German: ImparitätsprinzipEnglish translation: imparity principle  KudoZ The KudoZ network provides a framework for translators ... More  |
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | German term or phrase: | Imparitätsprinzip | | English translation: | imparity principle | | Entered by: | Niamh Ruddy |
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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: Imparitätsprinzip | Does anyone know of a good translation for Imparitätsprinzip? Context: HGB notes.
Fremdwährungsforderungen und -verbindlichkeiten werden am Entstehungszeitpunkt grundsätzlich mit dem Kurs zu Beginn des jeweiligen Monats eingebucht. Sofern zum Bilanzstichtag geänderte Wechselkurse vorliegen, erfolgt eine Anpassung, um dem strengen Niederstwertprinzip bzw. dem Imparitätsprinzip Rechnung zu tragen. |
| | Clarification request(s) and responseNiamh Ruddy (asker): 4:25pm Nov 11, 2004: Since it's so specific to German, I'll probably have to use it in inverted commas with an explanation unless anyone comes up with a better suggestion.
Niamh Ruddy (asker): 4:27pm Nov 11, 2004: imparity it is, then - Thanks for the help!
RobinB: 4:49pm Nov 11, 2004: Niamh: don't bother with the inverted commas... -
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| | imparity principle | Explanation:
... is used here but is specific to German accounting principles - see, for example,
http://www.cfe-eutax.org/pdf_word_documents/events/pfd/Speng...
http://accurapid.com/journal/13finan.htm (***) -
"... IASs and the HGB differ in a number of key areas, for example:
Objectives: investor information (IASs) v. creditor protection (HGB);
In the IASs, "prudence" is used for estimating uncertain outcomes and may not be used to justify setting up hidden reserves, in contrast to the HGB;
Revenue recognition: the ***"imparity principle"*** of the GoB requires unrealized losses to be recognized, whereas unrealized gains (profits) may not be recognized; under the IASs, both unrealized losses and gains must be recognized (the IASs contain more detailed definitions and explanations of these instances); ..." |
| Selected response from:
 Steffen Walter
Germany
| Note from asker to answerer| 4 KudoZ points were awarded for this answer |
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11 mins confidence:   peer agreement (net): +1 |
| imparity principle
Explanation:
... is used here but is specific to German accounting principles - see, for example,
http://www.cfe-eutax.org/pdf_word_documents/events/pfd/Speng...
http://accurapid.com/journal/13finan.htm (***) -
"... IASs and the HGB differ in a number of key areas, for example:
Objectives: investor information (IASs) v. creditor protection (HGB);
In the IASs, "prudence" is used for estimating uncertain outcomes and may not be used to justify setting up hidden reserves, in contrast to the HGB;
Revenue recognition: the ***"imparity principle"*** of the GoB requires unrealized losses to be recognized, whereas unrealized gains (profits) may not be recognized; under the IASs, both unrealized losses and gains must be recognized (the IASs contain more detailed definitions and explanations of these instances); ..."
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