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Handelsbilanz

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11:46 Sep 11, 2000
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Handelsbilanz
Text is an annual report for a company manufacturing printers. The company is the parent company of a group of consolidated companies.
Die landesrechtlichen Jahresabschlüsse (Handelsbilanz I) der ausländischen verbundenen Unternehmen und die jeweilige Handelsbilanz II, die sowohl die Bilanzierung- als auch die Bewertungsvorschriften der Konzernobergesellschaft beinhaltet, wurden geprüft. What is the distinction between the two Handelsbilanzen and how can they be translated?
Julie
English translation: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
Selected response from:

Nancy Schmeing
Canada
Local time: 09:10
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
nafinancial statementsNancy Schmeing
nacommentNancy Schmeing
naFinancial StatementsDenise Boehning
nacommercial balance sheetCami Townsend
nacommercial balance sheet
Tom Funke
naHandelsbilanz I is presumably the balance of trade at year's
Parrot
nabalance of trade
Mats Wiman


  

Answers


4 mins
balance of trade


Explanation:
normally between nations


    MW
Mats Wiman
Sweden
Local time: 15:10
Native speaker of: Native in SwedishSwedish
PRO pts in category: 14
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10 mins
commercial balance sheet


Explanation:
more likely than trade balance in this contect. (Schäfer, Wirtschaftswörterbuch)

Tom Funke
Local time: 09:10
Native speaker of: English
PRO pts in category: 4
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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.

Parrot
Spain
Local time: 15:10
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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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
Cami Townsend
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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

Denise Boehning
United States
Local time: 09:10
Works in field
Native speaker of: English
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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...
Nancy Schmeing
Canada
Local time: 09:10
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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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
Nancy Schmeing
Canada
Local time: 09:10
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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Changes made by editors
May 2, 2005 - Changes made by Steffen Walter:
Field (specific)(none) » Accounting


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