Glossary entry

Swedish term or phrase:

vinstavräkning

English translation:

profit/loss recognition

Added to glossary by Sven Petersson
Mar 24, 2005 06:47
19 yrs ago
3 viewers *
Swedish term

vinstavräkning

Swedish to English Bus/Financial Finance (general)
successiv vinstavräkning

Proposed translations

+2
28 mins
Swedish term (edited): vinstavr�kning
Selected

profit/loss recognition

:o)

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Note added at 28 mins (2005-03-24 07:16:50 GMT)
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FAR confirms.
Peer comment(s):

agree Tess Whitty
12 hrs
Thank you very much!
agree Mario Marcolin
5 days
Thank you very much!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Graded automatically based on peer agreement."
5 hrs
Swedish term (edited): successiv vinstavr�kning

profit accounting (of work-in-progress)

of work-in-progress.

More context would have been useful.

Gullbergb's dictionary again fails to deliver the goods.

... Successiv vinstavräkning som är den stora förändringen har införts med avsikt ... och analysera hur redovisning av successiv vinstavräkning tillämpas i ...
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+1
12 hrs
Swedish term (edited): vinstavr�kning

revenue recognition of work in progress

This may look like an after-the-event jumping-on-the-bandwagon let-the-others-do-the-research compromise answer, but I found this English translation of the Swedish term in a 1997 3-month report from Skanska. It seems to me a good compromise, because (as Sven rightly points out) vinstavräkning basically means revenue recognition, but (as Tom Thumb rightly points out) it also has to do with work in progress.
The whole idea is to try to assess annual profits on a multi-year project by looking at work in progress each year - but that's only possible if you have a good and accurate finances system - which is why it is a bit contentious, particularly for SMEs.
3
Peer comment(s):

agree Adrian MM. (X) : you band-waggoner!
5 hrs
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