consolidation-intercompany-advisor

Name: consolidation-intercompany-advisor
Author: Raishin

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How to install consolidation-intercompany-advisor?

raishin/vanguard-frontier-agentic/consolidation-intercompany-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill consolidation-intercompany-advisor

Installs into the current project.

Summary

Multi-jurisdiction consolidation scope and intercompany elimination reference framework covering ASC 810 / IFRS 10 control models, VIE (Variable Interest Entity) primary beneficiary analysis, NCI measurement, equity method accounting (ASC 323 / IAS 28), intercompany eliminations

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SKILL.md

1	# Consolidation & Intercompany Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete multi-jurisdiction framework for consolidation scope determination and intercompany elimination advisory — from controlling financial interest analysis through VIE (Variable Interest Entity — ASC 810-10-15) primary beneficiary tests, NCI measurement, equity method accounting, elimination of intercompany transactions, deferred tax on eliminations, and adversarial group reporting scenarios.
6
7	---
8
9	## Part 1: Consolidation Scope — ASC 810 vs. IFRS 10
10
11	### 1.1 The Control Models Compared
12
13	\| Dimension \| US GAAP (ASC 810) \| IFRS 10 \|
14	\|---\|---\|---\|
15	\| Core principle \| Controlling financial interest \| Control: power over investee + exposure to variable returns + ability to use power to affect returns \|
16	\| Primary framework \| Two-tier: Voting Interest Entity (VIE) model + Variable Interest Entity (VIE) model \| Single principle-based control model \|
17	\| Structured entities / SPEs \| Detailed VIE guidance (ASC 810-10-15) — entity is a VIE if equity at risk is insufficient or lacks decision-making rights \| IFRS 10 structured entity concept (less prescriptive; applies the same three-element control test) \|
18	\| Majority voting threshold \| >50% of voting interest → consolidate (absent other indicators) \| Majority voting rights are one indicator of power; substantive potential voting rights also considered \|
19	\| Potential voting rights \| Generally not considered unless currently exercisable \| Substantive potential voting rights must be considered (IFRS 10.B38-B50) \|
20
21	### 1.2 Variable Interest Entities (VIEs) — ASC 810-10-15 <!-- VIE: US GAAP term for an entity consolidated based on economic exposure rather than majority voting ownership -->
22
23	An entity is a VIE if any of the following conditions is present (ASC 810-10-15-14):
24
25	1. The equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support.
26	2. The equity holders lack the direct or indirect ability to make decisions about the entity's activities that most significantly impact its economic performance through voting rights or similar rights.
27	3. The equity holders do not absorb the expected losses of the entity.
28	4. The equity holders do not receive the expected residual returns of the entity.
29
30	Primary beneficiary test (ASC 810-10-25-38): An enterprise is the primary beneficiary — and must consolidate — if it has both:
31	- Power: the ability to direct the activities of the VIE that most significantly impact its economic performance; AND
32	- Losses/benefits: the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE.
33
34	Note: There is no explicit numeric threshold in ASC 810 for VIE primary beneficiary determination — it is entirely judgment-based on power and economics.
35
36	### 1.3 IFRS 10 Control — Three-Element Test (IFRS 10.7)
37
38	An investor controls an investee when it has all three of the following:
39	1. Power over the investee (IFRS 10.10): existing rights that give the investor the current ability to direct the relevant activities (activities that significantly affect the investee's returns).
40	2. Exposure to variable returns from its involvement with the investee (IFRS 10.15).
41	3. Ability to use its power over the investee to affect the amount of the investor's returns (IFRS 10.17).
42
43	De-facto control (IFRS 10.B41-B46): An investor may have power with less than a majority of voting rights if, considering the size and dispersion of other shareholders' holdings, the investor has the practical ability to direct the relevant activities unilaterally.
44
45	Substantive potential voting rights (IFRS 10.B38-B50): When assessing control, consider potential voting rights only if they are substantive — i.e., the holder has a practical ability to exercise them (not merely a legal right without practical means).
46
47	### 1.4 Voting Interest Entities — US GAAP Majority Voting Model
48
49	For entities that are not VIEs, ASC 810-10-15-8 applies the majority voting model:
50	- Consolidate when the parent owns, directly or indirectly, more than 50% of the voting stock.
51	- Exception: Effective control may be absent despite majority ownership

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Type

consolidation-intercompany-advisor

17stars3forks

View on GitHub

How to install consolidation-intercompany-advisor?

raishin/vanguard-frontier-agentic/consolidation-intercompany-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill consolidation-intercompany-advisor

Installs into the current project.

Summary

Files · 1

View on GitHub

SKILL.md

1	# Consolidation & Intercompany Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete multi-jurisdiction framework for consolidation scope determination and intercompany elimination advisory — from controlling financial interest analysis through VIE (Variable Interest Entity — ASC 810-10-15) primary beneficiary tests, NCI measurement, equity method accounting, elimination of intercompany transactions, deferred tax on eliminations, and adversarial group reporting scenarios.
6
7	---
8
9	## Part 1: Consolidation Scope — ASC 810 vs. IFRS 10
10
11	### 1.1 The Control Models Compared
12
13	\| Dimension \| US GAAP (ASC 810) \| IFRS 10 \|
14	\|---\|---\|---\|
15	\| Core principle \| Controlling financial interest \| Control: power over investee + exposure to variable returns + ability to use power to affect returns \|
16	\| Primary framework \| Two-tier: Voting Interest Entity (VIE) model + Variable Interest Entity (VIE) model \| Single principle-based control model \|
17	\| Structured entities / SPEs \| Detailed VIE guidance (ASC 810-10-15) — entity is a VIE if equity at risk is insufficient or lacks decision-making rights \| IFRS 10 structured entity concept (less prescriptive; applies the same three-element control test) \|
18	\| Majority voting threshold \| >50% of voting interest → consolidate (absent other indicators) \| Majority voting rights are one indicator of power; substantive potential voting rights also considered \|
19	\| Potential voting rights \| Generally not considered unless currently exercisable \| Substantive potential voting rights must be considered (IFRS 10.B38-B50) \|
20
21	### 1.2 Variable Interest Entities (VIEs) — ASC 810-10-15 <!-- VIE: US GAAP term for an entity consolidated based on economic exposure rather than majority voting ownership -->
22
23	An entity is a VIE if any of the following conditions is present (ASC 810-10-15-14):
24
25	1. The equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support.
26	2. The equity holders lack the direct or indirect ability to make decisions about the entity's activities that most significantly impact its economic performance through voting rights or similar rights.
27	3. The equity holders do not absorb the expected losses of the entity.
28	4. The equity holders do not receive the expected residual returns of the entity.
29
30	Primary beneficiary test (ASC 810-10-25-38): An enterprise is the primary beneficiary — and must consolidate — if it has both:
31	- Power: the ability to direct the activities of the VIE that most significantly impact its economic performance; AND
32	- Losses/benefits: the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE.
33
34	Note: There is no explicit numeric threshold in ASC 810 for VIE primary beneficiary determination — it is entirely judgment-based on power and economics.
35
36	### 1.3 IFRS 10 Control — Three-Element Test (IFRS 10.7)
37
38	An investor controls an investee when it has all three of the following:
39	1. Power over the investee (IFRS 10.10): existing rights that give the investor the current ability to direct the relevant activities (activities that significantly affect the investee's returns).
40	2. Exposure to variable returns from its involvement with the investee (IFRS 10.15).
41	3. Ability to use its power over the investee to affect the amount of the investor's returns (IFRS 10.17).
42
43	De-facto control (IFRS 10.B41-B46): An investor may have power with less than a majority of voting rights if, considering the size and dispersion of other shareholders' holdings, the investor has the practical ability to direct the relevant activities unilaterally.
44
45	Substantive potential voting rights (IFRS 10.B38-B50): When assessing control, consider potential voting rights only if they are substantive — i.e., the holder has a practical ability to exercise them (not merely a legal right without practical means).
46
47	### 1.4 Voting Interest Entities — US GAAP Majority Voting Model
48
49	For entities that are not VIEs, ASC 810-10-15-8 applies the majority voting model:
50	- Consolidate when the parent owns, directly or indirectly, more than 50% of the voting stock.
51	- Exception: Effective control may be absent despite majority ownership

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6 picks

Type