Consolidation of Variable Interest Entities A Roadmap to Applying the Variable Interest Entities Consolidation Model
March 2010

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Contents
Acknowledgments Introduction Section 1 — Overview, Background, and Scope
1.01 1.02 Determining Which Consolidation Model to Apply Consideration of Substantive Terms, Transactions, and Arrangements Substantive Terms and Arrangements Scope and Scope Exceptions Overall Scope Considerations 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 Application of the VIE Model in ASC 810-10 to Non-SPEs Qualification of a SPE as a Voting Interest Entity Application of the VIE Model in ASC 810-10 to Multitiered Legal Entity Structures Application of the VIE Model in ASC