Glossary entry (derived from question below)
German term or phrase:
zahlungswirksamen Effekte aus den sonstigen Rückstellungen
English translation:
cash-effective part of the other provisions
German term
zahlungswirksamen Effekte aus den sonstigen Rückstellungen
Die zahlungswirksamen Effekte aus den sonstigen Rückstellungen wurden in der Mehrjahresplanung für das GJ21P unterstellt.
4 | cash effects of other provisions | Robert Brown (X) |
1 +1 | cash effects from the other provisions | Sebastian Witte |
Jun 28, 2012 07:59: Steffen Walter changed "Field (specific)" from "Real Estate" to "Accounting" , "Field (write-in)" from " zahlungswirksamen Effekte aus den sonstigen Rückstellungen" to "(none)"
Jul 7, 2012 04:06: Diana Zehetner changed "Edited KOG entry" from "<a href="/profile/29134">Diana Zehetner's</a> old entry - " zahlungswirksamen Effekte aus den sonstigen Rückstellungen"" to ""cash-effective part of other provisions""
Proposed translations
cash effects of other provisions
For an official definition from accounting standards see IAS 37:
http://www.iasplus.com/en/standards/standard36
or FRS 12 for UK standards:
http://www.frc.org.uk/asb/technical/standards/pub0107.html
Essentially, if something has occurred which means a company is likely to have to pay out in the future (e.g. legal proceedings which the company is likely to lose) then the company should make a provision in its accounts. This means it will record a creditor on its balance sheet and a cost in its profit and loss account.
This is an accounting entry only - no cash is spent. The company is simply recognising that it will probably have to pay cash in the future.
As a result, when considering the company`s cash flow, this cost should not be included as a cash outflow in the current year. Nonetheless we expect that it will have to be paid at some point in the future, so we would include it in our cash flow forecasts and planning for future years.
Hope this helps.
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Note added at 6 hrs (2012-06-28 14:14:39 GMT)
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I'm wondering now if I should have posted this under discussion rather than answers. I'm new to ProZ so apologies if I posted in the wrong section.
cash effects from the other provisions
Anyone?
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Note added at 2 hrs (2012-06-28 10:15:40 GMT)
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http://www.proz.com/kudoz/german_to_english/accounting/78263...
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Note added at 2 hrs (2012-06-28 10:37:50 GMT)
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This explanation might be on point:
http://fsi-wiwi.de/forum/index.php?page=Thread&threadID=1546...
Thanks. This is exactly what I have done hoping for a better solution. |
agree |
Robert Brown (X)
: Agree with Sebastian. I might shorten the phrase to "Cash effects of other provisions" but agree with the meaning.
4 hrs
|
Discussion
http://www.google.de/webhp?hl=de&tab=ww#hl=de&gs_nf=1&cp=28&...
- nur 7 Treffer, das sieht doch SEEEEHR mau aus