Common Control Entities
Entities ultimately controlled by the same person or group, even where no direct shareholding link exists between them — a frequent source of undisclosed related-party relationships.
Related terms
- Cash Credit
A short-term working capital facility against the security of stock and receivables, typically repayable on demand, distinct from a term loan.
- Chart of Accounts
The structured list of every ledger account a company uses to classify its financial transactions, forming the backbone that the trial balance and financial statements are built from.
- Compensating Control
A control that reduces the risk of an existing control weakness to an acceptable level, without eliminating the weakness itself.
- Componentization
Depreciating significant parts of an asset separately when they have different useful lives — required under Schedule II of the Companies Act for assets with materially different component lives.
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231 terms in total, or go deeper with working procedures and worked examples in the resource library.