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Aufrechnungsdifferenzen

English translation: netting/elimination/offsetting differences

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Aufrechnungsdifferenzen
English translation:netting/elimination/offsetting differences
Entered by: Sebastian Witte

10:42 Sep 7, 2017
German to English translations [PRO]
Bus/Financial - Accounting / Auditor\'s report on auditing the Group Management Report
German term or phrase: Aufrechnungsdifferenzen
Dear all,

We are translating the Group Management Report of the ZZZ Group concerning the Consolidated Financial Statements as at 30/UU/2015 from German/Germany into English/UK. The reporting entity is required to observe German GAAP/HGB accounting regulations when drawing up the various Zahlenwerke/'accounting statements' of the Group/entities included in the basis of consolidation, its own single-entity financial statements and the Consolidated Financial Statements for the Group. (Have I gotten this right logically just now? The job is quite large at 25.3 K words.)

DE:
Die Währungsdifferenzen im Eigenkapital - einschließlich der auf Fremdgesellschafter entfallenden Anteile - in Höhe von TEUR X.XXX resultieren im Wesentlichen aus der Veränderung der ***Aufrechnungsdifferenzen*** aus der Stichtagsbewertung der Forderungen und Verbindlichkeiten der im Konsolidierungskreis enthaltenen Gesellschaften die in Fremdwährung geführt werden.

First draft, not yet proofread, including two alternative translations still awaiting a final decision:
The equity differences due to currency translation [PricewaterhouseCoopers]/currency translation differences [fellow accounting translator] - including the shares attributable to third-party shareholders - in the amount of kEUR X,XXX largely result from the change in the ***netting differences*** resulting from the reporting date measurement of the receivables owed to and liabilities towards the companies included in the basis of consolidation that are carried/denominated in foreign currency.

What would you put?

Best regards,

Sebastian Witte
Sebastian Witte
Germany
Local time: 13:44
netting/elimination/offsetting differences
Explanation:
Sebastian: All of these are possible, so you're free to stick with your own suggestion of "netting differences", which is perfectly acceptable. My own preference would be for "elimination differences" because we're talking about consolidation adjustments (eliminations) here, but there's no particular reason for you to follow my preference.

Some other points:

"Equity differences due to currency translation" is pure translatorese Denglish. This is simply not an English accounting term, as opposed to "currency translation differences".

"auf Fremdgesellschafter entfallende Anteile" are "minority interests", pure and simple.

I would say simply "receivables from and liabilities to" and "that are accounted for in foreign currency".
Selected response from:

RobinB
United States
Local time: 06:44
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2netting/elimination/offsetting differences
RobinB


Discussion entries: 1





  

Answers


2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +2
netting/elimination/offsetting differences


Explanation:
Sebastian: All of these are possible, so you're free to stick with your own suggestion of "netting differences", which is perfectly acceptable. My own preference would be for "elimination differences" because we're talking about consolidation adjustments (eliminations) here, but there's no particular reason for you to follow my preference.

Some other points:

"Equity differences due to currency translation" is pure translatorese Denglish. This is simply not an English accounting term, as opposed to "currency translation differences".

"auf Fremdgesellschafter entfallende Anteile" are "minority interests", pure and simple.

I would say simply "receivables from and liabilities to" and "that are accounted for in foreign currency".

RobinB
United States
Local time: 06:44
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 993
Notes to answerer
Asker: Thanks!


Peer comments on this answer (and responses from the answerer)
agree  Steffen Walter
39 mins
agree  Ted Wozniak: on all counts, esp. minority interests
1 hr
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