Non-current and Subsidiary: Difference between pages

Revision as of 22:02, 12 September 2013

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.

@@ Line 1: / Line 1: @@
-''Financial reporting - balance sheet - assets & liabilities.''
+'''1.  '''''Accounting''.
-Non-current assets are likely to be converted into cash after more than a year, or a normal accounting cycle.
+A parent undertaking has a subsidiary for accounting purposes if it has control over the other entity.
-Non-current liabilities are likely to be settled after more than a year (or a normal accounting cycle).
+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 ==
-* [[Balance sheet]]
+* [[Acquisition accounting]]
-* [[Current assets]]
+* [[Group]]
-* [[Current liabilities]]
+* [[Group accounts]]
-* [[Financial reporting]]
+* [[Holding company]]
-* [[Property, plant and equipment]]
+* [[Parent company]]
+* [[Strategic business unit]]
-[[Category:Accounting,_tax_and_regulation]]
+* [[Subsidiary undertaking]]
+* [[Subsidiarity]]