Error loading player: No playable sources found
COR2308
Accounting for Investments - Consolidation and Equity Method
Date
December 4, 2023
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: 2023 AICPA & CIMA Construction & Real Estate Conference
Companies often make investments without buying an entire company. Companies may purchase a controlling interest or a non-controlling/significant interest in an investee. Depending on the facts and circumstances, companies may account for an investment as a controlled subsidiary (i.e., consolidation), an equity method investment or a financial instrument. This session focuses on the following methods of accounting for investments: * Consolidation (ASC 810) * Equity method (ASC 323) The session will also cover when it is appropriate to use proportionate consolidation.
Learning Objectives
- Distinguish between the different methods for accounting for investments
- Determine the appropriate accounting when there are differences in a company’s influence over an investee’s operating and financial policies and activities: Control – consolidation (100% of investee’s results); Significant influence – equity method (ownership % of investee’s results); No control or significant influence
- Determine when and how to apply the different consolidation models: The Variable Interest Model and The Voting Interest Model
- Apply the following Variable Interest Model concepts: Identify when entity has a variable interest in another entity; Understand the characteristics of a variable interest entity (VIE); Understand and determine the primary beneficiary
- Determine when and how to apply the equity method of accounting and proportionate consolidation
Speakers
Managing Director, CBIZ
Ryan M. Scott, CPA, MBA
Vice President and Corporate Controller, MasTec, Inc.
Session Categories
Related Products
Scaling the Tax Terrain: Pioneering Savings for Real Estate Clients, presented by MS Consultants
Let us help you assist your clients with reducing their 2023 income tax liability. Kyle Young, Ashley Sullivan & Mike Smith, all directors at MSC, will go over many strategies and examples for your clients to apply to their specific situation…
Construction A&A Panel
Panel will discuss and answer questions related to construction A&A topics…
Summary of the Energy Tax Incentives under the Inflation Reduction Act and Research Incentives, presented by Source Advisors
Overview of of Section §179D Commercial Building Tax Deduction, §45L Energy Efficient Home Credit, §48 Energy Credit, §25C Energy Efficient Home Improvement Credit…
The Checklist: Real Estate Incentives for TY 2023, presented by Capstan
This session is based on an easy-to-scan checklist of real estate incentives we created to help CPAs review opportunities with clients. We'll cover the 12+ incentives included on "The Checklist" in a case-based presentation…
