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Accrued Dictionary

Intercompany

By PRETTY BOOKS ON November 5, 2020
Metaphorical definitions of complex accounting terms.

The accounting language is filled with highly technical words and phrases that describe the highly technical job functions of an accountant. The ACCRUED DICTIONARY is a collection of common terms accountants use broken down into easy-to-understand metaphors, jokes, and whimsy. The dictionary cuts through the technical jargon and gives you a metaphorical perspective at what these words mean

Intercompany

Noun. [in-tur•kuhm-puh-nee]
  1. Accrued Dictionary definition: A full, family tree laden with branches. A company’s family tree can start with just two companies forming a union, but there are no limits to how large or complex a family can grow. Companies can have subsidiary children, multiple marriages, and extended family members included in their family tree. Aunt, uncle, cousin, and sister companies are connected by branches, making the “intercompany” a large family ordeal.

     //The intercompany reunion this year is going to full of fun: water balloon fights, going through company scrapbooks, and listening to Grandpa Corp. tell us stories about our parent companies

  1. Textbook definition: A relationship between separate legal entities that belong to the same corporate enterprise, like a parent company and its subsidiaries that makes transactions between them very complex.

     //In an intercompany transaction, a business sells or trades work to a company related to it.

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The information provided in this post is for general informational and educational purposes only and is not a substitute for professional advice. Consult your financial, business, or tax advisor with respect to matters referenced in this post. Pretty Books assumes no liability for actions taken in reliance upon this information.

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