Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51

Status

Issued:
December 2007

Effective Date:
For fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008; earlier adoption is prohibited

Affects:
Amends ARB 51, paragraphs 1 through 6, 9, 11, 13, 17, 18, and 22 through 24
Deletes ARB 51, paragraphs 10, 14, and 15 and footnote 1a
Adds ARB 51, paragraphs 25 through 39, A1 through A7, and B1
Amends APB 18, paragraphs 4, 19(e), and 19(m) and footnote 3
Deletes APB 29, footnote 7
Amends AIN-APB 18, Interpretation No. 1
Amends FAS 19, paragraphs 59I(a) and 59Z
Amends FAS 60, paragraph 42
Amends FAS 69, paragraphs 14(a), 31, and 40 and footnote † in Illustration 4
Amends FAS 89, paragraphs 96 and 107
Amends FAS 94, paragraph 4
Amends FAS 107, paragraph 8
Amends FAS 109, paragraph 33
Amends FAS 128, paragraphs 9, 15, and 156
Deletes FAS 128, footnote 26
Amends FAS 130, paragraphs 14, 22, and 129
Amends FAS 133, paragraphs 21(c) and 29(f)
Amends FAS 142, paragraph 6
Replaces FAS 142, footnote 5
Deletes FAS 142, paragraph 38
Adds FAS 142, paragraph 39A
Amends FIN 37, paragraph 2
Amends FIN 46(R), paragraph 22
Amends FSP FAS 150-3, paragraph 8

Affected by:
Paragraph 2 amended by FAS 164, paragraph E15(a)
Paragraphs C1 and D2 deleted by FAS 164, paragraphs E15(b) and E15(d), respectively
Paragraph C3 amended by Accounting Standards Update 2010-08, paragraph A11
Paragraph D1 amended by FAS 162, paragraph B9

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
Nullifies EITF Issues No. 94-2 and 95-7
Partially nullifies EITF Issues No. 90-5 and 90-13
Modifies EITF Issues 85-21, 86-32, 99-16, 00-4, 00-6, and 01-2 and Topics No. D-41, D-84 and D-97

Interpreted by:
No EITF Issues

Related Issues
EITF Issues No. 99-1, 00-19, 08-8, 08-10, and 09-4


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||Note: Amendments as a result of FAS 162 are effective 60 days following the SEC’s approval of the PCAOB’s amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides