Accounting for Equity Interests Other Than the Consolidation Model

Fund managers are typically responsible for the preparation of financial statements of their underlying investment, in accordance with Accounting Standards Codification (ASC) 946 – Financial Services – Investment Companies, which requires the valuation of investments under ASC 820 – Fair Value Measurements.

Please note that this topic excludes interests that are required to be consolidated under ASC Topic 810 – Consolidation.

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