Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Compte d'Ecart:
Compte en énergie tenu par l'Exploitant dans le cadre d'un Contrat d'Acheminement, dans lequel sont comptabilisés chaque jour les Déséquilibres de Bilan Journalier et Cumulé de l'Expéditeur pour chaque Zone d'Equilibrage du Contrat d'Acheminement. Le solde du Compte d'Ecart est égal au Déséquilibre de Bilan Cumulé de la Zone d'Equilibrage.
The Ontario Power Authority will hold a variance account for the RPP.
This variance account will capture the difference between the actual costs of
supplying electricity to RPP consumers and the forecasted costs that the Board
has used to set the RPP prices.
Entries for standard costs:
• If material price variance is to be recognized at purchase , the material inventory is carried at standard price. Debit the material inventory for actual quantity purchased at standard price, credit accounts payable for actual quantity time actual prices, and recognize the price variance within the entry.
o Normal price variance are taken directly to the Income Statement.
o If the variance would cause a significant increase in the cost of the product, then the product cost should be adjusted as well as the selling price.
o This is way the variance analysis is so important. Without this analysis, you would show a large variance but nothing would be done to correct the problem.
• if material price variance is to be recoginzed at usage , the material inventory is carried at actual price and a cost flow assumption must be used. Debit the material inventory for actual quantity at actual price. The usage is credited to material inventory for actual quantity and actual price base on the appropriate cost flow adn debited to work-in-process at standard quantity time standard price recognizing both variances within the entry.
• Work-in-process is debited for standard quantity time standard price for material, standard hours times standard rate for labor, and the standard base times the standard overhead rate for overhead under the single plan approach to WIP. Any variances not previously recognized (recorded) are done so at this time.
• An unfavorable variance is debited to the variance account and a favorable variance is credited to the variance.
• All variances must be closed out at the end of the fiscal year if not before. The theoretically correct way to close them is to allocate them to work-in-process, finished goods, and cost of goods sold proportionately. If the total variances are insignificant, they could be closed to cost of goods sold only.
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:28:21 GMT) --------------------------------------------------
Debits to variance account.
Favorable variance credited to the variance.
If that means anything to you !
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:40:16 GMT) --------------------------------------------------
Debits to variance account.
Favorable variance credited to the variance.
If that means anything to you !
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:43:19 GMT) --------------------------------------------------
A "trick" I use in my searches on Google : ["compte d'écart" english]
The term in inverted commas, followed by the word "english" - often useful to put you on track.
Hello Conor. Perhaps if you provided more context...where in the accounting report? What other items are before/after? Are the "taux" interest rates or does the context indicate some other type of rate? Thank you!
15:52 Jan 23, 2006
Automatic update in 00:
Answers
58 mins confidence:
compte d'écart
account discrepancy
Explanation: This is just an idea, without more text it's a bit difficult to be more precise
Linda Young Local time: 17:44 Native speaker of: English
Explanation: When you're talking about "écart" compared to some standard in accounting terms, then variance is often the word you need. Based on a very unscientific Google search I see that "variance account" does exist and is used in this context, and "exchange rate variance account" is also used (although I don't know if that's the rate you're talking about).
If you can and do use "rate variance account" I reckon you could leave out the "taux standard/taux réel" as that's understood. But maybe someone who knows more about this kind of accounting can tell us more.
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:31:51 GMT) --------------------------------------------------
Hi, I see that Nikki has proposed the same answer at more or less the same time. I reckon that's a good sign!
Buzzy Local time: 17:44 Specializes in field Native speaker of: English PRO pts in category: 58
Compte d'Ecart:
Compte en énergie tenu par l'Exploitant dans le cadre d'un Contrat d'Acheminement, dans lequel sont comptabilisés chaque jour les Déséquilibres de Bilan Journalier et Cumulé de l'Expéditeur pour chaque Zone d'Equilibrage du Contrat d'Acheminement. Le solde du Compte d'Ecart est égal au Déséquilibre de Bilan Cumulé de la Zone d'Equilibrage.
The Ontario Power Authority will hold a variance account for the RPP.
This variance account will capture the difference between the actual costs of
supplying electricity to RPP consumers and the forecasted costs that the Board
has used to set the RPP prices.
Entries for standard costs:
• If material price variance is to be recognized at purchase , the material inventory is carried at standard price. Debit the material inventory for actual quantity purchased at standard price, credit accounts payable for actual quantity time actual prices, and recognize the price variance within the entry.
o Normal price variance are taken directly to the Income Statement.
o If the variance would cause a significant increase in the cost of the product, then the product cost should be adjusted as well as the selling price.
o This is way the variance analysis is so important. Without this analysis, you would show a large variance but nothing would be done to correct the problem.
• if material price variance is to be recoginzed at usage , the material inventory is carried at actual price and a cost flow assumption must be used. Debit the material inventory for actual quantity at actual price. The usage is credited to material inventory for actual quantity and actual price base on the appropriate cost flow adn debited to work-in-process at standard quantity time standard price recognizing both variances within the entry.
• Work-in-process is debited for standard quantity time standard price for material, standard hours times standard rate for labor, and the standard base times the standard overhead rate for overhead under the single plan approach to WIP. Any variances not previously recognized (recorded) are done so at this time.
• An unfavorable variance is debited to the variance account and a favorable variance is credited to the variance.
• All variances must be closed out at the end of the fiscal year if not before. The theoretically correct way to close them is to allocate them to work-in-process, finished goods, and cost of goods sold proportionately. If the total variances are insignificant, they could be closed to cost of goods sold only.
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:28:21 GMT) --------------------------------------------------
Debits to variance account.
Favorable variance credited to the variance.
If that means anything to you !
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:40:16 GMT) --------------------------------------------------
Debits to variance account.
Favorable variance credited to the variance.
If that means anything to you !
-------------------------------------------------- Note added at 1 hr (2006-01-23 16:43:19 GMT) --------------------------------------------------
A "trick" I use in my searches on Google : ["compte d'écart" english]
The term in inverted commas, followed by the word "english" - often useful to put you on track.
Nikki Scott-Despaigne Local time: 17:44 Native speaker of: English PRO pts in category: 8
Grading comment
Thanks Nikki et al.
KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
The translation workplace 
peer agreement (net): +1
