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German to English translations [PRO]
Bus/Financial - Accounting | | German term or phrase: Abgrenzungsbetrag | | Ergibt sich nach den steuerlichen Vorschriften im Einzelabschluss ein zu versteuernder Gewinn, der höher ist als das handelsrechtliche Ergebnis und gleicht sich der zu hohe Steueraufwand des laufenden und früheren Geschäftjahrs voraussichtlich in den folgenden Geschäftsjahren aus, so ist in Höhe der voraussichtlichen Steuerentlastung nachfolgender Geschäftsjahre der Abgrenzungsbetrag zu aktivieren. |
|  martina1974KudoZ activityQuestions: 3540 ( 18 open) ( 25 without valid answers) ( 20 closed without grading) Answers: 11
Austria
| Local time: 00:13
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| | deferred tax asset | Explanation:
The amount of the anticipated tax relief of the following business years is to be capitalized as a deferred tax asset.
Prepaid expenses is aktive RAP, so I think that would be confusing here and the original text doesn't say it.
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Note added at 13 hrs (2006-09-29 19:33:47 GMT)
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Abgrenzungsbetrag would be a deferred amount, but you wouldn't say that. I have no idea what the link about tax deductible items has to do with this. It says "A prepaid expense is an expense you pay ahead of time". So it obviously is not the deferred taxes they're talking about. |
| Selected response from:
Michael Rose
Local time: 00:13
| Grading comment | 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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1 hr confidence:   peer agreement (net): +3 capitalized as prepaid expenses
Explanation:
I think - if I've got it the right way round. It's early in the morning and I'm in a hurry to get out the door.
"A prepaid expense is an expense you pay ahead of time, such as rent or insurance. The expense is claimed at the time the benefit is received. For example, suppose your fiscal year-end is December 31, 1999. On June 30, 1999, you purchased an insurance policy for your business premise for a full year (July 1, 1999, to June 30, 2000). You can only deduct one-half of the cost as an expense for 1999. The other half is deducted in 2000. "
Reference: http://www.mywebca.com/infolibrary/taxes/taxes2.htm
|  Alison Riddell
Local time: 00:13
Specializes in field
Native speaker of:  English
PRO pts in category: 306
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