Dec 13, 2011 08:05
12 yrs ago
1 viewer *
German term
rückgestellt
German to English
Bus/Financial
Accounting
"Reklamationskosten aus den alten Qualitätsproblem bezüglich XX werden in 2011 rückgestellt"
What does rückstellen mean in this context?
TIA for any help!
What does rückstellen mean in this context?
TIA for any help!
Proposed translations
(English)
| 4 +4 | rewrite using "provision" |
Bruce Campbell
|
| 3 | accrued for |
pj-ffm
|
| 3 | restituted |
Nutan Niphadkar
|
Change log
Dec 13, 2011 09:08: Steffen Walter changed "Field (specific)" from "Business/Commerce (general)" to "Accounting"
Proposed translations
+4
51 mins
Selected
rewrite using "provision"
My reading of the sentence is that a provision ("Rückstellung") is formed for these expenses.
For example, in its 2010 financial statements, the Austrian central bank (OeNB) translates
"Darin sind entrichtete und rückgestellte Pensionskassenbeiträge enthalten."
http://www.oenb.at/de/img/gb_2009_tcm14-192068.pdf
as
"This item includes pension plan contributions and provisions for such contributions."
http://www.oenb.at/bilanz2010/en/downloads/Financial_Stateme...
For example, in its 2010 financial statements, the Austrian central bank (OeNB) translates
"Darin sind entrichtete und rückgestellte Pensionskassenbeiträge enthalten."
http://www.oenb.at/de/img/gb_2009_tcm14-192068.pdf
as
"This item includes pension plan contributions and provisions for such contributions."
http://www.oenb.at/bilanz2010/en/downloads/Financial_Stateme...
4 KudoZ points awarded for this answer.
Comment: "Many thanks!"
7 mins
accrued for
"Accrued for" would make sense here
38 mins
restituted
It probably refers to liability claims, wherein, expenses incurred on complaints related to quality problems are refunded.
Something went wrong...