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Swedish to English translations [PRO]
Bus/Financial - Accounting / Leasing, investment account management | | Swedish term or phrase: bortbokning | Not much context, really...
Eg.: "Kan Leasehold-affären bokas bort?"
I have a hunch that this might relate to an accounting mechanism through which a company can keep items off the balance sheet through leasing instead of buying. But I need to be certain... can anyone help me with this term? |
|   Christian SchoenbergKudoZ activityQuestions: 32 (none open) ( 1 without valid answers) Answers: 261
United States
| | Local time: 23:10
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| | derecognition | Explanation:
I suspect this has nothing to do with keeping items off the balance sheet, but is instead a concept in IAS 39, under which companies can derecognise financial assets from their balance sheets, on the grounds that the asset has been repaid or has matured, and therefore will not yield any further cash flow. So in this case it would seem that they have been involved in a leasing deal which is now come to the end of his life, and should therefore be removed (in other words derecognised) from the balance sheet. See ref. |
| Selected response from:
 Peter Linton
Local time: 04:10
| Grading comment You, sir, are a genius!!! That's it. Thanks so much. ("ophør af indregning" in Danish, if anyone is interested :-)
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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35 mins confidence:  "off balance-sheet" (activities)
Explanation:
According to the encyclopedia of Banking and Finance, 9th edition, page 774: Borrowing in a way that the obligation is not recorded on the borrower's financial statement (hence the term "off balance-sheet" (activties.)
I guess this is what your are looking for.
| ojinaga
Local time: 21:10
Specializes in field
Native speaker of:  Norwegian
PRO pts in category: 4
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