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French to English translations [PRO] Bus/Financial - Finance (general) / bookeeping
French term or phrase:coûts de vente
In a table of an audit report there are three columns listing "chiffres d'affaires"/"coûts des ventes"/"marge brute".
"Marge brut" is in each case a percentrage corresponding to the amount resulting from subtracting "coûts des ventes" from "chiffres d'affaires". I fully understand the concept, and realize that the costs associated with the sales are being deducted from turnover to give margin. My question, however, is whether "costs of sales" is the correct term of art in English for "coûts de vents" or whether there is another one.
Explanation: Many references in the net. For example:
cost of goods sold (COGS)
The directly attributable costs of products or services sold, (usually materials, labour, and direct production costs). Sales less COGS = gross profit. Effetively the same as cost of sales (COS) see below for fuller explanation.
cost of sales (COS)
Commonly arrived at via the formula: opening stock + stock purchased - closing stock.
Cost of sales is the value, at cost, of the goods or services sold during the period in question, usually the financial year, as shown in a Profit and Loss Account (P&L). In all accounts, particularly the P&L (trading account) it's important that costs are attributed reliably to the relevant revenues, or the report is distorted and potentially meaningless. To use simply the total value of stock purchases during the period in question would not produce the correct and relevant figure, as some product sold was already held in stock before the period began, and some product bought during the period remains unsold at the end of it. Some stock held before the period often remains unsold at the end of it too. The formula is the most logical way of calculating the value at cost of all goods sold, irrespective of when the stock was purchased. The value of the stock attributable to the sales in the period (cost of sales) is the total of what we started with in stock (opening stock), and what we purchased (stock purchases), minus what stock we have left over at the end of the period (closing stock).