👉 Subsidiaries computing refers to the practice where a parent company, or parent entity, grants its subsidiaries the right to conduct business operations independently, often with their own accounting systems and financial reporting. These subsidiaries can engage in various activities, such as manufacturing products, providing services, or selling goods, all while operating under the umbrella of the parent company. However, they are required to adhere to the financial standards and regulations set by the parent company, ensuring transparency and consistency in their financial reporting. This structure allows for specialized focus on specific market segments or operational areas, while maintaining a unified corporate strategy and financial oversight.
