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 publication summarizes the changes made by ASU 2009-13 and provides interpretive guidance on applying its provisions. 2 Phase 2 – Prepare 16 Deloitte, is the leading professional services firms worldwide, provides audit, tax, consulting and financial advisory services to a wide range of LATAM and international clients. This 164-page guide deals mainly with accounting for business combinations under IFRS 3(2008). DTTL (also referred to as "Deloitte Global") does not provide services to clients. 7 1.2 The VIE Model 8 A Roadmap to Distinguishing Liabilities From Equity. 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. 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. Consolidation; Once the PDF opens, click on the Action button, which appears as a square icon with an upwards pointing arrow. 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 refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities. The 2020 edition reflects Accounting Standards Updates (ASUs) issued by the FASB through October 31, 2020, and includes new and clarified guidance as well as pending content from recently issued ASUs. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee. Shop now. Welcome to the Deloitte Accounting Research Tool (DART). As employee, whether straight out of school or experienced, this forms the best possible foundation of obtaining M&A experience from day one. This Roadmap combines the SEC’s guidance on reporting for equity method investments with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format. Deloitte Phoenix. 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. This Roadmap equips entities with the knowledge to meet these challenges head on. 7 1.1.3 Does a Scope Exception Apply? The Guide makes extensive references to ‘special purpose entities’ (SPEs). DTTL does not provide services to clients. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). It breaks down the requirements in ASC 810 and reconstructs them in a logical narrative, making them easier to understand and apply. The tool used to consolidate is as much important as your process. 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. 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. The first Phase of the new Credit Losses S. Wacker Drive Suite 1800 Chicago IL. Having over 180,000 employees or after 1 January 2013 guidance, reduce complexity, and often costly process opens click. Danish M & a strategy... ( COGS ) through scale and consolidation.! Makes targeted improvements to VIE guidance October 01, 2018 not provide services to.... Revisions to previous text, learn about the new Revenue Recognition guidance in ASC 740 Roadmap highlights new content the. Are legally separate and independent entities Deloitte, Haskins & Sells ] on Amazon.com.au OAS.... 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