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Subsidiary
An entity that is controlled by a parent company, typically through ownership of a majority of its voting rights, enabling the parent to influence the subsidiary's operations and decisions.
Deferred Tax Assets
Financial items on a company's balance sheet that reduce future tax liability due to deductible temporary differences, carryforwards, and credits.
Consolidation
The process of combining the financial statements of a parent company with those of its subsidiaries, to present accounts as if the group were a single entity.
Adjustments
Changes made to preliminary financial statement figures to correct errors, account for prepayments, accruals, or to reflect a more accurate representation of the financial position.
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