Subsidiary undertaking: Difference between revisions
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''Accounting.'' | ''Accounting.'' | ||
This replaced the term 'subsidiary' following its introduction in UK Companies legislation. | This concept replaced the term 'subsidiary' following its introduction in UK Companies legislation. | ||
It is a wider definition in that a parent/subsidiary relationship is based more on control rather than ownership. | It is a wider definition, in that a parent/subsidiary relationship is based more on control rather than ownership. | ||
| Line 15: | Line 15: | ||
* [[Associate]] | * [[Associate]] | ||
* [[FRS 102]] | * [[FRS 102]] | ||
*[[Government-related entity]] (GRE) | |||
* [[Parent undertaking]] | * [[Parent undertaking]] | ||
* [[Participating interest]] | * [[Participating interest]] | ||
* [[Subsidiary]] | * [[Subsidiary]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Intercompany_funding]] | |||
[[Category:Long_term_funding]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 14:44, 30 October 2023
Accounting.
This concept replaced the term 'subsidiary' following its introduction in UK Companies legislation.
It is a wider definition, in that a parent/subsidiary relationship is based more on control rather than ownership.
Relevant accounting standards include Section 9 of FRS 102.
Sometimes abbreviated to 'sub'.
