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FASB Accounting Standards Codification Topic 810, Consolidation

Authoritative US GAAP source for determining when one reporting entity presents another legal entity on a consolidated basis and for noncontrolling interests.

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Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Topic 810 as accessed 2026-08-08
Relevant parts
Topic 810; voting-interest entities, variable-interest entities, consolidation procedures, and noncontrolling interests
Currency
current · checked Aug 8, 2026

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Ownership percentage is evidence, not the whole model. The reporting entity first establishes which consolidation framework applies, then evaluates control under that framework. Once consolidation is required, worksheet eliminations remove internal balances and transactions; they do not erase the underlying legal-entity records.