ready and deployable readiness where in multiple environments – Dev and Prod can be handled This is crucial as there are on-going fixes that need to be incorporated while the production environment is live, with no changes to Prod environment while those fixes are being made Deloitte are experts in audit business having over 180,000 employees. 1. A Roadmap to Applying the New Leasing Standard. topics of broad interest to the financial reporting community. Please install the latest version of Internet Explorer or Chrome. 7 1.1.3 Does a Scope Exception Apply? This Roadmap provides Deloitte’s insights into and interpretations of the guidance on noncontrolling interests, primarily that in ASC 810-10 and ASC 480-10-S99. Deloitte Ireland LLP is a limited liability partnership registered in Northern Ireland with registered number NC1499 and its registered office at 19 Bedford Street, Belfast BT2 7EJ, Northern Ireland. This publication explores some of the key differences between IFRS® Standards and U.S. GAAP effective as of January 1, 2021, for public business entities that have a calendar-year annual reporting period. 2016-13, Measurement of Credit Losses on Financial Instruments (codified in ASC 326), with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. Preparing for an initial public offering (IPO) can be a complex, time-consuming, and often costly process. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Deloitte Touche Tohmatsu Limited / d ə ˈ l ɔɪ t ˈ t uː ʃ t oʊ ˈ m ɑː t s uː /, commonly referred to as Deloitte, is an Anglo-American multinational professional services network. application. 7 1.1.4 Does the Reporting Entity Hold a Variable Interest in the Legal Entity? This was because the decision of whether to consolidate or not was based on ownership percentage and was relatively simple. DTTL (also referred to as "Deloitte Global") and each of its member firms are legally separate and independent entities. The 2020 edition reflects recent developments related to non-GAAP measures, including the SEC’s January 2020 interpretive release that provides guidance on the disclosure and use of key performance indicators and metrics. A Roadmap to Consolidation — Identifying a Controlling Financial Interest. This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements as well as Deloitte’s insights into and interpretations of how to apply that guidance in practice. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 280. Deloitte is a worldwide brand which has thousands of independent firms who collaborate to provide financial services such as audits and risk analyses. The 2020 edition of this Roadmap includes several new discussions, as well as some modifications to previously expressed views, to reflect our latest thinking and input from standard setters and regulators. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee. This 164-page guide deals mainly with accounting for business combinations under IFRS 3(2008). A Roadmap to Accounting and Financial Reporting for Carve-Out Transactions. 5. also addresses the voting interest entity model and provides a framework for its This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on environmental obligations in ASC 410-30 and asset retirement obligations (AROs) in ASC 410-20. Download our Ultimate Assessment Day & Interview Guide 2021 here. A Roadmap to the Issuer’s Accounting for Convertible Debt. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. Accordingly, this Roadmap addresses financial reporting, accounting, and auditing considerations to help companies navigate challenges related to preparing an IPO registration statement and ultimately going public. This publication contains extracts of frequently issued SEC staff comments, analysis of those extracts, and links to resources that are relevant to SEC filers. This Roadmap provides an overview of the guidance in ASC 815-40 as well as insights into and interpretations of how to apply it in practice. DTTL and each of its member firms are legally separate and independent entities. Prior to FIN 46R, now incorporated into ASC 810, consolidation was a largely mechanical process. FIN 46 changed consolidation profoundly by introducing a new concept: control exercised through economic power. A Roadmap to Non-GAAP Financial Measures and Metrics. Proceed to site anyway, with a sub-optimal experience Comprehensive, easy-to-understand accounting guides on selected This Roadmap is a comprehensive guide to navigating the frequently complex consolidation accounting models. It breaks down the requirements in ASC 810 and reconstructs them in a logical narrative, making them easier to understand and apply. This Roadmap is a comprehensive guide to navigating the frequently complex consolidation accounting models. Provides a brief overview of what outsourcing is, and describes Deloitte’s approaches to Outsourcing Advisory Services (OAS). In addition, the Roadmap highlights (1) the requirements of ASC 842 that significantly differ from those in ASC 840 and IFRS 16 and (2) recent standard-setting developments (through the May 20, 2020, FASB meeting). It Deloitte Corporate Finance is the leading Danish M&A adviser and we have an increasing high level of activity. More than 240,000+ people are employed with Deloitte… The Roadmap reflects guidance issued through November 25, 2020, and discusses several active FASB projects that may result in changes to current requirements. Securitization was already a complicated area of accounting affecting investment decisions, even before new rules on credit losses, new disclosure requirements, and reference rate reform. (It's packed with tips, tricks and insider-secrets to help you succeed.) interest entity (VIE) and whether a reporting entity should consolidate the VIE, it Biden Defense Team Needs To Speed Consolidation Of Pentagon’s Vulnerable Cloud Architecture Loren Thompson Senior Contributor Opinions … Has its presence in over 150 countries. This publication summarizes the changes made by ASU 2009-13 and provides interpretive guidance on applying its provisions. Consolidation of the Companies Act, 1985: A Commentary and Guide [Deloitte Haskins & Sells] on Amazon.com.au. From within the action menu, select the "Copy to iBooks" option. IFRS 10 outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Roadmap-Consolidation of Variable Interest Entities_Deloitte 0310 - Free ebook download as PDF File (.pdf), Text File (.txt) or read book online for free. Consolidation of the Companies Act, 1985: A Commentary and Guide: Amazon.es: Deloitte Haskins & Sells: Libros en idiomas extranjeros The 2020 edition of this Roadmap includes several new discussions and eliminates certain guidance that is no longer relevant because of the effective dates of several ASUs. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 805 on business combinations, pushdown accounting, common-control transactions, and asset acquisitions as well as an overview of related SEC reporting requirements. Preparing to adopt the amendments include several steps, such as validating and updating an organization’s inventory of legal entities and updating its financial statement disclosures. This Roadmap combines the SEC’s guidance on reporting for business acquisitions — including acquisitions of real estate operations and pro forma financial information — with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format. This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries. It breaks down the requirements in ASC 810 and reconstructs them in a logical narrative, making them easier to understand and apply. The Guide makes extensive references to ‘special purpose entities’ (SPEs). A Roadmap to Foreign Currency Transactions and Translations. Copyright © 2020 Deloitte Development LLC. Qualitative Goodwill Impairment Assessment — A Roadmap to Applying the Guidance in ASU 2011-08, This publication addresses considerations related to adopting and performing a qualitative assessment of goodwill impairment in accordance with FASB ASU 2011-08, "Testing Goodwill for Impairment. Deloitte has been appointed a strategic partner in Malaysia, offering Sigma Conso solutions and services to optimise financial consolidation and reporting process in organisations. About Deloitte & the Deloitte assessment centre. Consolidation of the Companies Act, 1985: A Commentary and Guide: Deloitte Haskins & Sells: Amazon.sg: Books A Roadmap to Accounting for Current Expected Credit Losses. As software technology continues to evolve, entities are continually confronting new challenges in recognizing revenue for software arrangements. The 2019 edition includes updates made on the basis of recent SEC activity and practice developments, including the SEC’s issuance of a proposed rule in May 2019 that would amend the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. Big Permian Basin producer Diamondback Energy FANG announced a pair of big acquisitions designed to enhance its presence in America’s most active shale oil and gas basin on Monday. A detailed discussion of accounting guidance and related considerations can be found in Deloitte’s “Securitization Accounting,” 11th edition. To find the text in the Roadmap that corresponds to a former Q&A, While the discussion focuses primarily on the complexities of identifying whether a legal entity is a variable interest entity (VIE) and whether a reporting entity should consolidate the VIE, it also addresses the voting interest entity model and provides a framework for its application. DELOITTE CEO ANNOUNCES US$20 BILLION REVENUES FOR FY2006 AND SEES MORE CONSOLIDATION AMONG SMALL TO MEDIUM SIZED FIRMS Buenos Aires - 16 October 2006. This publication breaks down the requirements in ASC 8101 and reconstructs them in a logical narrative, making them easier to understand and apply. The FASB’s amended consolidation model significantly changes the consolidation analysis required in ASC 810 and could result in significant impacts to the consolidation conclusions of reporting entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. The body of this Roadmap combines the requirements in FASB Accounting Standards Update No. DTTL does not provide services to clients. 6.1 M&A strategy ... (COGS) through scale and consolidation efficiencies. Consolidation is an important and current theme within the investment industry. Topics discussed include the basic principles of a carve-out transaction, accounting and disclosure guidance on common balance sheet and income statement items included in carve-out financial statements, and SEC reporting topics that entities should take into account when preparing IPO and other SEC filings. Appendix G of the Roadmap summarizes the key changes made in the 2020 edition and maps prior Roadmap Q&As to current Roadmap sections. Deloitte has been appointed a strategic partner in Malaysia, offering Sigma Conso solutions and services to optimise financial consolidation and reporting process in organisations. 1 Phase 1 – Assess 10 The first phase of the process where requirements are defined and which vendors to engage with are reviewed. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. Deloitte New York (HQ) New York – National Office 30 Rockefeller Plaza, 41st Floor New York, NY 10112-0015 United States. Designed to increase your visibility into how we can best solve your business challenges, Deloitte OnLine enriches the interaction between your team and ours. A Roadmap to Consolidation — Identifying a Controlling Financial Interest The Deloitte International Tax Source (DITS) is an online database featuring tax rates and information for 66 jurisdictions worldwide and country tax highlights for more than 130 jurisdictions. Deloitte Houston. This Roadmap provides an overview of the FASB’s authoritative guidance, as well as our insights and interpretations, on (1) the transferor’s and transferee’s accounting for a transfer of financial assets or servicing rights and (2) the servicer’s accounting for a right or obligation to service financial assets. Forecasts an increase of revenues of 12.5% for FY2007 DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. narrative, making them easier to understand and apply. Deloitte Financial Consolidation App contains reports that helps clients adopt a step by step approach to see the differences in GL accounts compared to a previous year Users in a single DB, can drill down to multiple reports to identify what are the main sources of differences – including type of journal, GL account details and also Entity Financial strain, new modes of care delivery to drive provider consolidation through 2030 As a result of rapid consolidation, the 10 biggest health … Deloitte OnLine Is a client-focused website aimed at enhancing your communication and collaboration with the people of Deloitte. A Roadmap to SEC Comment Letter Considerations, Including Industry Insights. FASB Accounting Standards Codification Manual, SEC Rules & Regulations (Title 17 — Commodity and Securities Exchanges), Trust Services Principles, Criteria, and Illustrations, Principles and Criteria for XBRL-Formatted Information, Audit and Accounting Guides & Audit Risk Alerts, Other Publications, Press Releases, and Reports, Dbriefs Financial Reporting Presentations, Business Combinations — SEC Reporting Considerations, Consolidation — Identifying a Controlling Financial Interest, Contingencies, Loss Recoveries, and Guarantees, Environmental Obligations and Asset Retirement Obligations, Equity Method Investments and Joint Ventures, Equity Method Investees — SEC Reporting Considerations, Foreign Currency Transactions and Translations, Guarantees and Collateralizations — SEC Reporting Considerations, Impairments and Disposals of Long-Lived Assets and Discontinued Operations, SEC Comment Letter Considerations, Including Industry Insights, Roadmaps Currently Available Only as a PDF. Welcome to ComplianceWeek.com. guide to navigating the frequently complex consolidation accounting models. A Roadmap to the Preparation of the Statement of Cash Flows, This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on the statement of cash flows, primarily that in ASC 230, “Statement of Cash Flows.”, Transfers and Servicing of Financial Assets. ... Investment Manager Selection Guide (PRI, 2020) ... (Deloitte) This 24-page white paper from Deloitte discusses the future impact of technology upon global fund management businesses. Tools. Appendix G of the Roadmap highlights new content in the 2020 edition as well as substantive revisions to previous text. We have new and used copies available, in 1 editions - starting at $6.73. The guide will then be saved to your iBooks app for future access. So, if you have a particularly good reason for why you do not have one or more of the entry requirements, Deloitte welcomes you to apply and will take your circumstances into account. Other features include (1) an update on the SEC’s priorities; (2) a summary of comment letter trends related to the top 10 topics of frequent comment in the 12-month period ended July 31, 2019; and (3) topics of focus related to disclosures associated with financial statement accounting, SEC reporting, initial public offerings, foreign private issuers, and industry-specific matters. This Roadmap is a comprehensive A guide to Mergers and Acquisitions in the UK ... considerations. The body of the Roadmap combines the requirements in ASC 842 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. Yet, taking time to develop KPIs for the new entity, a streamlined consolidation process, a well-defined reporting strategy, and a vision for planning and budgeting can lay a strong foundation and maintain momentum after Day One. In each of these areas, Deloitte has a specialist team available to assist. Amazon.ae: Consolidation of the Companies Act, 1985: A Commentary and Guide: Deloitte Haskins & Sells: Coopers & Lybrand Deloitte *FREE* shipping on eligible orders. This Roadmap replaces the Deloitte Q&As that were contained in A Roadmap to Accounting for Noncontrolling Interests. The tool used to consolidate is as much important as your process. 111 S. Wacker Drive Suite 1800 Chicago, IL 60606-4301 United States. Eric Ryan is an expert in the enterprise performance management (EPM) space with more than 15 years of experience.. Thiagu Bala is the solution owner for several next-generation consolidation solutions for Deloitte, where he leverages the modern digital finance architecture.. Satyendra Raghav is a specialist in the finance and enterprise performance management practice at Deloitte. All rights reserved. Multiple-Element Arrangements — A Roadmap to Applying the Revenue Recognition Guidance in ASU 2009-13. ", A Roadmap to Applying the New Revenue Recognition Standard. Deloitte S.C. is part of the Deloitte Touche Tohmatsu Limited network. What outsourcing is, and arrive at appropriate Accounting conclusions new challenges in recognizing Revenue for software Arrangements entities NCI! Upwards pointing arrow Act, 1985: a Commentary and guide [ Deloitte Haskins & Sells OnLine at Alibris aspects. What outsourcing is, and appendix C includes a Disclosure checklist for the preparation presentation. Consolidate or not was based on ownership percentage and was relatively simple and! 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