Oct 31, 2009 09:41
14 yrs ago
8 viewers *
English term
Italy
Puntualità e accuratezza
Native in: French 
, Italian
Works in: English to Italian, Italian to French, Italian to English, and 5 more.
topside
English
Bus/Financial
Finance (general)
I,ve already posted this question in the EN>IT pair, but I've been suggested to ask for the meaning. Can someone explain what that word means?
Corporate will consolidate all entities both SAP and in Excel format including topside and elimination entries.
Any transactions being recorded in consolidation such as eliminations of intercompany sales gets done topside.
Thanks a lot!!
Corporate will consolidate all entities both SAP and in Excel format including topside and elimination entries.
Any transactions being recorded in consolidation such as eliminations of intercompany sales gets done topside.
Thanks a lot!!
Responses
Responses
+1
2 hrs
Stephanie Ezrol
United States
United States
Native in English
&
English
Works in field
United States
French to English, English to English
Native in: English
Works in: English, French to English, French Middle (ca.1400-1600) to English
Related KudoZ points
:
51
Selected
term
This is the definition from the Center for Audit Quality
“Top-side” entries are those entries that generally do not appear as entries to the general ledger and, therefore, are not subject to standard system controls. In many cases, they are produced in a spreadsheet and maintained separately from the general ledger. These entries also can be recorded after the consolidation is completed, but before the financial statements are prepared.
“Top-side” entries are those entries that generally do not appear as entries to the general ledger and, therefore, are not subject to standard system controls. In many cases, they are produced in a spreadsheet and maintained separately from the general ledger. These entries also can be recorded after the consolidation is completed, but before the financial statements are prepared.
4 KudoZ points awarded for this answer.
Comment: "Yes, I think this fits with my context. "
14 mins
top management
. . .
+1
17 mins
Yasutomo Kanazawa
Japan
Japan
Japan
Scientia est potentia
Native in: Japanese 
Works in: English to Japanese, German to Japanese, Italian to Japanese, and 3 more.
Related KudoZ points
:
4
top priority (matters)
According to the above context, I think topside means top priority (matters). In the first sentence, it says that the corporate will consolidate all entities both SAP and in Excel format including all the entries which are of top priority and entries which should be eliminated.
And the second sentence means elimination of intercompany sales gets done immediately, having a top priority in order of doing things.
And the second sentence means elimination of intercompany sales gets done immediately, having a top priority in order of doing things.
Peer comment(s):
| agree |
chaman4723
2 hrs
|
|
Thank you
|
|
| agree |
Veronika McLaren
3 hrs
|
|
Thank you Veronika
|
|
| neutral |
Charlesp
: nice guess.
1 day 7 hrs
|
| disagree |
mattbramanti (X)
: No. Topside entries are those made outside of the general ledger.
836 days
|
-1
4 hrs
top executives / company's upper echelon
"Topside" is a noun that refers to the "top executives" of the company from definitions gleaned below:
From the Free Online Dictionary, I get these definitions:
top·side (tpsd)
n.
1. The surface of a ship's hull above the water line. Often used in the plural.
2. The highest position of authority.
topside [ˈtɒpˌsaɪd]
n
1. the uppermost side of anything
Both refer to uppermost parts---one of a ship, and the other of the top echelon of a company, etc.
From the Free Online Dictionary, I get these definitions:
top·side (tpsd)
n.
1. The surface of a ship's hull above the water line. Often used in the plural.
2. The highest position of authority.
topside [ˈtɒpˌsaɪd]
n
1. the uppermost side of anything
Both refer to uppermost parts---one of a ship, and the other of the top echelon of a company, etc.
Example sentence:
Accountability on the topside of an organization and beginning the cuts there?
Peer comment(s):
| disagree |
Charlesp
: intersting dictionar definitions, but quite apparently off point.
1 day 3 hrs
|
+1
10 hrs
manual
Top-side entries: Journal entries done to adjust the books after all
normal entries are completed for the accounting period. Top-side
entries are usually scrutinized carefully by auditors for signs of
financial reporting fraud.
This definition tells us that top-side entries are manual entries. Forced entries can also be used.
http://www.scribd.com/doc/15141756/The-Essential-Accounting-... (Page 551)
Example sentence:
The auditors did not design or implement procedures to review top-side entries, evidently relying on management's representation that there were no significant top-side entries--even though fraud via top-side entries took place just one year earlier.
Peer comment(s):
| agree |
Charlesp
: I will guess that this one sounds the most reasonable.
21 hrs
|
|
Thanks.
|
+1
1 day 3 hrs
unsupported entry
Putting a transaction in the main figures without providing justification.
This appears to be closely related to an illegal accounting practice:
"TOPSIDE ACCOUNTING ADJUSTMENTS/DEVICES is an illegal practice to where accountants manipulate its accounting practices to close gaps between actual operating results and results reported to the investing public. Accountants then falsely represent to the public that their audits were conducted in accordance with generally accepted auditing standards (GAAS) and that an entity's financial reports fairly represent the entity's financial condition and were prepared in accordance with generally accepted accounting principles (GAAP)."
http://www.ventureline.com/Glossary_T.asp
This appears to be closely related to an illegal accounting practice:
"TOPSIDE ACCOUNTING ADJUSTMENTS/DEVICES is an illegal practice to where accountants manipulate its accounting practices to close gaps between actual operating results and results reported to the investing public. Accountants then falsely represent to the public that their audits were conducted in accordance with generally accepted auditing standards (GAAS) and that an entity's financial reports fairly represent the entity's financial condition and were prepared in accordance with generally accepted accounting principles (GAAP)."
http://www.ventureline.com/Glossary_T.asp
2 days 2 hrs
Those that have made the grade.
All Entities which are topside are ones which have made the grade and have moved onto the next stage, came out ontop of the rest.
This next stage is handled by an up-line group or a group higher up in the organization (topside) and they will now handle any transactions being recorded in consolidation such as eliminations of intercompany sales.
"There must have been a problem with a selection of what went topside and what was eliminated, so now the company wants all applications and transactions done higher up"
This next stage is handled by an up-line group or a group higher up in the organization (topside) and they will now handle any transactions being recorded in consolidation such as eliminations of intercompany sales.
"There must have been a problem with a selection of what went topside and what was eliminated, so now the company wants all applications and transactions done higher up"
Discussion