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US GAAP | IFRS |
Consolidation decisions are evaluated first under the variable interest entity model.
All other entities are evaluated under the voting interest model.
See SD 12 for further information on the concept of control and the consolidation model under US GAAP.
| An investor has control over an investee when all of the following elements are present:
See SD 12 for further information on the concept of control and the consolidation model under IFRS.
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