Glossary entry

German term or phrase:

Soll-Wird, Wird-Wird

English translation:

target/forecast (variance), forecast/forecast (variance)

Added to glossary by Marc Svetov
Dec 19, 2015 01:20
8 yrs ago
German term

Soll-Wird, Wird-Wird

German to English Bus/Financial Business/Commerce (general) Management control
"Am Beispiel für die Gewinnabweichung ist schon deutlich geworden, dass verschiedene Ursachen für Abweichungen vorkommen.
Zu den wichtigsten Gruppen gehören:
Allerdings können auch Ist-Ist, Soll-Soll, Soll-Wird, Wird-Ist und Wird-Wird miteinander verglichen werden."

Can anybody help out here? I would be very grateful for any help offered. Thank you very much in advance.

Proposed translations

+2
46 mins
Selected

target/forecast (variance), forecast/forecast (variance)

I am not familiar with the "Wird" used in your text.

Nevertheless, I have provided a German controlling reference below that describes what "Wird" refers to.

From the German description, I would think that "Wird" refers to a forecast value. That is, "Soll-Wird" would be a "target/forecast" variance and "Wird-Wird" would be a "forecast/forecast" variance.

I have not looked at the German reference in detail to see what a "forecast/forecast" variance would be, but the forecasts might, for example, have been made on different dates, or refer to different dates.



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Note added at 5 hrs (2015-12-19 06:21:56 GMT)
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Based on Johanna's reference, it looks like I should have used "comparison" instead of "variance", i.e. target/forecast (comparison), forecast/forecast (comparison)
Peer comment(s):

agree Alexander Schleber (X) : Sounds very good.
7 hrs
Thanks Alexander !
agree Adrian MM. (X)
9 hrs
Thank you Adrian!
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4 KudoZ points awarded for this answer. Comment: "Thanks!"
2 days 12 hrs

target/guidance, guidance/guidance

In business, management usually gives "guidance" (does not make forecasts) as to anticipated results, which is then interpreted by financial analysts and mavens (if that is what is meant).

Das ganze ist ziemlicher Kauderwelsch und soll wahrscheinlich "gelehrt" klingen.

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Reference comments

1 hr
Reference:

***

Zielkontrolle (Soll-Soll), Planfortschriftskontrolle (Soll-Wird), Ergebniskontrolle (Soll-Ist), Prognosekontrolle (Wird-Wird), Prämissenkontrolle (Wird-Ist)

https://goo.gl/4pLRT9
Peer comments on this reference comment:

neutral Cilian O'Tuama : und wer nichts wird wird ignoriert
27 mins
What?
agree BrigitteHilgner : Wow! Das werde ich mir gleich notieren - so habe ich das noch nicht dargestellt gesehen.
4 hrs
Danke liebe Brigitte, ich kannte das auch nicht...wieder was total aus Versehen gelernt ;-)
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