Dutch to English translations [PRO]
Bus/Financial - Accounting | | Dutch term or phrase: nagekomen posten voorgaande jaren | This is from the notes to the P&L account under 'overige bedrijfskosten':
Algemeen:
Accountant
Nagekomen posten voorgaande jaren
Kosten fiscus
Contributies |
| Lucy SimpsonKudoZ activityQuestions: 661 (none open) ( 6 without valid answers) Answers: 107
| | Local time: 06:25
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| | Prior year items | Explanation:
Items in accounts that relate to any preceding financial year.
Prior year adjustments, on the other hand, are material adjustments applicable to prior years arising from changes in accounting policies and from the correction of fundamental errors.
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Note added at 2 hrs 14 mins (2004-08-20 19:07:33 GMT)
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For Sanmar\'s edification here are the definitions of \'deferred expenses\' and \'deferred income\' respectively:
Expenses that are allocated in part, or in full to an accounting period subsequent to the period(s) in which they are paid. Such expenses must be deferred to guarantee a correct income statement. This process is known as Deferred Expenses. In Real Estate Management, the Deferred Expenses process is applicable to vendor contracts that have the condition type rent paid in advance.
Revenues that are allocated in part, or in full to an accounting period subsequent to the period(s) in which they are received. In such a case these revenues must be deferred to guarantee a correct income statement This process is known as Deferred Income.
In RE, the Deferred Income process is applicable to customer contracts with the condition type rent paid in advance.
And here is a definition of \'Deferred Items\':
Expenses that are paid in advance and revenues that are received in advance are transferred to an income statement in a subsequent period by using deferred expense and deferred income items. Such items are known as Deferred Items.
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| Selected response from:
xxxjarry
South Africa
Local time: 07:25
| Grading comment I have long learned to be suspicious of van Amerongen's dictionary, which is why I usually question things I'm not quite sure about. Thank you for the comprehensive explanation, too - I always find them useful.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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33 mins confidence:  peer agreement (net): -1
6 mins confidence:  peer agreement (net): +2 Prior year items
Explanation:
Items in accounts that relate to any preceding financial year.
Prior year adjustments, on the other hand, are material adjustments applicable to prior years arising from changes in accounting policies and from the correction of fundamental errors.
--------------------------------------------------
Note added at 2 hrs 14 mins (2004-08-20 19:07:33 GMT)
--------------------------------------------------
For Sanmar\'s edification here are the definitions of \'deferred expenses\' and \'deferred income\' respectively:
Expenses that are allocated in part, or in full to an accounting period subsequent to the period(s) in which they are paid. Such expenses must be deferred to guarantee a correct income statement. This process is known as Deferred Expenses. In Real Estate Management, the Deferred Expenses process is applicable to vendor contracts that have the condition type rent paid in advance.
Revenues that are allocated in part, or in full to an accounting period subsequent to the period(s) in which they are received. In such a case these revenues must be deferred to guarantee a correct income statement This process is known as Deferred Income.
In RE, the Deferred Income process is applicable to customer contracts with the condition type rent paid in advance.
And here is a definition of \'Deferred Items\':
Expenses that are paid in advance and revenues that are received in advance are transferred to an income statement in a subsequent period by using deferred expense and deferred income items. Such items are known as Deferred Items.
| xxxjarry
South Africa
Local time: 07:25
Specializes in field
Native speaker of: English
PRO pts in category: 164
|
| | Grading comment | I have long learned to be suspicious of van Amerongen's dictionary, which is why I usually question things I'm not quite sure about. Thank you for the comprehensive explanation, too - I always find them useful. |
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