Parent company account is the parent's company in consolidated financial statments where parent and child relationship exists in group accounting.

The parent company. And a simple controlling interest, usually 51% of the voting stock, is enough.

Talk to your parent [kindly without yelling] and ask them why they are so controlling. After, ask them [kindly] if they could be just a little less controlling.

Consolidated income statement shows the overall performance of one year by parent company as well as child company in group of companies accounting.

Parent