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German to English translations [PRO] Bus/Financial
German term or phrase:Bilanz feststellen
"Gleichzeitig mit der Uebersendung des Jahresabschlusses beruft der Geschaeftsfuehrer eine Gesellschafterversammlung ein, welche die Bilanz feststellt ..." Does the assembly of shareholders establish or acknowledge or determine or ascertain, etc. the financial statement, balance sheet?
Explanation: In an annual meeting (in the US, anyway), shareholders merely recognize, as fact, the financial statement submitted by the management. They have no power to change it, except voting out the board, with new management taking over.
gangels Local time: 07:19 Native speaker of: English, German PRO pts in pair: 5508