Glossary entry (derived from question below)
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
(English)
5 +2 | profit/loss recognition |
Sven Petersson
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4 +1 | revenue recognition of work in progress |
Peter Linton (X)
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4 | profit accounting (of work-in-progress) |
Adrian MM. (X)
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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.
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Note added at 28 mins (2005-03-24 07:16:50 GMT)
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FAR confirms.
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 ...
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 ...
+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
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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