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German to English translations [PRO]
Bus/Financial - Accounting | | German term or phrase: auf fremden Grundstuecken | | This is an entry in a page of accounts. The context is "Grundstuecke, grundstuecksgleiche Rechte und Bauten einschliesslich der Bauten *auf fremden Grundstuecken*". I am considering "buildings on land owned by others" - does this sound OK? |
| | | on third-party land | Explanation:
This is a standard line item in German HGB financial statements, but also often appears in German IFRS and US GAAP F/S.
HGB s. 266(2) A.II.1 (under "Tangible assets")
Land, land rights and buildings, including buildings on third-party land
This is the standard translation used in e.g. the authoritative Brooks/Mertin "Deutsches Bilanzrecht/German Accounting Legislation" (it will also be used in the forthcoming 4th edition) and the XBRL GoB/German Accounting Principles taxonomy that will (probably) be published later this quarter. |
| Selected response from:
RobinB
Local time: 00:20
| Grading comment thank you
4 KudoZ points were awarded for this answer |
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29 mins confidence: peer agreement (net): +3 on third-party land
Explanation:
This is a standard line item in German HGB financial statements, but also often appears in German IFRS and US GAAP F/S.
HGB s. 266(2) A.II.1 (under "Tangible assets")
Land, land rights and buildings, including buildings on third-party land
This is the standard translation used in e.g. the authoritative Brooks/Mertin "Deutsches Bilanzrecht/German Accounting Legislation" (it will also be used in the forthcoming 4th edition) and the XBRL GoB/German Accounting Principles taxonomy that will (probably) be published later this quarter.
| RobinB
Local time: 00:20
Specializes in field
Native speaker of:  English
PRO pts in category: 837
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