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funksjon selskap

English translation: operating company


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:funksjon selskap
English translation:operating company
Entered by: Helen Johnson
Options:
- Contribute to this entry
- Include in personal glossary

06:10 Jun 12, 2009
Norwegian to English translations [PRO]
Bus/Financial - Accounting / annual accounts
Norwegian term or phrase: funksjon selskap
Exactly as it's written, funksjon selskap, on a Brønnøysundregistrene form to show what sort of company you are registering your accounts for, with a box by it so you can tick it off if your company is the sort that deviates from Section 6-1 of regnskapsloven.
Next to it is a box for the same purpose followed by Funksjon konsern.
Not sure what's meant by "Funksjon".
TIA
Helen Johnson
United Kingdom
Local time: 01:31
operating company
Explanation:
funksjon koncern - operating group of companies

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Note added at 14 mins (2009-06-12 06:24:47 GMT)
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should read: funksjon konsern - operating group of companies
Selected response from:

sampat
Switzerland
Local time: 02:31
Grading comment
I'll go with this - thanks.
2 KudoZ points were awarded for this answer



Summary of answers provided
3 +1operating companysampat
3 -1By function, company
Brigid McCauley


  

Answers


13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
operating company


Explanation:
funksjon koncern - operating group of companies

--------------------------------------------------
Note added at 14 mins (2009-06-12 06:24:47 GMT)
--------------------------------------------------

should read: funksjon konsern - operating group of companies

sampat
Switzerland
Local time: 02:31
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 2
Grading comment
I'll go with this - thanks.

Peer comments on this answer (and responses from the answerer)
agree  Charlesp: could be
5 hrs
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
By function, company


Explanation:
I interpret it to mean that by ticking that box, you indicate that the income statement is presented on the basis of company function rather than nature. The wording in the Accounting Act is: "Resultatregnskap etter funksjon", i.e. according to/on the basis of function.
"The Task Force proposes to allow the use of an income statement classified by function in addition to today’s requirement of using a classification based on a nature of expenses. "
"The Task Force proposes to allow the use of an income statement classified by function in addition to today’s requirement of using a classification based on a nature of expenses."
"Presentation by function
The Norwegian Accounting Act has a detailed specification how to present the profit and loss statement by nature. With IFRS companies are expected to choose the presentation form which gives best value for each business. Mamut will evaluate the development internationally and what leading Norwegian listed companies will do."


    Reference: http://www.regjeringen.no/nn/dep/fin/Dokument/NOU-ar/2003/no...
Brigid McCauley
Local time: 02:31
Meets criteria
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
disagree  Charlesp: Interesting, but i dont think so.
3 hrs
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