US GAAP
ASC 842 Leases in Group Consolidation: What US GAAP Multi-Entity Groups Need to Know
When ASC 842 replaced ASC 840, the most headline-grabbing change was straightforward: operating leases, previously kept off balance sheet, now…
US GAAP Business Combinations: A Practical Guide to ASC 805 for Multi-Entity Groups
The deal closed on 1 March. A US-based professional services group had acquired a 75% controlling stake in a regional…
US GAAP Foreign Currency Translation: A Practical Guide to ASC 830 for Multi-Entity Groups
The Australian subsidiary had been running profitably for three years. In its own accounts, denominated in Australian dollars, it had…
Goodwill Impairment Under US GAAP: How ASC 350 Works and What It Means for Multi-Entity Groups
Goodwill impairment testing under US GAAP is governed by ASC 350-20 — a framework that differs from the IFRS approach…
Contingent Consideration in Group Consolidation: Why Earn-Outs and Deferred Payments Look Different in Your Consolidated Accounts
When a group acquires a business, the consideration paid is rarely a single clean cash figure. Most acquisitions include some…
How to Consolidate a UK GAAP (FRS 102) Subsidiary into a US GAAP Parent: Leases, Goodwill, and the Development Cost Reversal
US-listed and SEC-reporting companies that own UK businesses face a consolidation path with a distinctive wrinkle absent from every other…
What Is a Subsidiary? How Groups Determine Control Under IFRS 10, FRS 102, and ASC 810
Before a group can begin consolidating, it must know which entities to consolidate. This sounds like a straightforward question —…
How to Consolidate a US GAAP Subsidiary into a UK GAAP (FRS 102) Parent: Four Conversion Journals and USD to GBP Translation
For UK FRS 102 groups that have acquired US businesses, the consolidation adjustment list is longer than for any other…
How to Consolidate a US GAAP Subsidiary into an SFRS Parent: Which Standard Drives the Journals, and How to Translate USD to SGD
Singapore-headquartered groups that have expanded into the United States — through acquisition or organic growth — often find their US…
How to Consolidate a US GAAP Subsidiary into an IFRS Parent: Conversion Journals, Fiscal Periods, and Currency Translation
International groups that have grown through acquisition in the United States frequently find themselves consolidating a US GAAP subsidiary into…