Control refers to the ability of one entity to direct the financial and operating policies of another entity or to obtain the economic benefits from an asset. This term is central to the consolidation of financial statements and the conceptual framework for financial reporting.
A business entity that is part of a larger corporate group, encompassing various companies with shared ownership or control connections, often referred to in relation to subsidiary undertakings.
A Management Information System (MIS) is a structured system providing comprehensive organizational information to management for decision making in areas such as control, operations, and planning. It relies heavily on a robust data management system, including a database that assists in accurate and rapid decision-making.
A technique used by an acquiring company to attempt to gain control of a takeover target by persuading shareholders to oust the current management in favor of directors favorable to the acquirer.
Quality is a measure of the degree to which a product, service, or process meets certain standards or criteria of excellence. It is a critical factor in various fields such as manufacturing, software development, customer service, and healthcare.
A quasi-subsidiary is a company, trust, partnership, or other arrangement that does not fulfill the definition of a subsidiary undertaking but is directly or indirectly controlled by the reporting entity and provides similar benefits.
A regulatory agency is a government body tasked with the oversight, control, and supervision of specific activities or areas of public interest.
A venturer is a party in a joint venture, an arrangement where two or more entities have joint control over an undertaking, sharing profits, losses, and control equally or as defined by a contractual agreement.
