Subsidiary Undertakings

2 Posts
1 Sections
1 Types

Definitions

Disproportionate Expense and Undue Delay in Accounting

Disproportionate Expense Undue Delay Consolidated Financial Statements UK Accounting Practice Financial Reporting Standard Consolidation Exclusions Subsidiary Undertakings

The term 'disproportionate expense and undue delay' refers to circumstances in traditional UK accounting practices where an individual subsidiary undertaking might be excluded from consolidated financial statements due to excessive cost and time requirements to obtain the necessary information.

Definitions

Full Consolidation

Full Consolidation Consolidation Methods Financial Statements Subsidiary Undertakings Minority Interest UK Accounting Standards Consolidated Assets Consolidated Liabilities

Full consolidation is a method in which 100% of each item of all subsidiary undertakings is incorporated into the consolidated financial statements of a group, even when the parent company does not own 100% of a subsidiary.