Subsidiary

1.

Accounting.

A parent undertaking has a subsidiary - for accounting purposes - if it has control over the other entity.

The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company).

2.

Of lesser importance.

See also

• Acquisition accounting
• Group
• Group accounts
• Holding company
• Parent company
• Strategic business unit
• Subsidiary undertaking
• Subsidiarity