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Swedish to English translations [PRO]
Bus/Financial - Accounting | | Swedish term or phrase: valutadifferenser | | I have some accounts here where the note on finance costs lists these as well as kursdifferenser. They both say exchange rate differences to me. Any bright ideas? |
|  Chris SKudoZ activityQuestions: 41 (none open) ( 11 closed without grading) Answers: 181
United Kingdom
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| | currency gains or losses | Explanation:
In financial statements "valutadifferenser" is often added to or subtracted from other income and therefore considered a gain or a loss.
"Kursdifferenser", on the other hand, don't seem to be used in this way. They can even be compiled over a year and an average rate can be calculated for accounting purposes.
Just an observation of several different financial statements. |
| Selected response from:
SwedEng
Sweden
Local time: 21:17
| Grading comment Unfortunately we'll never know exactly what the accountant actually meant, but I think it's safe to conclude that valutadifferenser and kursdifferenser are the same thing. This was the only answer that tried to answer my question, and so the most helpful - thanks!
2 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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3 hrs confidence:   peer agreement (net): +1 currency gains or losses
Explanation:
In financial statements "valutadifferenser" is often added to or subtracted from other income and therefore considered a gain or a loss.
"Kursdifferenser", on the other hand, don't seem to be used in this way. They can even be compiled over a year and an average rate can be calculated for accounting purposes.
Just an observation of several different financial statements.
| SwedEng
Sweden
Local time: 21:17
Works in field
Native speaker of: English
PRO pts in category: 2
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| | Grading comment | Unfortunately we'll never know exactly what the accountant actually meant, but I think it's safe to conclude that valutadifferenser and kursdifferenser are the same thing. This was the only answer that tried to answer my question, and so the most helpful - thanks! |
| Notes to answerer
Asker: Interesting... Both are gains/losses, part of finance income/costs, but maybe the distinction they are trying to draw is between realised and unrealised gains/losses... Time for more research...
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| Changes made by editors |
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| Oct 14, 2010 - Changes made by SwedEng: | | Created KOG entry | KudoZ term => KOG term |
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