HGB-Konten
English translation: German Commercial Code account numbers (or accounts)
| 16:37 May 22, 2003 |
| German to English translations [PRO] Bus/Financial / International Accounting Standards | ||||
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|  Selected response from: Rod Darby (X) Ghana Local time: 15:49 | |||
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| Summary of answers provided | ||||
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| 5 | German Commercial Code account numbers (or accounts) |
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| 5 | accounts according German Commercial Code (HGB) |
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| 4 -1 | Consolidated net income for the year |
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Answers
19 mins confidence: 
peer agreement (net): -1
peer agreement (net): -1Consolidated net income for the year Explanation: HGB-accounts I found this in a documentation -------------------------------------------------- Note added at 2003-05-22 17:05:24 (GMT) -------------------------------------------------- HGB- Handelsgesetzbuch CC- Comercial Code CC- accounts -------------------------------------------------- Note added at 2003-05-22 17:16:28 (GMT) -------------------------------------------------- HGB- Handelsgesetzbuch CC- Comercial Code CC- accounts -------------------------------------------------- Note added at 2003-05-22 17:16:37 (GMT) -------------------------------------------------- HGB- Handelsgesetzbuch CC- Comercial Code CC- accounts -------------------------------------------------- Note added at 2003-05-22 17:17:34 (GMT) -------------------------------------------------- I\'m sorry \"CC-accounts\" dosen\'t match the mentioned domain The used form is: HGB-accounts Reference: http://reports.huginonline.com/819687/89610.pdf Reference: http://www.hawesko.com/investorrelations/financialhistory.pd... |
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38 mins confidence:
German Commercial Code account numbers (or accounts) Explanation: this is a lousy translation that gets the meaning! HGB = Handelsgesetzbuch = German Commercial Code which contains what you might call Generally Accepted German Accounting Principles (Ger-GAAP?), which are different to US-GAAP, UK-GAAP and IAS accounting 'rules' (IAS is in the process of being renamed IFRS - International Financial Reporting Standards, but not to worry). Now, if you set up a balance sheet and income statement (P&L account) according to HGB rules, it won't conform to IFRS and vice-versa. So what you have to do is set up 3 kinds of accounts, ones which carry amoounts as calculated according to HGB, ones which carry IFRS-acceptable figures, and ones which are common to both (for cases where the two sets of rules happen to coincide, e.g. bank balances, petty cash and a few other things there's no arguing with). You can then tell SAP just to print the HGB and common accounts and you'll get HGB-compatible results, or just to print the IFRS and common accounts and you'll get a lovely balance sheet according to IAS! HTH, Rod Woywode: Accounting & Tax dico and experience |
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1 hr confidence:
accounts according German Commercial Code (HGB) Explanation: German companies are obliged to show their business processes easily to survey according §238 HGB. This means using a uniformed system of accounts (chart of accounts) Internationally comparable business reports have to use IAS SAP has a way of transforming these accounts Reference: http://www.fb3-fh-frankfurt.de/fb3/professoren/Friedemann/Do... Reference: http://www.sap-si.com/de/company/events/bankenforum/presenta... |
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