associated undertaking


associated undertaking
= associate
An undertaking that is not defined as a subsidiary undertaking but is nevertheless one in which another company or group has a participating interest and exercises a significant influence. Accounting for associates is regulated by Financial Reporting Standard 9, Associates and Joint Ventures.

Accounting dictionary. 2014.

Look at other dictionaries:

  • undertaking — un·der·tak·ing n 1: a promise or pledge esp. required by law 2: something (as cash or a written promise) deposited or given as security esp. in a court ◇ Undertakings are often required of one party during property actions (as for attachment) in… …   Law dictionary

  • undertaking — un‧der‧tak‧ing [ˌʌndəˈteɪkɪŋ ǁ ˈʌndərteɪ ] noun 1. [countable usually singular] an important job, piece of work, or activity that you are responsible for: • Starting a new business can be a risky undertaking. 2. [countable] COMMERCE a business: • …   Financial and business terms

  • associate — associated undertaking …   Accounting dictionary

  • affiliate — A company linked in some sense to another company. The concept has no legal status in the UK. See also: associated undertaking …   Accounting dictionary

  • significant influence — An influence by one company on the financial and operating policy decisions of another company (including dividend policy) in which it has an interest. The influence does not need to amount to control. See also: associated undertaking,… …   Accounting dictionary

  • window dressing — Any practice that attempts to make a situation look better than it really is. It has been used extensively by accountants to improve the look of balance sheets. For example, banks used to call in their short term loans and delay making payments… …   Accounting dictionary

  • window dressing — Any practice that attempts to make a situation look better than it really is. It has been used extensively by accountants to improve the look of balance sheets. For example, banks used to call in their short term loans and delay making payments… …   Big dictionary of business and management

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