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Weitergabe an die Bilanzierung

English translation: Preparation for balance accounts

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13:26 Apr 7, 2008
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: Weitergabe an die Bilanzierung
Verantwortliche Bilanzierung (Jahres- und Quartalsabschlüsse) der Versicherungstechnik (Brutto und Rückversicherung) aller Schadenversicherer nach HGB, US-GAAP und Weitergabe an die Bilanzierung.

I don't understand the process here. If you start off with a responsible balancing or preparation of the annual and quarterly accounts, why do you then do a forwarding or distribution to the balancing or preparation of the accounts?
Shane London
Australia
Local time: 20:20
English translation:Preparation for balance accounts
Explanation:
As far as I remember, in industrial bookkeeping
You make up operating and non-operating cost to conclude operating loss or income, which will be included in final balance.

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Note added at 2 hrs (2008-04-07 16:04:45 GMT)
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I.e: Gross and re-insurance in this case.

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Note added at 3 hrs (2008-04-07 17:17:19 GMT)
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yes, indeed, whilst gross insurance is incoming and reinsurance outgoing item (the big companies have to reinsure their capital with trusts of higher ranking, which is the consorcio de seguros here in spain.
Selected response from:

Christine Bollmann
Spain
Local time: 11:20
Grading comment
Thanks for that.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3Preparation for balance accounts
Christine Bollmann


Discussion entries: 1





  

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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Preparation for balance accounts


Explanation:
As far as I remember, in industrial bookkeeping
You make up operating and non-operating cost to conclude operating loss or income, which will be included in final balance.

--------------------------------------------------
Note added at 2 hrs (2008-04-07 16:04:45 GMT)
--------------------------------------------------

I.e: Gross and re-insurance in this case.

--------------------------------------------------
Note added at 3 hrs (2008-04-07 17:17:19 GMT)
--------------------------------------------------

yes, indeed, whilst gross insurance is incoming and reinsurance outgoing item (the big companies have to reinsure their capital with trusts of higher ranking, which is the consorcio de seguros here in spain.

Christine Bollmann
Spain
Local time: 11:20
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Grading comment
Thanks for that.
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Changes made by editors
Apr 17, 2008 - Changes made by Steffen Walter:
Removed from KOGWeitergabe an die Bilanzierung > preparation for balance accounts by <a href="/profile/34047">Steffen Walter</a> » Reason: English equivalent questionable.
Apr 17, 2008 - Changes made by Steffen Walter:
Edited KOG entry<a href="/profile/67877">Shane London's</a> old entry - "Weitergabe an die Bilanzierung" » "Preparation for balance accounts"


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