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crystallized obligations

French translation: (obligations et dettes cristallisées)

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06:13 Sep 22, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: crystallized obligations
... after making provision for all known or crystallised obligations or liabilities of the Company in accordance with normal French accounting practice ...Thank you
Sylvie André
France
Local time: 08:52
French translation:(obligations et dettes cristallisées)
Explanation:
I don't think that this has anything to do with money and currency. It rather refers to obligations (or rights) that are "crystallised" meaning they are "set" or "registered" or " realized" in some way.

"When we draw up our balance sheet as on the last day of the year, we would be narrating all the items which show our obligations under the head `Liabilities'. Liabilities so shown are obligations which have actually crystallized and which we shall have to discharge without any doubt. In other words, these are absolute obligations, which are actually descended on the business which are not subject to any condition.

On the other hand, in course of running a business, you may feed that some obligations may possibly occur upon happening or non-happening of an event. For example, you may have received a claim from your supplier for an amount which you dispute for your own good reasons the supplier may be holding a different view, however, only then the debt becomes absolute and you will recognise it as a liability within the balance sheet.

Such liabilities which arise only upon occurrence or non-occurrence of an event, are called `Contingent Liabilities'. "

http://www.techno-preneur.net/timeis/timis2000/Edi/Unit9/Cha...

"On October 29, 1999, Cambior announced that it had reduced its gold hedging position by 1.3 million ounces through the purchase of one million ounces and the closing out of other positions totalling 300,000 ounces. As a result, the Company will incur
a net crystallized liability of $33 million."
http://www.cambior.com/communique/cambior/1999/anglais/22_99...

"it is held that merely because an expense relates to a transaction of an earlier year unless it can be said that the liability was determined and crystallised in the year in question on the basis of maintaining accounts on the mercantile system. In each case where the accounts are maintained on the mercantile basis it has to be found in respect of any claim, whether such liability was crystallised and quantified during the previous year so as to be required to be adjusted in the books of accounts of the previous year."
http://www.google.com/search?q=cache:www.taxnetin.com/kaushi...

I haven't found an equivalent in French yet, but I don't think it is "cristallisée", as I can't seem to find any reference to "dettes cristallisées" or "obligations cristallisées". I'll keep looking but maybe someone else will have some idea, taking it from here...
Selected response from:

Louise Atfield
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
na(obligations et dettes cristallisées)Louise Atfield
naobligations cristallisées
Brigitte Gendebien
naobligations cristalliséesTelesforo Fernandez


  

Answers


30 mins
obligations cristallisées


Explanation:
Merci de voir ci-dessous l'emploi du mot " cristallées"
.
La Commission des Normes Comptables a décidé - à juste titre - que les différences de change devront être enregistrées dans le compte de résultats de l’année 1998, puisque c’est au cours de l’année 1998 que les différences de change «cristallisées» le 1er janvier 1999 (c’est-à-dire dans les mois qui précèdent l’introduction de la monnaie unique) auront trouvé leur origine.


Telesforo Fernandez
Local time: 13:22
PRO pts in pair: 122

Peer comments on this answer (and responses from the answerer)
Louise Atfield
Login to enter a peer comment (or grade)

1 hr
obligations cristallisées


Explanation:
Voir aussi lien suivant:
http://www.accountancy.be/fra/ibr/publicaties/berichten/beri...



    Reference: http://www.accountancy.be/fra/ibr/publicaties/berichten/beri...
Brigitte Gendebien
Belgium
Local time: 08:52
Native speaker of: Native in FrenchFrench
PRO pts in pair: 755
Login to enter a peer comment (or grade)

4 hrs
(obligations et dettes cristallisées)


Explanation:
I don't think that this has anything to do with money and currency. It rather refers to obligations (or rights) that are "crystallised" meaning they are "set" or "registered" or " realized" in some way.

"When we draw up our balance sheet as on the last day of the year, we would be narrating all the items which show our obligations under the head `Liabilities'. Liabilities so shown are obligations which have actually crystallized and which we shall have to discharge without any doubt. In other words, these are absolute obligations, which are actually descended on the business which are not subject to any condition.

On the other hand, in course of running a business, you may feed that some obligations may possibly occur upon happening or non-happening of an event. For example, you may have received a claim from your supplier for an amount which you dispute for your own good reasons the supplier may be holding a different view, however, only then the debt becomes absolute and you will recognise it as a liability within the balance sheet.

Such liabilities which arise only upon occurrence or non-occurrence of an event, are called `Contingent Liabilities'. "

http://www.techno-preneur.net/timeis/timis2000/Edi/Unit9/Cha...

"On October 29, 1999, Cambior announced that it had reduced its gold hedging position by 1.3 million ounces through the purchase of one million ounces and the closing out of other positions totalling 300,000 ounces. As a result, the Company will incur
a net crystallized liability of $33 million."
http://www.cambior.com/communique/cambior/1999/anglais/22_99...

"it is held that merely because an expense relates to a transaction of an earlier year unless it can be said that the liability was determined and crystallised in the year in question on the basis of maintaining accounts on the mercantile system. In each case where the accounts are maintained on the mercantile basis it has to be found in respect of any claim, whether such liability was crystallised and quantified during the previous year so as to be required to be adjusted in the books of accounts of the previous year."
http://www.google.com/search?q=cache:www.taxnetin.com/kaushi...

I haven't found an equivalent in French yet, but I don't think it is "cristallisée", as I can't seem to find any reference to "dettes cristallisées" or "obligations cristallisées". I'll keep looking but maybe someone else will have some idea, taking it from here...

Louise Atfield
PRO pts in pair: 577
Login to enter a peer comment (or grade)




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