Jul 28, 2000 04:38
24 yrs ago
1 viewer *
German term
Margit Hengsberger (X)
entkonsolidieren
German to English
Bus/Financial
"Viel Arbeit wartet also auf das Management und auf die mit der Rechnungslegung befassten Mitarbeiter, die schließlich auch noch (die Firma Y) entkonsolidieren müssen."
Frankly, I haven't got much of a clue what "entkonsolidieren" means. I tend to think it means "sell off" since it's a text about one company buying another and having to sell off a third as a condition to buy the first.
Urgent help would be greatly appreciated. Thanks.
Frankly, I haven't got much of a clue what "entkonsolidieren" means. I tend to think it means "sell off" since it's a text about one company buying another and having to sell off a third as a condition to buy the first.
Urgent help would be greatly appreciated. Thanks.
Proposed translations
(English)
| 0 | unconsolidate |
Nancy Schmeing
|
| 0 | what about "divide"? |
Antje Ruppert
|
| 0 | Too late again! |
Dan McCrosky (X)
|
Proposed translations
21 mins
Nancy Schmeing
Canada
Canada
Native in English
Canada
When saying it right matters. Reasonable
Native in: English 
Works in: German to English
Related KudoZ points
:
328
Selected
unconsolidate
This means to recalculate financial statements to eliminate the financial contributions of Y. Then the company will know how they are doing without their subsidiary.
Here is test I found on this:
"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."
Here is test I found on this:
"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."
4 KudoZ points awarded for this answer.
Comment: "Thank you ever so much for the explanation and the reference :)"
23 mins
what about "divide"?
Don't you love those new age sensitive terms?
Good luck,
Antje
Good luck,
Antje
44 mins
Too late again!
Too late again.
"deconsolidate" and "unconsolidate" are not listed in NODE but used in business among other things. Deconsolidate is often used when talking about school systems and the like. It is however used for companies in the sense of reducing tax liability as shown at:
http://www.ruchelaw.com/ftart/95art/9502news.html -
"At the time the regulations were issued, the I.R.S. announced that corporate groups could elect to deconsolidate if the net effect of the new regulations on the tax liability of the group is substantially adverse. In Rev. Proc. 95-11, 95-4 I.R.B. ___, the I.R.S. announced procedures for electing deconsolidation. An important aspect of the procedures is that a showing of net adverse impact will not be a requirement for a group to elect to discontinue the filing of a consolidated tax returns. To deconsolidate, I.R.S. approval must be obtained."
or
http://biz.yahoo.com/e/990820/bev.html -
"As a result of this refinancing, the Company was required by Statement of Financial Accounting Standards No. 125, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities," ("SFAS No. 125") to deconsolidate Beverly Funding Corporation. SFAS No. 125 provides accounting and reporting standards for sales, securitizations, and servicing of receivables and other financial assets, secured borrowing and collateral transactions, and the extinguishments of liabilities. It requires companies to recognize the financial and servicing assets it controls and the liabilities it has incurred and to deconsolidate financial assets when control has been surrendered in accordance with the criteria provided in SFAS No. 125."
For financial reporting, the term unconsolidate is very often used, as shown at:
http://biz.yahoo.com/bw/000630/tengtu_int.html -
"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."
Especially as your context mentions reporting/accounting, I would think unconsolidate might be good.
If you are sure they mean only to sell off the third company, in the sense of "abstoßen", and not one or the other of the above meanings, then sell off, spin off or divest are possible according to Romain and Hamblock/Wessels.
HTH - Dan
"deconsolidate" and "unconsolidate" are not listed in NODE but used in business among other things. Deconsolidate is often used when talking about school systems and the like. It is however used for companies in the sense of reducing tax liability as shown at:
http://www.ruchelaw.com/ftart/95art/9502news.html -
"At the time the regulations were issued, the I.R.S. announced that corporate groups could elect to deconsolidate if the net effect of the new regulations on the tax liability of the group is substantially adverse. In Rev. Proc. 95-11, 95-4 I.R.B. ___, the I.R.S. announced procedures for electing deconsolidation. An important aspect of the procedures is that a showing of net adverse impact will not be a requirement for a group to elect to discontinue the filing of a consolidated tax returns. To deconsolidate, I.R.S. approval must be obtained."
or
http://biz.yahoo.com/e/990820/bev.html -
"As a result of this refinancing, the Company was required by Statement of Financial Accounting Standards No. 125, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities," ("SFAS No. 125") to deconsolidate Beverly Funding Corporation. SFAS No. 125 provides accounting and reporting standards for sales, securitizations, and servicing of receivables and other financial assets, secured borrowing and collateral transactions, and the extinguishments of liabilities. It requires companies to recognize the financial and servicing assets it controls and the liabilities it has incurred and to deconsolidate financial assets when control has been surrendered in accordance with the criteria provided in SFAS No. 125."
For financial reporting, the term unconsolidate is very often used, as shown at:
http://biz.yahoo.com/bw/000630/tengtu_int.html -
"Due to corporate restructuring, no meaningful figures were available for the March 31, 1999 three-months and nine-months reporting periods. December 31, 1999 figures reflect restatement of previously reported figures to unconsolidate the results of a minority subsidiary and to include special charges. All figures reported are in U.S. dollars."
Especially as your context mentions reporting/accounting, I would think unconsolidate might be good.
If you are sure they mean only to sell off the third company, in the sense of "abstoßen", and not one or the other of the above meanings, then sell off, spin off or divest are possible according to Romain and Hamblock/Wessels.
HTH - Dan
Something went wrong...