This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. German to English
  3. Accounting

Saldennachweis

English translation: account balace validation

15:47 Jul 5, 2008
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Saldennachweis
(als Bestandteil der Bilanzanalyse)
unicornio
English translation:account balace validation
Explanation:
In the context of balance sheet analysis, there is a multitude of accounts, the balances of which must be substantiated. Balance confirmation is one of many tools available for doing this for accounts like cash-in-bank, accounts receivable,accounts payable , etc. However not all B/S account balances can be substantiated by confirmation.
Selected response from:

wfarkas (X)
Canada
Local time: 19:45
Grading comment
Thank you very much.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3Balance Confirmation
stanley lawson
4account balace validation
wfarkas (X)


  

Answers


13 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
Balance Confirmation


Explanation:
refers to the practice of sending requests to creditors & debtors asking, as part of the annual audit, for confirmation of (usually) year end balances (replies usually to the auditors).

stanley lawson
Local time: 02:45
Specializes in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
agree  David Moore (X)
1 hr
agree  Ingrid Moore
2 hrs
agree  babli: agree
15 hrs
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
account balace validation


Explanation:
In the context of balance sheet analysis, there is a multitude of accounts, the balances of which must be substantiated. Balance confirmation is one of many tools available for doing this for accounts like cash-in-bank, accounts receivable,accounts payable , etc. However not all B/S account balances can be substantiated by confirmation.

wfarkas (X)
Canada
Local time: 19:45
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 59
Grading comment
Thank you very much.
Login to enter a peer comment (or grade)



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.

Return to KudoZ list

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.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search