The notifications show opportunities and alerts for accounts, campaigns and keywords managed under the umbrella account.
Google has made a couple of updates to manager accounts, which used to be called MCC. Many notifications are now rolled up for managed accounts, and managed accounts can give access to manager accounts.
http://searchengineland.com/adwords-manage-accounts-notifications-access-254153?utm_source=marketo&utm_medium=email&utm_campaign=newsletter&utm_content=scap&mkt_tok=eyJpIjoiWVRKaVptUXpZVGM0TjJSaiIsInQiOiJJWitGTUtzMWhxV3lNb242R3dYcDdKRDE2MllUS0FXaGp4RjZcL1VlMXZLK283bXRHU2g0bTM4T1hcL1NZYXNMc1psTkkzNTFuZkdNWFY0bVpkdG9sbFNjTlwvb21idG4yaDlTME1tUFp5cjdxVT0ifQ%3D%3D
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