• A firm directly or indirectly controlled by a parent but not consolidated with the parent for purposes of financial statements prepared in accordance with generally accepted accounting principles. An unconsolidated entity includes any firm consolidated with the unconsolidated entity for purposes of financial statements prepared in accordance with generally accepted accounting principles historically and consistently applied. An individual shall be deemed to control a firm that is directly or indirectly controlled by him or by his father, mother, spouse, children, or grandchildren.


    Unconsolidated entity meaning & definition 1 of Unconsolidated entity.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Unconsolidated entity around the world.