16:02 May 27, 2004 |
German to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: RobinB United States Local time: 14:39 | ||||||
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Grundsatz der Vollständigkeit, der Einzelbewertung, Vorsichtsgrundsatz first item: principle of completeness third item: prudency Explanation: Experience in audit translation |
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Grundsatz der Vollständigkeit, der Einzelbewertung, Vorsichtsgrundsatz Principle of completeness, item-by-item evaluation and prudence Explanation: According to the accounting legislation, the following main principles have to be followed: - operational status - consistency - completeness - authenticity - continuity - prudence - matching - clarity of presentation - gross disclosures - item-by-item evaluation - accrual or cut-off - substance over form - cost-benefit comparison • The financial statements must include the following documents: http://freespace.virgin.net/andras.hirschler/GUIDE33.HTM |
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Grundsatz der Vollständigkeit, der Einzelbewertung, Vorsichtsgrundsatz principles of completeness, item-by-item measurement and prudence Explanation: These are all separate German accounting principles, and I'm sure that's the same in Austrian GoB, so German GoB (which is better documented in English) can serve as the basis of translation. Vollständigkeit/Completeness is governed in Germany by HGB s. 246. Vorsicht/prudence is governed in Germany by HGB s. 252(1) no. 4 German HGB s. 252(1) no. 3 (Allgemeine Bewertungsgrundsätze/General measurement principles): "Die Vermögensgegenstände und Schulden sind zum Abschlußstichtag einzeln zu bewerten. "The assets and liabilities shall be measured on an item-by-item basis at the balance sheet date." In contrast to what most dictionaries (and German references say), Bewertung in an accounting context is "measurement" in 99% of cases. |
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