quasi-subsidiary

A company, trust, partnership, or other arrangement that does not fulfil the definition of a subsidiary undertaking but is directly or indirectly controlled by the reporting entity and gives rise to benefits for that entity that are in substance no different from those that would arise if it was a subsidiary. This definition is based on that given in Financial Reporting Standard 5, Reporting on the Substance of Transactions. If a reporting entity has a quasi-subsidiary, the substance of the transactions entered into by the quasi-subsidiary should be reported in consolidated financial statements

Accounting dictionary. 2014.

Look at other dictionaries:

  • quasi-subsidiary — A company, trust, partnership, or other arrangement that does not fulfil the definition of a subsidiary undertaking but is directly or indirectly controlled by the reporting entity and gives rise to benefits for that entity that are in substance… …   Big dictionary of business and management

  • subsidiary undertaking — group undertaking An undertaking that is controlled by another undertaking (the parent or holding company). The extent of the control needed to define a subsidiary is given in the Companies Act (1985). The financial statements of a subsidiary… …   Accounting dictionary

  • subsidiary undertaking — group undertaking An undertaking that is controlled by another undertaking (the parent or holding company). The extent of the control needed to define a subsidiary is given in the Companies Act (1985). The financial statements of a subsidiary… …   Big dictionary of business and management

  • K — Кадастровая стоимость (Cadastre value) Кадастровый учет, кадастр (Cadastre) Кадастровый номер земельного участка (Cadastre number of a plot of land) Кадровый резерв (Personnel reserve) Кадры (Personnel) Казенное предприятие (state owned unitary… …   Экономико-математический словарь

  • Квазидочернее предприятие — Квазидочернее  предприятие (Quasi subsidiary) — предприятие, которое хотя формально и не соответствует определению дочернего предприятия, все же прямо или косвенно контролируется некоторой другой компанией (предприятием) и способствует… …   Экономико-математический словарь

  • off-balance Sheet — OBS A liability or other item that is not included in a *balance sheet. *Creative accounting techniques often aim at manipulating *financial statements through off balance sheet transactions, in which significant corporate resources, *income or… …   Auditor's dictionary

  • квазидочернее предприятие — Предприятие, которое хотя формально и не соответствует определению дочернего предприятия, все же прямо или косвенно контролируется некоторой другой компанией (предприятием) и способствует увеличению доходов последней. [http://slovar… …   Справочник технического переводчика

  • France — /frans, frahns/; Fr. /frddahonns/, n. 1. Anatole /ann nann tawl /, (Jacques Anatole Thibault), 1844 1924, French novelist and essayist: Nobel prize 1921. 2. a republic in W Europe. 58,470,421; 212,736 sq. mi. (550,985 sq. km). Cap.: Paris. 3.… …   Universalium

  • List of banks in the Philippines — The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non banks. At present, there are seventeen universal banks, 23 commercial banks, 84 thrift banks, 711 …   Wikipedia

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.