Handelsbilanz
English translation: comment
| 11:46 Sep 11, 2000 |
| German to English translations [PRO] Bus/Financial - Accounting | ||||
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|  Selected response from: Nancy Schmeing Canada Local time: 07:46 | |||
Grading comment
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| Summary of answers provided | ||||
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| na | balance of trade |
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| na | commercial balance sheet |
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| na | Handelsbilanz I is presumably the balance of trade at year's |
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| na | commercial balance sheet |
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| na | Financial Statements |
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| na | financial statements |
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| na | comment |
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Answers
4 mins
balance of trade Explanation: normally between nations MW |
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10 mins
commercial balance sheet Explanation: more likely than trade balance in this contect. (Schäfer, Wirtschaftswörterbuch) |
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10 mins
Handelsbilanz I is presumably the balance of trade at year's Explanation: end (which year?) whereas the "jeweiligen" of Handelsbilanz II seems to refer to a year in course. |
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10 mins
commercial balance sheet Explanation: A "Handelsbilanz" is a commercial balance sheet (as opposed to a "Steuerbilanz," or tax balance sheet. For more on commercial balance sheets as opposed to tax balance sheets, check out the links provided below. Applied to a U.S. context, a tax balance sheet would be the one prepared for tax purposes, while the commercial balance sheet would be prepared according to generally accepted accounting principles (U.S. GAAP). As far as the difference between the two commercial balance sheets mentioned in your excerpt, one appears to take the annual financial statements of all of the foreign subsidiaries into account, while the other also includes the balance sheet and valuation principles pertinent to the principal company of the group. Reference: http://www.us.kpmg.com/intlserv/intcorpt/pubs/gernews/134.ht... Reference: http://www.bham.ac.uk/EAA/eaa97/abstracts/MARTEN.HTM |
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1 hr
Financial Statements Explanation: First of all in the US, we refer to Balance Sheets as Balance Sheets. There is no such term (in Annul reports) as a Commercial Balance Sheet or Tax balance Sheet. All company's that have subsidiaries, will make up to sets of financial statements. One set is the set for the entire group (parent company) which includes the numbers of all its subsidiaries, the second set are the individual financial statements of each subsdiary. In this case they label the financials as I and II. MOst of the time you will see all of them listed in the Annual Report for example COmpany X owns Company Y, so X will have statements that include Y and statements only for Y. Financial Statements refer to the statements that include Balance Sheet and Income Statement and usually also Cashflow statement. Hope this helps |
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3 hrs
financial statements Explanation: The answer that said this is right. I have on my desk an annual report of Cognos, including the various fifancial statements mentioned and one more. A year or 2 ago, the US adopted new guidelines about reporting for companies with subsidiaries. It makes sense that the subsidiaries in the various countries have to report their business results as required by their countries. The entire multinational corporation has, as it says, its own way of accounting. By the way, you might find the following definitions useful: Affiliated Company: A company with less than 50% of its stock owned by another corporation, or one whose stock, with that of another corporation, is owned by the same controlling interests. Associated Company: A company owned jointly by two or more other companies. see URL Reference: http://www.globeinvestor.com/resources/glossary/glossarya.ht... |
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5 hrs
comment Explanation: The reason financial statement is correct is that the context defines Handelsbalanz as Jahresabschluss. The URL below gives a LEO definition of your word, and the applicable word is (annual) financial statement. About how to handle the distinction, your context does it for you. Namely, financial statements of the foreign subsidiaries compiled according to local regulations = H1, and financial statements of the same foreign subsidiaries according to the accounting and including internal balancing of the consolidated corporation=H2 This can be subtle, e.g.I've seen a case where one part of the concern bought from another, and that had to be properly accounted for to avoid double-counting the sales of those goods. Best wishes, Nancy Reference: http://dict.leo.org/?search=Jahresabschluss&lang=en |
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