Aug 29, 2011 21:42
13 yrs ago
91 viewers *
French term
comptes de régularisation
French to English
Law/Patents
Finance (general)
Financial statements
Hello
Two-fold query here: I've got this on the bottom line (the total line) of both an assets sheet and a liabilities sheet. Will it be the same translation for both? Also, the translation given is "accruals", but I also see when I look around "accruals and deferred income". Any advice as to which is best please?
thanks
Two-fold query here: I've got this on the bottom line (the total line) of both an assets sheet and a liabilities sheet. Will it be the same translation for both? Also, the translation given is "accruals", but I also see when I look around "accruals and deferred income". Any advice as to which is best please?
thanks
Proposed translations
(English)
4 +2 | accrual accounts | Matthew Kushinka |
4 +1 | adjustment accounts | Jennifer Forbes |
3 | accruals and deferrals | pooja_chic |
Proposed translations
+2
53 mins
Selected
accrual accounts
As I understand it, this term refers to accruals on both sides of the balance sheet (prepaid expenses and deferred income). So, yes, the term "accrual accounts" will work for both assets and liabilities, though a specific subheading under each line will of course be worded differently, e.g. "prepaid expenses" vs. "deferred income."
You can find more about accrual accounting in the links below.
You can find more about accrual accounting in the links below.
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
11 mins
adjustment accounts
This is the definition given in my Dictionnaire Pratique des Mondes de la Finance et de la Bourse (by Christopher Freeland). Another definition it gives is "accruals", but I think that adjustment accounts could reasonably appear on both sides of a balance shet.
Peer comment(s):
agree |
rkillings
: SAP uses this term, and it's a good choice because it finesses the issue of accrued vs. prepaid vs. deferred.
9 hrs
|
neutral |
Jack Dunwell
: There is absolutely no problem in differentiating accruals and prepayments...they are opposites. "Adjustment accounts" are what happens when you have a terrible accountant
15 hrs
|
8 hrs
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