abweichendes Geschäftsjahr
English translation: differing/different financial (BE)/fiscal (AE) year
| 15:01 May 14, 2005 |
| German to English translations [PRO] Bus/Financial - Accounting | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: RobinB United States Local time: 01:59 | ||||||
Grading comment
| |||||||
| Discussion entries: 6 | |
|---|---|
Answers
16 mins confidence: 
| abweichendes Geschäftsjahr diverging business year Explanation: perhaps |
| |
| Login to enter a peer comment (or grade) | ||
30 mins confidence:
| abweichendes Geschäftsjahr non-standard business year Explanation: Another idea... |
| |
| Login to enter a peer comment (or grade) | ||
56 mins confidence:
| abweichendes Geschäftsjahr alternative FY (financial - BE fiscal AE year) Explanation: Given the lack of context. I could see using plain old "different" if the FY is say, a subsidiary's FY that is different from the parent's FY. Non-calender is too specific without context, extraordinary to me means a one-time different FY, and arbitrary is wrong IMHO since that would imply once could change it a random. I'd likely translate your heading as "Differing period - Month in which the different FY begings" |
| |
| Login to enter a peer comment (or grade) | ||
1 hr confidence:
| abweichendes Geschäftsjahr Exceptional business year Explanation: The year was exceptional or different - not the standard one as usual |
| |
| Login to enter a peer comment (or grade) | ||
1 hr confidence:
| abweichendes Geschäftsjahr financial period shifting Explanation: - |
| |
| Login to enter a peer comment (or grade) | ||
22 hrs confidence:
| abweichendes Geschäftsjahr differing/different financial (BE)/fiscal (AE) year Explanation: This really is as simple as it looks. In most cases, it will refer to the situation where parents and subsidiaries have different FYs, e.g. as described in HGB s. 299(3): "(3) Wird bei abweichenden Abschlußstichtagen ein Unternehmen nicht auf der Grundlage eines auf den Stichtag und den Zeitraum des Konzernabschlusses aufgestellten Zwischenabschlusses in den Konzernabschluß einbezogen, so sind Vorgänge von besonderer Bedeutung für die Vermögens-, Finanz- und Ertragslage eines in den Konzernabschluß einbezogenen Unternehmens, die zwischen dem Abschlußstichtag dieses Unternehmens und dem Abschlußstichtag des Konzernabschlusses eingetreten sind, in der Konzernbilanz und der Konzern-Gewinn- und Verlustrechnung zu berücksichtigen oder im Konzernanhang anzugeben." "(3) If a company with a differing financial year-end is not included in the consolidated financial statements on the basis of interim financial statements prepared as at the balance sheet date and covering the period of the consolidated financial statements, transactions that materially affect the net assets, financial position and results of operations of a company included in the consolidated financial statements that have occurred between the balance sheet date of that company and the balance sheet date of the consolidated financial statements shall be recognised in the consolidated balance sheet and consolidated income statement and disclosed in the notes." For your text: "abweichende Periode - Monat an dem das abweichende Geschäftsjahr beginnt", the simplest translation is "Differing/different period - month in which the differing/different financial year commences". I think that "arbitrary" FY is completely wrong here, because apart from anything else, German law doesn't permit an arbitrary FY. And the IRS uses "business" year in the same way that German tax law talks of the "Wirtschaftsjahr" (not Geschäftsjahr), often also translated as "tax year". Sometimes, the simplest, most self-evident solutions really are the right ones... -------------------------------------------------- Note added at 23 hrs 3 mins (2005-05-15 14:04:50 GMT) -------------------------------------------------- It\'s not just HGB accounting where this concept appears, of course. Here\'s IAS 27.26/27: \"26. The financial statements of the parent and its subsidiaries used in the preparation of the consolidated financial statements shall be prepared as of the same reporting date. When the reporting dates of the parent and a subsidiary are different, the subsidiary prepares, for consolidation purposes, additional financial statements as of the same date as the financial statements of the parent unless it is impracticable to do so. 27. When, in accordance with paragraph 26, the financial statements of a subsidiary used in the preparation of consolidated financial statements are prepared as of a reporting date different from that of the parent, adjustments shall be made for the effects of significant transactions or events that occur between that date and the date of the parents financial statements. In any case, the difference between the reporting date of the subsidiary and that of the parent shall be no more than three months. The length of the reporting periods and any difference in the reporting dates shall be the same from period to period.\" \"26. Die Abschlüsse des Mutterunternehmens und seiner Tochterunternehmen, die bei der Aufstellung des Konzernabschlusses verwendet werden, sind gewöhnlich auf den gleichen Stichtag aufgestellt. Weichen die Abschlussstichtage des Mutterunternehmens und eines Tochterunternehmens voneinander ab, dann stellt das Tochterunternehmen einen Zwischenabschluss auf den Stichtag des Mutterunternehmens auf, sofern dies nicht undurchführbar ist. 27. Wird in Übereinstimmung mit Paragraph 26 der Abschluss eines Tochterunternehmens, der bei der Aufstellung des Konzernabschlusses herangezogen wird, zu einem vom Mutterunternehmen abweichenden Stichtag aufgestellt, so sind Berichtigungen für die Auswirkungen bedeutender Geschäftsvorfälle oder anderer Ereignisse vorzunehmen, die zwischen diesem Stichtag und dem Stichtag des Mutterunternehmens eingetreten sind. Der Unterschied zwischen den Abschlussstichtagen von Tochterunternehmen und Mutterunternehmen darf nicht mehr als drei Monate betragen. Die Länge der Berichtsperioden und die Abweichungen zwischen den Berichtsstichtagen müssen von Periode zu Periode gleich bleiben.\" Even US GAAP uses the same terminology. ARB 51.4: \"4. A difference in fiscal periods of a parent and a subsidiary does not of itself justify the exclusion of the subsidiary from consolidation. It ordinarily is feasible for the subsidiary to prepare, for consolidation purposes, statements for a period which corresponds with or closely approaches the fiscal period of the parent. However, where the difference is not more than about three months, it usually is acceptable to use, for consolidation purposes, the subsidiary\'s statements for its fiscal period; when this is done, recognition should be given by disclosure or otherwise to the effect of intervening events which materially affect the financial position or results of operations.\" |
| |
Grading comment
| ||
| 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.
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:
Search millions of term translations