Program Description: The objective of the course is to enable participants to comprehend the accounting for consolidated financial statements under ASC 810, with a focus on the identification of entities that must be consolidated. This program utilizes practical examples and case studies from different industries to demonstrate the consolidation process and the elimination of intercompany transactions. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 810 – Consolidated Financial Statements principles in their professional roles. The course also covers in-depth topics such as the variable interest entity model, the voting interest entity model, and the recognition and presentation of noncontrolling interests in consolidated financial statements.

Course Coverage:

1.Overview of ASC 810

2.Variable interest entity (VIE) model and primary beneficiary determination

3.Voting interest entity model and consolidation procedures

4.Noncontrolling interests — recognition, measurement and disclosure

Learning Objectives:

1.Recognize the principles that govern the determination of whether an entity must be consolidated under ASC 810.

2.Distinguish between variable interest entities and voting interest entities and the consolidation model applicable to each.

3.Apply the rules to identify the primary beneficiary of a variable interest entity and the conditions under which consolidation is required.

4.Understand how to account for noncontrolling interests on the consolidated financial statements, including the appropriate recognition and measurement.

5.Comprehend the criteria used to determine if a reporting entity is the primary beneficiary of a variable interest entity, including the conditions under which consolidation must be reassessed.

Passing Score: 70%

Validity of the course: 1 year from date of enrolment

Available from: August 2025

Available Discount: Group discounts of 10% available for 5 or more participation

Last Updated: August 2025

Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.

Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.

Keywords: Consolidated Financial Statements, Variable Interest Entity, VIE, Primary Beneficiary, VOE,  Noncontrolling Interests, Intercompany Eliminations, Consolidation, Control, Deconsolidation, Disclosure Requirements, Financial Statement Presentation, US GAAP, Accounting, Online Learning, CPA, CPE, Certification.

Special Notice:

• Ernst & Young Associates LLP-India is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
• CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
• Each Participant has the flexibility to take unlimited attempts to clear the assessment.
• Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.

Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com. For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com

Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.