GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:52 Jan 10, 2003 |
Spanish to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: John Rynne Local time: 05:15 | ||||||
Grading comment
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realization; period of reversion Explanation: In fiscal 1998, the Company recognized the benefit of $1,800,000 (1997 - $1,800,000) of previously unrealized investment tax credits as their realization became reasonably assured due to the earnings history of the relevant subsidiary. -------- Then @ 1.5% retroactive from Delinquency through remainder of period of reversion/redemption. Reference: http://www.geac.com/1998/taxes.htm Reference: http://www.title-check.com/pa123.html |
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satisfaction / fulfillment / compliance Explanation: hth -------------------------------------------------- Note added at 2003-01-10 16:13:50 (GMT) -------------------------------------------------- sorry: only for \"realización\" |
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realisation, reversal period Explanation: My version: Tax credits relating to unused tax losses and pre-paid taxes are recorded to the extent that they will be offset against future tax charges (i.e. that their future realisation is reasonably assured). Consequently, by application of the prudence principle, if there are any doubts as to their future recovery, they are not recorded as tax credits. The future realisation of pre-paid taxes is deemed not to be sufficiently assured when it is envisaged that they will be recovered in a period of more than ten years from year-end, except where there are deferred tax liabilities for the same or a higher amount whose reversal period is the same as that of the pre-paid taxes. -------------------------------------------------- Note added at 2003-01-10 16:37:39 (GMT) -------------------------------------------------- I ran out of space responding to Jane (below): \"recognition\" or \"recording\" are appropriate translations for \"contabilizar\". Here, the tax credits \"se contabilizan\" (are recognised or recorded) only if there is reasonable assurance that the company will generate a future tax debt large enough to offset them - that is to say, that it will \"realise\" the tax credits by using them to cut the tax bill. Meantime, it has actually \"recognised\" them. -------------------------------------------------- Note added at 2003-01-10 16:43:27 (GMT) Post-grading -------------------------------------------------- I ran out of space responding to Jane (below): \"recognition\" or \"recording\" are appropriate translations for \"contabilizar\". Here, the tax credits \"se contabilizan\" (are recognised or recorded) only if there is reasonable assurance that the company will generate a future tax debt large enough to offset them - that is to say, that it will \"realise\" the tax credits by using them to cut the tax bill. Meantime, it has actually \"recognised\" them. |
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Grading comment
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recognition or recording [depending] and reversal term Explanation: I would use recognition or recording rather than realization.... entries are recognized or recorded in accounting.... |
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(future) materialization; the period/interval in which they are to revert Explanation: Sounds like my SAP documents, any relation? Trust you to come up with the worst... ;-) |
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