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FASB proposes reorganization of consolidation guidance

  • FASB document Image

Sep 20, 2017

The FASB has issued a proposed Accounting Standards Update (ASU), “Reorganization,” which affects the current organization of the consolidation guidance in ASC 810.

The pro­posed ASU will create a new Codification topic, ASC 812, that reorganizes and clarifies certain aspects of the consolidation guidance. The goal of the proposed ASU is to make “navigating and understanding consolidation guidance easier without affecting how consolidation analyses are currently performed.”

Com­ments on the proposal are due by December 4, 2017. For more in­for­ma­tion, see Deloitte's October 5, 2017, Heads Up, as well as the pro­posed ASU on the FASB’s Web site.

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