Clever accounting to hide bad, long-term economics
Czech translation: chytře vedené účetnictví skryje dlouhodobě špatné hospodářské výsledky
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.
21:24 Dec 12, 2010
English to Czech translations [PRO] Tech/Engineering - Finance (general) / experts
English term or phrase:Clever accounting to hide bad, long-term economics
Scene two controllership
Clever accounting to hide bad, longterm economics
The CFO is interested, how Sales propose to make the required inventory turnover, given theit current surplus. Anita is able to tell him, the team has come up with innovative plan.
Anita : I got one of our distributors to give us a Purchase irder for enough inventory, to make up the whole sales shortfall. We are giving them a healthy discount of course and extended payment terms so that they should sell most stock before they pay us. We will also reimburse them for their cost of storing and carrying the inventory. The neat thing is they will accept title at the end of the quater as soon as we load the trucks at our docks. Ehmm, i verbally agreed, if they have more inventory then they need, they can return it in january.