21:20 Oct 22, 2007 |
German to English translations [PRO] Bus/Financial - Accounting / financial statements | |||||||
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| Selected response from: RobinB United States Local time: 11:16 | ||||||
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5 +2 | s.u. |
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Whole sentence s.u. Explanation: "Options to present amounts in the balance sheet and income statement or disclose such amounts in the notes have been exercised in part by presenting the amounts in the balance sheet and income statement, and in part by disclosing them in the notes." What they're saying is that some of the required information was presented in the balance sheet/income statement, and some of it was disclosed in the notes. The HGB contains a number of such options to present amounts directly in the primary financial statements or to disclose them in the notes (e.g. HGB s. 264 ff.). Section 284(1) of the HGB also stipulates the required accounting policy: § 284 Erläuterung der Bilanz und der Gewinn- und Verlustrechnung (1) In den Anhang sind diejenigen Angaben aufzunehmen, die zu den einzelnen Posten der Bilanz oder der Gewinn- und Verlustrechnung vorgeschrieben oder die im Anhang zu machen sind, weil sie in Ausübung eines Wahlrechts nicht in die Bilanz oder in die Gewinn- und Verlustrechnung aufgenommen wurden. Section 284 Balance sheet and income statement disclosures (1) The notes shall include those disclosures that are required for the individual items of the balance sheet or the income statement or that are required to be made in the notes because the items were not included in the balance sheet or income statement because of the exercise of an option. (English translation from 4th ed. of Deutsches Bilanzrecht/German Accounting Legislation). |
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