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Ansatz, ansatzpflichtig

English translation: recognition, requiring recognition

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Ansatz, ansatzpflichtig
English translation:recognition, requiring recognition
Entered by: Eva Middleton

19:53 Mar 14, 2006
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Ansatz, ansatzpflichtig
This is from a document detailing the preparation of a financial statement:
"Ansatz: Immaterielle Vermoegensgegenstaende des Anlagevermoegens sind grundsaetzlich ansatzpflichtig."

Does this have something to do with having to estimate the value? Is there an elegant translation? Thanks.
Eva Middleton
Local time: 23:17
recognition, requiring recognition
Explanation:
intangible assets must be recognized

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Note added at 12 mins (2006-03-14 20:05:23 GMT)
--------------------------------------------------

Immaterielle Vermoegensgegenstaende des Anlagevermoegens = noncurrent/long-term intangible assets
Selected response from:

Ted Wozniak
United States
Local time: 17:17
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2recognition, requiring recognition
Ted Wozniak
3 -2Declaration:
gangels (X)


  

Answers


6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -2
Declaration:


Explanation:
Proprietary asset classes of the invested assets are fundamentally subject to declaration

gangels (X)
Local time: 16:17
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 122

Peer comments on this answer (and responses from the answerer)
disagree  Ted Wozniak: Sorry but not one word of that is normal or standard accounting jargon. Well, except for "asset classes" but that still doesn't apply here.
4 mins
disagree  RobinB: Completely and utterly wrong, I'm afraid.
29 mins
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2 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
recognition, requiring recognition


Explanation:
intangible assets must be recognized

--------------------------------------------------
Note added at 12 mins (2006-03-14 20:05:23 GMT)
--------------------------------------------------

Immaterielle Vermoegensgegenstaende des Anlagevermoegens = noncurrent/long-term intangible assets

Ted Wozniak
United States
Local time: 17:17
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 762

Peer comments on this answer (and responses from the answerer)
agree  RobinB: This is presumably HGB, as the German terminology is not allowed for IFRSs, so "intangible assets" or "intangible fixed assets" (as per the new Deutsches Bilanzrecht/German Accounting Legislation) would be the appropriate term.//I don't get royalties!!!
32 mins
agree  Alison Schwitzgebel: Robin just loves to get those plugs in for Deutsches Bilanzrecht ;-)
1 hr
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