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"Abstrakte Bilanzierungsfähigkeit" / "Konkrete Bilanzierungsfähigkeit"

English translation: theoretical/actual recognizability

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:\"Abstrakte Bilanzierungsfähigkeit\" / \"Konkrete Bilanzierungsfähigkeit\"
English translation:theoretical/actual recognizability
Entered by: vanessaClen

14:30 Dec 11, 2012
German to English translations [PRO]
Bus/Financial - Accounting / IFRS/IAS
German term or phrase: "Abstrakte Bilanzierungsfähigkeit" / "Konkrete Bilanzierungsfähigkeit"
Accounting manual simply has "Abstrakte Bilanzierungsfähigkeit" and "Konkrete Bilanzierungsfähigkeit" has headings under intangible assets.

Thanks for any help given
vanessaClen
Local time: 18:30
theoretical/actual recognizability
Explanation:
This appears to be a HGB concept, not an IFRS one. An item is first reviewed to see if can be theoretically recognized as an asset or liability in the financial or tax accounts, i.e., does it fall under one of the categories set forth in § 247 HGB.

If so, it is then further examined to see if can be actually recognized based on the facts in the individual case, e.g., there is no prohibition on recognition.
Selected response from:

Ted Wozniak
United States
Local time: 11:30
Grading comment
Thank you very much!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2theoretical/actual recognizability
Ted Wozniak


  

Answers


19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
theoretical/actual recognizability


Explanation:
This appears to be a HGB concept, not an IFRS one. An item is first reviewed to see if can be theoretically recognized as an asset or liability in the financial or tax accounts, i.e., does it fall under one of the categories set forth in § 247 HGB.

If so, it is then further examined to see if can be actually recognized based on the facts in the individual case, e.g., there is no prohibition on recognition.


    Reference: http://www.docju.de/themen/bilanz_neu/bilanzfaehig.htm
    Reference: http://www.steuerberaten.de/tag/bilanzierungsfaehigkeit/
Ted Wozniak
United States
Local time: 11:30
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 762
Grading comment
Thank you very much!

Peer comments on this answer (and responses from the answerer)
agree  Maja_K
2 mins
agree  RobinB: Though I think I might say "eligibility for recognition" rather than "recognizability" (do we really use that term in accounting?)
6 hrs
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