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Zusammenwirken von handelsrechtlicher Fortführungsannahme und insolvenzrechtlich

English translation: interaction of the going-concern assumption (and see below)

16:20 Jul 12, 2016
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Zusammenwirken von handelsrechtlicher Fortführungsannahme und insolvenzrechtlich
er Fortbestehensprognose

Das ist der Titel des Positionspapiers des Institut der Wirtschaftsprüfer vom August 2012.

Darauf bezieht sich ein Jahresbericht eines Unternehmens und zitiert dieses Positionspapier. Die passende englische Bezeichnung habe ich nicht gefunden, dafür gibt es sicherlich einen etablierten Standard.

Ich bin aber nicht fündig geworden.

Hilfe wäre also nett bis morgen Mittag!
dkfmmuc
Local time: 19:09
English translation:interaction of the going-concern assumption (and see below)
Explanation:
interaction of the going-concern assumption for financial reporting purposes (ALT: under commercial law) and the going-concern forecast for insolvency purposes.

They are close but not identical and the terms seem to be founded under different concepts in the two sets of law. (See also Fortbestehenssprognose versus Fortführungprognose in the reference below).

Not quite happy with "going-concern forecast" but since the two terms need to be differentiated.... maybe "turnaround forecast" would be better.

I admit, I would need to do more research. So only a medium confidence level.
Selected response from:

Ted Wozniak
United States
Local time: 12:09
Grading comment
Great! Have chosen that solution.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2interaction of the going-concern assumption (and see below)
Ted Wozniak
3 +1interlinking of the going-concern forecast under commercial law with the....
Johanna Timm, PhD
4Examining the interplay between..
Michael Martin, MA
3Interaction of a going-concern assumption in commercial law & survival forecast in insolvency law
Adrian MM. (X)
2The engagement / interaction of continuously existing German commercial law and prognosis of long t
Erzsébet Czopyk


Discussion entries: 6





  

Answers


29 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
interlinking of the going-concern forecast under commercial law with the....


Explanation:
"Against the background of the current discussion about the going-concern forecast, the Institut Deutscher Wirtschaftsprüfer (Institute of Public Auditors in Germany – IDW) published a position paper on the interlinking of the going-concern forecast under commercial law with the continued existence forecast under insolvency law".
http://www2.deloitte.com/content/dam/Deloitte/de/Documents/g...

Johanna Timm, PhD
Canada
Local time: 10:09
Native speaker of: Native in GermanGerman
PRO pts in category: 179

Peer comments on this answer (and responses from the answerer)
agree  Erzsébet Czopyk: yeeeeeeeeeeeeeeeeeeeeeeesss!!!!!!!!!!!!!!!!!!!! Johanna, congrats you are a genius and in this case, an angel-savior :)
10 mins
  -> uh-oh! I think Ted is the expert in this field and his answer is more succinct- but thanks for the enthusiasm!
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32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
interaction of the going-concern assumption (and see below)


Explanation:
interaction of the going-concern assumption for financial reporting purposes (ALT: under commercial law) and the going-concern forecast for insolvency purposes.

They are close but not identical and the terms seem to be founded under different concepts in the two sets of law. (See also Fortbestehenssprognose versus Fortführungprognose in the reference below).

Not quite happy with "going-concern forecast" but since the two terms need to be differentiated.... maybe "turnaround forecast" would be better.

I admit, I would need to do more research. So only a medium confidence level.


    Reference: http://www.wollnywp.de/wirtschaftspruefung-steuerberatung/fo...
    https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=12&ved=0ahUKEwjJlPDLsO7NAhUCYyYKHcosAZ04ChAWCCEwAQ&url=http%3A%2F%2Fwww.idw.de
Ted Wozniak
United States
Local time: 12:09
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 511
Grading comment
Great! Have chosen that solution.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or "relationship between".
12 mins
agree  A. & S. Witte
23 hrs
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32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Zusammenwirken von handelsrechtlicher Fortführungsannahme/insolvenzrechtlicher Fortbestehensprognose
Interaction of a going-concern assumption in commercial law & survival forecast in insolvency law


Explanation:
The first web ref. is the English 'translation' of the German, 2nd ref. clearly as a Manuel Neuer-type goalkeeper dodge.

I stand corrected, but I disbelieve there is an English standard - except for my suggestion if blessed by Robin B. and Ted W., assumed to be off holiday.

NB I disagree that both 'perpetuation of business' terms are synonyms at the insolvency adjudication stage:

in the US - for corporate bankruptcy filings in the US Fed. State of Delaware a delinquent judgment debtor is allowed to continue in charge - and in the UK (NB women solicitors with a distinction in company and commercial law) a Receiver-cum-Special Manager can be appointed to continue the trade of the company. Neither is a going-concern parameter - because the concern has already *gone*.


    Reference: http://www.idw.de/idw/portal/d589242/index.jsp
    Reference: http://www.idw.de/idw/portal/d622394
Adrian MM. (X)
Local time: 19:09
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 95
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39 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
The engagement / interaction of continuously existing German commercial law and prognosis of long t


Explanation:
handelsrechtlicher Fortführungsannahme

Fortführung is a continuation of existing something, Annahme is acceptance , agreement
so the accepted continuation of commercial law, accepting the continuation of commercial law

insolvenzrechtlicher Fortbestehensprognose
https://glosbe.com/de/en/Fortbestehen

Fortbestehensprognose (oh, I love the long German tongue-twisting words :) is a prognosis of long term existence of insolvency law

Here is the information ( I ama bit upset because this is the deed of the asker to provide it: )
Das Positionspapier grenzt die handelsrechtliche Fortführungsannahme nach § 252 Abs. 1 Nr. 2 HGB und die insolvenzrechtliche Fortbestehensprognose nach § 19 Abs. 2 InsO voneinander ab. Darüber hinaus zeigt es auf, in welchem Ausmaß das deutsche Insolvenzrecht die handelsrechtliche Fortführungsannahme beeinflussen kann. Dabei wird klargestellt, dass die Abschlussprüfung eine Prüfung der Rechnungslegung bedeutet, nicht aber eine abschließende rechtliche Würdigung ist, ob eine Insolvenzantragspflicht für die gesetzlichen Vertreter vorliegt.

Moreover, it shows the extent to which the German insolvency law may affect the acceptance of the commercial law

The engagement / interaction of continuously existing (accepted/or, after the word "German", in use/in practice) German commercial law
and
prognosis of long term existence of insolvency law


please do not throw stones...





Erzsébet Czopyk
Hungary
Local time: 19:09
Works in field
Native speaker of: Native in HungarianHungarian
PRO pts in category: 12
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
Examining the interplay between..


Explanation:
..the commercial law concept of continuity assumption and the insolvency law concept of business continuation forecast.

I think 'interplay' works best as a translation of 'Zusammenwirken'
(For everything else, there are various options).


Michael Martin, MA
United States
Local time: 13:09
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 147
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