GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:15 Apr 22, 2008 |
Spanish to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: Richard Cadena Mexico Local time: 14:55 | ||||||
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Summary of answers provided | ||||
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5 | Valuation Reserve |
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5 | Valuation allowance |
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Valuation Reserve Explanation: valuation reserve Definition- [ Traduzca esta página ]valuation reserve - definition of valuation reserve - Allowance, created by a charge against earnings, to provide for changes in the value of a company's ... www.investorwords.com/5208/valuation_reserve.html - 16k - En caché - Páginas similare -------------------------------------------------- Note added at 5 mins (2008-04-22 15:21:12 GMT) -------------------------------------------------- valuation reserve Definition- [ Traduzca esta página ]valuation reserve - definition of valuation reserve - Allowance, created by a charge against earnings, to provide for changes in the value of a company's ... www.investorwords.com/5208/valuation_reserve.html - 16k - En caché - Páginas similare |
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Valuation allowance Explanation: Valuation allowance is a term most often used in connection with inventories, namely, obsolete or slow-moving inventories in accounting. Allowance is generally used in connection with a type of reserve created for assets (accounts receivable, inventories, etc.). No money is actually disbursed, but an entry is posted in the accounting records. Provision is generally used in connection with a type of reserve created for liabilities (accounts payable, taxes, etc.), and money is actually disbursed along with the entry posted in the accounting records. Reference: Accounting Trends & Techniques 1996-2007 editions The above reference has this special annotation relating to the use of the term "reserve". Accounting Trends and Techniques - 2007 Edition Page 261 - Section 2.261 RESERVES - USE OF THE TERM "RESERVE" Prior to being supersleded by the APB, the Committee on Terminology of the AICPA issued four terminology bulletins. In Accounting Terminology Bulletin No. 1, "Review and Resume", the Committee recommended that the term "Reserve" be applied only to amounts of retained earnings appropriated for general or specific purposes. 19 years of experience working with Mexico City member firms of international CPA firms (PwC, GTI, KPMG, RSMI, AGN, etc.) and financial entities in general from Spanish into English Reference: http://aicpa.org Reference: http://imcp.org.mx |
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