Subsidiary undertaking

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Revision as of 08:40, 1 November 2016 by imported>Doug Williamson (Update.)
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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'.

See also