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Bilanzdatum / Devisenverschiebungen

English translation: Currency fluctuations, date of the balance sheet

06:11 Jan 5, 2001
German to English translations [PRO]
Bus/Financial
German term or phrase: Bilanzdatum / Devisenverschiebungen
Bedingt durch die unterschiedlichen Termine für z.B. den Versand der Rechnungen, den Kontostand am Jahresende, das Bilanzdatum usw. treten Devisenverschiebungen auf, die in der Bilanz wiedergegeben werden müssen.
This sentence is taken from a presentation on the annual financial statements of a timeshare holiday club in Spain. The presentation is being given by a representative of the management company at the AGM attended by members of the club. The previous part of the text has mentioned that as members come from different countries, invoices for administration fees are sent out in different currencies and these fees are paid into accounts in different countries. The fees for each currency are calculated on the basis of the British pound.
I hope this provides enough background for you to be able to figure out the sentence quoted. I have singled out the two words mentioned above for translation but any help with the sentence would be appreciated.
Julie Neill, BA (Hons), MCIL, MITI
Spain
Local time: 09:15
English translation:Currency fluctuations, date of the balance sheet
Explanation:

The different/varying dates of e.g. the mailing of invoices, the account balance at the end of the year, the date of the balance sheet etc. cause currency fluctuations that must be reflected in the balance sheet.

Selected response from:

Gunther Wolf
Local time: 03:15
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
naend of the financial year / currency changes
Mats Wiman
naCurrency fluctuations, date of the balance sheet
Gunther Wolf
nabalance sheet date/ paraphrase
Tim Drayton


  

Answers


35 mins
end of the financial year / currency changes


Explanation:
Bilanzdatum=literally=date of the balance sheet, which is the same as the above.
To the best of my knowledge there is no corresponding English term.


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Mats Wiman
Sweden
Local time: 09:15
Native speaker of: Native in SwedishSwedish
PRO pts in pair: 1498

Peer comments on this answer (and responses from the answerer)
Ulrike Lieder (X)
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46 mins
Currency fluctuations, date of the balance sheet


Explanation:

The different/varying dates of e.g. the mailing of invoices, the account balance at the end of the year, the date of the balance sheet etc. cause currency fluctuations that must be reflected in the balance sheet.




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Gunther Wolf
Local time: 03:15
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in pair: 250

Peer comments on this answer (and responses from the answerer)
Ulrike Lieder (X)
Beth Kantus
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2 hrs
balance sheet date/ paraphrase


Explanation:
I have always known 'balance sheet date' (or 'qualifying date') to be the translation of 'Bilanzdatum'.
I would stick my neck out and say that 'Devisenverschiebungen' is incorrectly used here, it should refer to the crime of currency trafficking, but that is obviously not what is meant here.
My version of the sentence would be:
The different dates for e.g. the sending of invoices, year-end statements of account, the balance sheet date etc. mean that discrepencies arise due to exchange rate fluctuation, which must be reflected in the balance sheet.

Tim Drayton
Cyprus
Local time: 10:15
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 154
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