This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
Widerrufenden
Rechnungsabgrenzung

Glossary entry

German term or phrase:

Umlaufvermögen

English translation:

current assets

Added to glossary by Ralf Lemster
Jan 8, 2003 00:33
21 yrs ago
21 viewers *
German term

Umlaufvermögen

German to English Bus/Financial Accounting
From a statement of accounts, annual report
Proposed translations (English)
4 +5 current assets
4 +1 current assets
4 current assets
4 floating/circulating/liquid assets
3 working capital
3 short-term/floating asset
Change log

Nov 9, 2005 20:09: Steffen Walter changed "Field (specific)" from "(none)" to "Accounting"

Proposed translations

+5
8 mins
Selected

current assets

The translation of "Umlaufvermögen" depends on the accounting standards; "current assets" is used in many European GAAP's and under IAS, while the term under US GAAP is "non-fixed assets".
Reference:

http://www.proz.com/kudoz/123425

Peer comment(s):
agree GATI (X)
1 hr
agree Bougie
1 hr
agree Chris Rowson (X)
2 hrs
agree Steffen Walter
9 hrs
agree RobinB : Surely "current assets" in all relevant accounting systems. Where did you get "non-fixed" from? It's not in either FARS or the AICPA taxonomy and illustratives. In GASB perhaps (still), but getting obsolete..
10 hrs
Agreed terminology for financial statements of a major bank - guess U know who I mean... but I agree with your strong preference
Something went wrong...
4 KudoZ points awarded for this answer.
+1
8 mins

current assets

ref. ProzGlossary
Peer comment(s):
agree Ted Wozniak
31 mins
Something went wrong...
9 mins

current assets

like cash or receivables as opposed to fixed assets.


--------------------------------------------------
Note added at 2003-01-08 00:44:30 (GMT)
--------------------------------------------------

sorry, I missed the previous answers before sending this off.
Something went wrong...
1 hr

working capital

According to Arthur Anderson it could either be current assets, revolving assets (not likely) or working capital, depending on context and the relationship of Umlaufvermoegen to liabilities. The sites below may be helpful.
Reference:

http://cpaclass.com/fsa/ratio-01a.htm

http://www.iatan.org/pdf/183.pdf

Something went wrong...
14 hrs

floating/circulating/liquid assets

according to Dietl/Lorenz
Something went wrong...
1 day 10 hrs

short-term/floating asset

ok
Something went wrong...
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search