Define: View To Resale

UK Accounting Glossary

Definition: View To Resale


Quick Summary of View To Resale


Grounds on which a subsidiary undertaking may be excluded from the consolidated financial statements of a group.




What is the dictionary definition of View To Resale?

Dictionary Definition


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.

 


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Full Definition of View To Resale


The subsidiary undertaking should not previously have been consolidated into the group accounts prepared by the parent company.

Where a subsidiary is excluded from inclusion on these grounds, it should be recorded in the consolidated financial statements as a current asset at either (1) cost less impairment or (2) fair value.

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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View To Resale FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/view-to-resale/
Modern Language Association (MLA):
View To Resale. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 23, 2019 https://payrollheaven.com/define/view-to-resale/.
Chicago Manual of Style (CMS):
View To Resale. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/view-to-resale/ (accessed: November 23, 2019).
American Psychological Association (APA):
View To Resale. PayrollHeaven.com. Retrieved November 23, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/view-to-resale/

Definition Sources


Definitions for View To Resale are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.