Glossary entry (derived from question below)
German term or phrase:
ungewisse Verpflichtungen
English translation:
uncertain obligations
Added to glossary by
Lisa Davey
May 9, 2005 16:25
19 yrs ago
4 viewers *
German term
United Kingdom
ungewisse Verpflichtungen
German to English
Bus/Financial
Accounting
Annual accounts
Full sentence: (under a general heading of Vermögenslage)
Die Rückstellungen berücksichtigen alle erkennbare Risiken und *ungewissen Verpflichtungen*.
Is there a set phrase for this is UK English?
Thanks
Die Rückstellungen berücksichtigen alle erkennbare Risiken und *ungewissen Verpflichtungen*.
Is there a set phrase for this is UK English?
Thanks
Proposed translations
(English)
| 5 +1 | uncertain obligations |
RobinB
|
| 4 | contingent liabilities |
Steffen Walter
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Proposed translations
+1
5 hrs
Selected
uncertain obligations
"Provisions are recognised for all identifiable risks and uncertain obligations."
You could also say "Provisions are recognised for all identifiable risks and liabilities of uncertain timing or amount".
You never, **ever**, recognise provisions for contingent liabilities. Doesn't matter if it's IFRSs or HGB. Contingent liabilities are never recognised, they're only disclosed in the notes.
You could also say "Provisions are recognised for all identifiable risks and liabilities of uncertain timing or amount".
You never, **ever**, recognise provisions for contingent liabilities. Doesn't matter if it's IFRSs or HGB. Contingent liabilities are never recognised, they're only disclosed in the notes.
4 KudoZ points awarded for this answer.
Comment: "Thanks - especially for the extra info"
5 mins
Steffen Walter
Germany
Germany
Native in German
Specializes in field
Germany
Top-Notch Service | Direct Clients Only
Native in: German (Variant: Germany) 
Works in: English to German, German to English, French to German, and 1 more.
Related KudoZ points
:
444
contingent liabilities
Provisions include all identifiable risks and c.l.
(one way to go about this one)
Which accounting standards are to be applied here? Depending on the answer, Rückstellungen could also be "reserves" (US GAAP).
(one way to go about this one)
Which accounting standards are to be applied here? Depending on the answer, Rückstellungen could also be "reserves" (US GAAP).
Peer comment(s):
| agree |
Sladjana Spaic
47 mins
|
| disagree |
RobinB
: Steffen: Sorry about this, but provisions are never recognised for contingent liabilities, which are (only) disclosed in the notes.
5 hrs
|
|
Thank you for the correction.
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Discussion