Topical Terminology  

       

Topical Terminology > Unconsolidated Entity



1 Definition

Unconsolidated entity

For Unconsolidated entity we have a term and definition in Energy.



Unconsolidated Entity (Energy)

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.


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