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Sachverhalte die zu Wahlrechten führten

English translation: items/transactions that result in options

12:19 Jun 26, 2015
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Sachverhalte die zu Wahlrechten führten
Can you please help me with the translation of the above phrase Sachverhalte die zu Wahlrechten führten?

It’s from the text of the tax consultants who prepared the financial statements.

Wir haben unseren Auftraggeber über solche Sachverhalte, die zu Wahlrechten führten, in Kenntnis gesetzt und von ihm Entscheidungsvorgaben zur Ausübung von materiellen und formellen Gestaltungsmöglichkeiten (Ansatz-, Bewertungs- und Ausweiswahlrechten) sowie Ermessensentscheidungen eingeholt.
blue_roses
English translation:items/transactions that result in options
Explanation:
although I would prefer to simply say "have options". The client has to provide guidance on how to exercise those options (recognition, measurement and reporting options) and make decisions on grooming transactions.
Selected response from:

Ted Wozniak
United States
Local time: 10:13
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2items/transactions that result in options
Ted Wozniak
4Transactionsthat have resulted in so-called options, enabling us as the agent of the preparer
Sebastian Witte


  

Answers


52 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
items/transactions that result in options


Explanation:
although I would prefer to simply say "have options". The client has to provide guidance on how to exercise those options (recognition, measurement and reporting options) and make decisions on grooming transactions.

Ted Wozniak
United States
Local time: 10:13
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 762
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
1 hr
agree  Sebastian Witte
2 hrs
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Transactionsthat have resulted in so-called options, enabling us as the agent of the preparer


Explanation:
Transactions that have resulted in so-called options, enabling us as the agent of the preparer to make a choice in drawing up the accounts within the discretionary limits defined by the mandate and the accounting standards that have to be applied.

I don't really see this concerning items (which are usually the result of individual transactions and summarise the latter).

The options are the Ansatz-, Bewertungs- und Ausweiswahlrechte (options regarding the recognition and measurement of the underlying transactions/Geschäftsvorfälle = Sachverhalte and the reporting of the resulting items/Posten in the "Zahlenwerk" (which I think could be rendered as accounts, now that that term is considered outdated in its former meaning of "financial statements"), which I assume to be financial statements in this case).

The firm of tax consultants acts on behalf of the management (this being the preparer of the accounts, even if technically speaking it's the tax consultants that do the actual work, but it is the preliminary approval by the management for presentation before the AGM/extraordinary general meeting/shareholders' meeting that matters) of the company and is for the most part required to exercise its instructions, with the remaining discretion available to the tax consultant thereunder defined by the mandate (that's the "von ihm Entscheidungsvorgaben zur Ausübung von ... Gestaltungsmöglichkeiten .... sowie Ermessensentscheidungen eingeholt" part).

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Note added at 4 hrs (2015-06-26 16:49:37 GMT)
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After thinking again and reconsidering (i.e. reading the entry on "Bilanzierungswahlrechte" in the Wörterbuch Rechnungswesen by Busse von Colbe and Pellens, who is a very knowledgeable and published professor in the field), it does seem to mean something else, something more abstract and more complicated than transactions (Geschäftsvorfälle), spanning various aspects. I suggest a good accounting dictionary translation like "facts and circumstances".

=> Facts and circumstances that have resulted in so-called options, enabling us as the agent of the preparer to make a choice in drawing up the accounts within the discretionary limits defined by the mandate and the accounting standards that have to be applied.

Sebastian Witte
Germany
Local time: 17:13
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 74
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