ICP

English translation: intercompany partnership

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:ICP
Selected answer:intercompany partnership
Entered by: B D Finch

09:31 Jun 6, 2016
English language (monolingual) [PRO]
Bus/Financial - Accounting / cost accounting manual
English term or phrase: ICP
1. Importance or right ICP Activity
For this purpose, management of intercompany matching at value chain level is important:
a) An engineering unit working for another group company which works for an SPV will have to report its revenues on X - E&C Activity toward X - E&C Activity as intercompany activity. The X E&C client unit behaves in the same way by recording the related costs.
b) An engineering unit X - E&C working for an SPV must declare its revenues toward X - Generation activity as intercompany activity of the SPV. The SPV must account AUC or costs against group or third parties on Y Generation toward the X activity as intercompany activity

2. Companies offering E&C services account costs of people and external services on OpEx WBSs and, consequently, they recognize related revenues against group client company. Revenues are determined depending on the specific contract conditions. Recognition of ICP revenues and capitalized costs are performed:
Monthly, for the project within the same country;
Quarterly, for the project where the supplier and the client are in two different countries.
Vertrad
Romania
Local time: 22:30
intercompany partnership
Explanation:
https://www.reedsmith.com/files/uploads/State-Tax/BIS_-_Arti... Substantial intercompany-partnership transactions. (2) The partnership interest is the only or the most substantial asset of the corporation.

ir.exceltrust.com/mobile.view?c=233949&v=202&d=3&id...
Summary of Significant Accounting Policies ... All significant intercompany Partnership balances and transactions have been eliminated in consolidation and ...
Selected response from:

B D Finch
France
Local time: 21:30
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
2 +1intercompany partnership
B D Finch


Discussion entries: 2





  

Answers


2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
icp
intercompany partnership


Explanation:
https://www.reedsmith.com/files/uploads/State-Tax/BIS_-_Arti... Substantial intercompany-partnership transactions. (2) The partnership interest is the only or the most substantial asset of the corporation.

ir.exceltrust.com/mobile.view?c=233949&v=202&d=3&id...
Summary of Significant Accounting Policies ... All significant intercompany Partnership balances and transactions have been eliminated in consolidation and ...

B D Finch
France
Local time: 21:30
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Harry Crawford
15 hrs
  -> Thanks Harry
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search