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Romanian to English translations [PRO]
Bus/Financial - Accounting / bilant | | Romanian term or phrase: sume de reluat | I.VENITURl lN AVANS
1. Subventii pentru investitii (ct. 475)
2. Venituri inregistrate in avans (ct. 472) - total (rd.63 + 64), din care:
Sume de reluat intr-o perioada de pana la un an (ct. 472*)
Sume de reluat intr-o perioada mai mare de un an (ct. 472*}
Fond comercial negativ (ct.2075) |
| | | amounts to be recognized as income | Explanation:
Sau moved/transferred to the revenue account.
Aici se explică (cât de cât) ce e cu reluarea aceasta:
Veniturile în avans sunt separate în partea ce va fi reluată la venituri într-o perioadă de până la un an şi sume de reluat într-o perioadă mai mare de un an.
http://www.scribd.com/doc/46258649/Stagiu-III-Ceccar
Deferred revenue (or deferred income) is a liability, such as cash received FROM a counterpart for goods or services are to be delivered in a later accounting period, when such income item is earned, the related revenue item is recognized, and the deferred revenue is reduced.
...............
Advances are considered a deferred income and are recorded as liabilities until the whole price is paid and the delivery made (i.e. matching obligations are incurred).
http://en.wikipedia.org/wiki/Revenue_recognition
Accounting for Deferrals
Because 6 months of services were completed in 20X7, $1,500 ($250 x 6 months) must be recognized in a single year-end adjusting entry. An adjusting entry to move this amount ($1,500) from the Unearned Revenue account to the Revenue account accomplishes this task. This adjusting entry is a claims exchange transaction.
In this situation, the decrease in liabilities (unearned revenues on the balance sheet) causes revenue recognition in the income statement. Recall that revenue is defined as either an increase in assets or decrease in liabilities (as it is in our situation) resulting from operating activities.
Set up the grant as deferred income: eg a $3 million grant is awarded that is to be used to buy for $9 million a dilapidated building in 2000 that is estimated to have a useful life of 3 years. The deferred income account will behave as follows:
Date Open/Balance b/d Recognition
as income Balance c/d |
| Selected response from:
MCristy
Romania
Local time: 07:46
| Grading comment Multumesc.
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The translation workplace 
peer agreement (net): +5