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German to English translations [PRO]
Bus/Financial - Accounting | | German term or phrase: absetzen | Da dieser Zahlungsmittelbestand jedoch in der Bilanzposition „Assets held for sale“ abgesetzt ist, reduziert sich der auszuweisende Bestand um 0,8 Mio. Euro ohne dass die Forderungen aus dem Verkauf in Höhe von 8,25 Mio. Euro bereits gezeigt werden können, da diese Transaktion erst zum 01. März 2010 erfolgte.
Not clear on what this means (here)... help would be appreciated! |
|  Jeff SteffinKudoZ activityQuestions: 148 (none open) ( 2 without valid answers) ( 4 closed without grading) Answers: 172
United States
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| | deducted/accounted for | Explanation:
literally to deduct but I'd rephrase as follows to avoid clunky English.
Because these cash and cash equivalents (or just "funds" if you prefer) were already accounted for under (deducted from) (the balance sheet item) Assets held for sale, the reportable balance is reduced by EUR 0.8 million without being able to recognize the EUR 8.25 million in receivables from the disposal because this transaction did not occur until March 1, 2010. (Presumably after the reporting date in this case).
Without know the preceding text, I obviously can't know which wording would be best but my gut tells me "accounted for" should work fine and you can omit "balance sheet item" as Assets held for sale is, by definition, a balance sheet item. |
| Selected response from:
Ted Wozniak
United States
Local time: 17:16
| Grading comment Selected automatically based on peer agreement.
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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32 mins confidence:  
1 hr confidence: peer agreement (net): +3 deducted/accounted for
Explanation:
literally to deduct but I'd rephrase as follows to avoid clunky English.
Because these cash and cash equivalents (or just "funds" if you prefer) were already accounted for under (deducted from) (the balance sheet item) Assets held for sale, the reportable balance is reduced by EUR 0.8 million without being able to recognize the EUR 8.25 million in receivables from the disposal because this transaction did not occur until March 1, 2010. (Presumably after the reporting date in this case).
Without know the preceding text, I obviously can't know which wording would be best but my gut tells me "accounted for" should work fine and you can omit "balance sheet item" as Assets held for sale is, by definition, a balance sheet item.
| Ted Wozniak
United States
Local time: 17:16
Specializes in field
Native speaker of:  English
PRO pts in category: 556
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| | Grading comment | Selected automatically based on peer agreement. |
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The translation workplace 
