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. | ||
Revision as of 08:40, 1 November 2016
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'.
