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Are you sure you want to remove Controlling Subsidiary Companies from your list? Controlling Subsidiary Companies. Published October 1991 by Woodhead Faulkner.
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A subsidiary is a company that is controlled by its parent company
A subsidiary is a company that is controlled by its parent company. The subsidiary acts and operates as its own entity, but it is still connected to the larger company. The parent company can create a subsidiary in one of two ways: by creating it from within the parent company or by acquiring a controlling interest in an outside entity. Financial considerations are another issue that may influence the creation of a subsidiary, such as when a company wants to sell off an unprofitable business center without disrupting the overall operation of the business. In this case, organizing it as a subsidiary and subsequently selling it off would achieve that goal.
At the date the parent acquires a controlling interest in a subsidiary, if the carrying amounts of the subsidiary’s assets are not equal to fair value, explain why adjustments to these assets are required in the preparation of the consolidated financial statements. AASB 3, paragraph 18, requires that identifiable assets and liabilities of the subsidiary be shown at fair value.
Subsidiaries being an independent identity and they prepare their own financial statements. Further, these statements are sent to the parent company.
While there is now a fairly comprehensive and acceptable definition of corporate governance which articulates the framework of good governance, when it comes to governance of subsidiaries, the companies face a variety of challenges.
A subsidiary company is the one that is controlled by another company, better known as a parent or holding . Subsidiaries have a separate legal entity from that of their parent company. They are independent in terms of their liabilities, taxation, and governance.
A subsidiary company is the one that is controlled by another company, better known as a parent or holding company. The control is exerted through ownership of more than 50% of the voting stock of the subsidiary. Subsidiaries are either set up or acquired by the controlling company. Thus, a subsidiary company structure can sue and be sued separately from its parent. Nevertheless, due to the majority ownership, the parent has a major say in the election of subsidiary’s board of directors and its functioning.
Author: John Ould
Category: Business and Money
Subcategory: Management & Leadership
Publisher: Longman Higher Education (February 21, 1986)
Pages: 176 pages
ePUB size: 1822 kb
FB2 size: 1481 kb
Other Formats: doc azw lrf docx