Polish translation: kwota naliczona na dzień otwarcia (pozycji/kontraktu)
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
kwota naliczona na dzień otwarcia (pozycji/kontraktu)
English to Polish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:accrued opening
A oto kontekst:
Long-term contracts denominated in foreign currency
The foreign currency denominated contracts (EUR) have been valued using the following formula:
Revenue recognised in PLN = (PLN accrued opening + PLN revenue invoiced) x PoC%
PLN invoiced - value of contract invoiced in PLN already and recognised in books at invoice FX rate
PLN accrued opening - value of the accrued revenue at contract sign off FX rate
Contract sign off FX rate - FX rate as of the date of the contract sign off
PoC% - percentage of completion on contract