Consolidation / Control — ASC 810 vs IFRS 10

The question “do we consolidate this entity?” is answered differently: US GAAP runs two models, IFRS runs a single control model — which can produce different consolidation conclusions for the same structured entity.

Area	US GAAP (ASC 810)	IFRS (IFRS 10)
Models	Two — the variable-interest-entity (VIE) model and the voting-interest model	One — the control model
Control	VIE: the primary beneficiary; voting: > 50%	Power over the investee + exposure to variable returns + ability to use power to affect those returns
De facto control / potential voting rights	Weighed within the models	Explicitly considered

Structured entities (special-purpose vehicles, securitizations) are where the dual vs single model most often diverges.

• Control assessment — power + returns linkage (IFRS).
• VIE identification and primary beneficiary (US).
• De facto control and potential voting rights.
• Agency vs principal (whether a decision-maker acts as an agent).

• SAP implementation: SAP Group Reporting — consolidation scope and units — write-up forthcoming under SAP & Enterprise Systems. See also Business Combinations and Goodwill.

An educational reference and original synthesis — not investment advice, and not a substitute for the standard or for professional accounting guidance. For authoritative measurement detail, consult ASC 810 / IFRS 10 directly.