UK Accounting Glossary
Grounds on which a subsidiary undertaking may be excluded from the consolidated financial statements of a group.
These are grounds on which a subsidiary undertaking may be excluded from the consolidated financial statements of a group, i.e. because the parent group’s interest in the subsidiary is held exclusively with a view to subsequent resale.
Rules are set out in S27 of the Financial Report Standard Applicable in the UK and Republic of Ireland.
The relevant International Reporting Standard is IFRS-5, Non current Assets Held for Sale and Discontinued Operations.
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Definitions for View To Resale are sourced/syndicated and enhanced from:
This glossary post was last updated: 5th May 2019.