Big dictionary of business and management. 2014.
intercompany transactions — intragroup transactions Transactions between the companies in a group. These may be in the form of charges or the transfer of goods or services. It is important in the preparation of consolidated financial statements that such transactions are… … Accounting dictionary
intercompany transaction — A transaction made between two members of a *business combination. Intercompany transactions like *sales and *loans are normally eliminated under *consolidation accounting … Auditor's dictionary
intercompany eliminations — Accounting entries made on consolidating statements in the process of generating consolidated financial statements. Intercompany eliminations cancel the accounting effects of transactions between firms in the consolidated group so that the final… … Financial and business terms
intragroup transactions — See: intercompany transactions … Accounting dictionary
Corporate tax — Taxation An aspect of fiscal policy … Wikipedia
Foreign currency transaction gains and losses — Gains or losses resulting from the effect of exchange rate changes on transactions denominated in currencies other than the functional currency (for example, a U.S. enterprise may borrow Swiss francs or a French subsidiary may have a receivable … Energy terms
Consolidation (business) — For other uses, see Amalgamation (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · … Wikipedia
consolidated statements — Consolidated financial statements show the combined assets, liabilities, net worth, income, expense, net income, and cash flows for a related group of companies. Unlike simpler combined statements, consolidated statements do not merely show the… … Financial and business terms
combined financial statement — In the USA, the aggregation of the financial statements of a related group of entities in order to present the financial information as if the group was a single entity. Intercompany transactions are eliminated from combined financial statements … Accounting dictionary
consolidated financial statements — The financial report of a parent corporation and it s subsidiaries or affiliates which combines the assets, liabilities, revenues, and expenses of all of the entities. In preparing consolidated financial statements, all intercompany transactions… … Black's law dictionary
