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GoB

English translation: Grundsätze ordnungsgemäßer Buchfuhrung [Principles of Proper Accounting]

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17:52 Oct 18, 2000
German to English translations [PRO]
Bus/Financial
German term or phrase: GoB
From a description of inventory methods. "Allerdings muessen die statistischen Verfahren den GoB entsprechen.
I can't find an acronym finder that works for German business/law abbreviations.
Kim Metzger
Mexico
Local time: 06:51
English translation:Grundsätze ordnungsgemäßer Buchfuhrung [Principles of Proper Accounting]
Explanation:
If this indeed fits your context, the abbreviation "GoB," often written "GOB," stands for "Grundsätze ordnungsgemäßer Buchfuhrung." An equivalent is given in brackets, which you might want to use once and then continue using GOB in your translation. Some people loosely refer to the principles as German GAAP, but that tends to confuse the issue. The GOB are actually not a written set of rules in and of themselves, but an amalgamation of commercial tax laws, EC directives, the rulings of national and European courts, IDW opinions, etc.
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Cami Townsend
Grading comment
Thank you very much.
4 KudoZ points were awarded for this answer

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naGrundsätze ordnungsgemäßer Buchfuhrung [Principles of Proper Accounting]Cami Townsend


  

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9 mins
Grundsätze ordnungsgemäßer Buchfuhrung [Principles of Proper Accounting]


Explanation:
If this indeed fits your context, the abbreviation "GoB," often written "GOB," stands for "Grundsätze ordnungsgemäßer Buchfuhrung." An equivalent is given in brackets, which you might want to use once and then continue using GOB in your translation. Some people loosely refer to the principles as German GAAP, but that tends to confuse the issue. The GOB are actually not a written set of rules in and of themselves, but an amalgamation of commercial tax laws, EC directives, the rulings of national and European courts, IDW opinions, etc.



    [My information stems from a workshop on German financial reporting at the last ATA conference.]
Cami Townsend
PRO pts in pair: 227
Grading comment
Thank you very much.
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