Subsidiary undertaking: Difference between revisions
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Relevant accounting standards include Section 9 of FRS 102. | Relevant accounting standards include Section 9 of FRS 102. | ||
Sometimes abbreviated to 'sub'. | |||
Revision as of 18:18, 11 June 2016
Accounting.
This 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'.
