Pwc's Cfodirect Podcast

To close out our four-part Back to basics discussion on consolidation accounting, we turn to presentation and disclosure. In this episode, we discuss how consolidated entities are reflected in the financial statements, the disclosure requirements for both variable interest entities (VIEs) and voting interest entities (VOEs), and what a company may need to disclose when it holds an interest in a VIE but does not consolidate it.Key topics and timestamps2:28 – The purpose of consolidated financial statements and the guiding frameworks6:20 – General consolidation presentation and disclosure principles8:28 – Principles and objectives for the presentation and disclosure of variable interests in VIEs, including from the perspective of: 12:51 – A holder of variable interests in a VIE, regardless of primary beneficiary status14:51 – A primary beneficiary of a VIE16:47 – An entity with variable interests in VIEs for which it is not the primary beneficiary21:05 – Presentation and disclosure for VOEsAdditional resourcesT