Apr 13, 2019 15:14
5 yrs ago
4 viewers *
German term
zugehen
German to English
Bus/Financial
Accounting
The general context is discussion of the "modified retrospective approach" under IFRS 16 (and it is to this that 'Ansatz' refers).
Bei diesem Ansatz gehen die Leasingverbindlichkeit und der Vermögenswert mit dem Barwert der ausstehenden Leasingzahlungen zu.
My question: what is the best translation for 'zugehen' in this mini-context?
Bei diesem Ansatz gehen die Leasingverbindlichkeit und der Vermögenswert mit dem Barwert der ausstehenden Leasingzahlungen zu.
My question: what is the best translation for 'zugehen' in this mini-context?
Proposed translations
(English)
| 1 +4 | accounted for / measured / recognized |
Andres Larsen
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| 4 | go in |
Adrian MM.
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Proposed translations
+4
1 hr
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English 
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
20
Selected
accounted for / measured / recognized
with this modified retrospective approach, lease liabilities and assets are accounted for / measured / recognized at the present value of the outstanding lease payments
sources:
Example: How to Adopt IFRS 16 Leases - IFRSbox - Making IFRS Easy
https://www.ifrsbox.com/example-adopt-ifrs-16-leases/
Depreciation of the ROU asset: Let's say it's straight line over the lease term of 5 ... c) Accounting for the lease payments before 1 January 2018 under IFRS 16 ... the lease liability under modified retrospective approach as present value of the ... In this example, lease liability is effectively measured as present value of the ...
Leases Discount rates - KPMG Global
https://home.kpmg.com/content/dam/.../leases-discount-rate.p... -
16 sep. 2017 - new assets and liabilities are initially measured at the present value of the lease ... the sum of the present value of (i) the lease payments and (ii) the unguaranteed ... under a retrospective approach, historical discount rates must be determined. .... For example, if the modification is accounted for as a.
Leases payments - KPMG
https://assets.kpmg.com/content/dam/kpmg/.../lease-payments.... -
16 nov. 2017 - lease payments should be included in the lease liability, initially and subsequently? ... A lessee that follows a modified retrospective approach can elect to transition ... volatility to gross assets and liabilities for lessees, due to the ..... is measured at the present value of the future lease payments plus any.
Insights into IFRS 16 - Grant Thornton Ireland
https://www.grantthornton.ie/globalassets/.../grant-thornton... -
1 ene. 2019 - Under the modified retrospective approach, for leases previously classified as operating leases, the lease liability is measured at the present value of the remaining lease payments and discounted using the incremental borrowing rate at the ... right-of-use asset and the lease liability are accounted for by.
Leases: Top differences between IFRS 16 and ASC 842
https://advisory.kpmg.us/articles/.../ifrs-16-asc-842-differ...
The IFRS and US GAAP requirements for lessees' Day Two accounting will create ... while the lessee will report an asset and a liability related to all leases on its ... They apply mainly to the modified retrospective approach for leases that ... measures the right-of-use asset at the present value of the lease payments in the ...
At "lease" - Deloitte
https://www2.deloitte.com/.../us-aers-hu-at-lease-there-are-... -
17 oct. 2018 - In the transition to ASC 842, the lease obligation for an operating lease is typically measured ... Q&A 3 Operating Lease Payments That Fluctuate on the Basis of a ... Q&A 4 Approaches to Accounting for Executory Costs for Operating ..... A lessee shall measure the lease liability at the present value of the ...
IFRS IN PRACTICE / IFRS 16 Leases - BDO Global
https://www.bdo.global/...in.../IFRS16-Leases_print.pdf.aspx...
31 dic. 2017 - Practical Expedients – Modified Retrospective Approach ... IFRS 16 Leases brings significant changes in accounting ..... contract as a lease, recognising an asset and liability for the present value of all payments to be made ...
sources:
Example: How to Adopt IFRS 16 Leases - IFRSbox - Making IFRS Easy
https://www.ifrsbox.com/example-adopt-ifrs-16-leases/
Depreciation of the ROU asset: Let's say it's straight line over the lease term of 5 ... c) Accounting for the lease payments before 1 January 2018 under IFRS 16 ... the lease liability under modified retrospective approach as present value of the ... In this example, lease liability is effectively measured as present value of the ...
Leases Discount rates - KPMG Global
https://home.kpmg.com/content/dam/.../leases-discount-rate.p... -
16 sep. 2017 - new assets and liabilities are initially measured at the present value of the lease ... the sum of the present value of (i) the lease payments and (ii) the unguaranteed ... under a retrospective approach, historical discount rates must be determined. .... For example, if the modification is accounted for as a.
Leases payments - KPMG
https://assets.kpmg.com/content/dam/kpmg/.../lease-payments.... -
16 nov. 2017 - lease payments should be included in the lease liability, initially and subsequently? ... A lessee that follows a modified retrospective approach can elect to transition ... volatility to gross assets and liabilities for lessees, due to the ..... is measured at the present value of the future lease payments plus any.
Insights into IFRS 16 - Grant Thornton Ireland
https://www.grantthornton.ie/globalassets/.../grant-thornton... -
1 ene. 2019 - Under the modified retrospective approach, for leases previously classified as operating leases, the lease liability is measured at the present value of the remaining lease payments and discounted using the incremental borrowing rate at the ... right-of-use asset and the lease liability are accounted for by.
Leases: Top differences between IFRS 16 and ASC 842
https://advisory.kpmg.us/articles/.../ifrs-16-asc-842-differ...
The IFRS and US GAAP requirements for lessees' Day Two accounting will create ... while the lessee will report an asset and a liability related to all leases on its ... They apply mainly to the modified retrospective approach for leases that ... measures the right-of-use asset at the present value of the lease payments in the ...
At "lease" - Deloitte
https://www2.deloitte.com/.../us-aers-hu-at-lease-there-are-... -
17 oct. 2018 - In the transition to ASC 842, the lease obligation for an operating lease is typically measured ... Q&A 3 Operating Lease Payments That Fluctuate on the Basis of a ... Q&A 4 Approaches to Accounting for Executory Costs for Operating ..... A lessee shall measure the lease liability at the present value of the ...
IFRS IN PRACTICE / IFRS 16 Leases - BDO Global
https://www.bdo.global/...in.../IFRS16-Leases_print.pdf.aspx...
31 dic. 2017 - Practical Expedients – Modified Retrospective Approach ... IFRS 16 Leases brings significant changes in accounting ..... contract as a lease, recognising an asset and liability for the present value of all payments to be made ...
Note from asker:
| Thank you, Andres. |
Peer comment(s):
| agree |
philgoddard
9 hrs
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Thanks, Phil!
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| agree |
Steffen Walter
: ... are recognised at the (net) present value of the outstanding/due lease payments
15 hrs
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Danke, Steffen, auch für Deinen hilfreichen Kommentar!
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| agree |
michael10705 (X)
21 hrs
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Thanks!
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| agree |
Christopher Stoldt
4 days
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4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish)
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
25
go in
> go into, so are entered in the accounts > .... at the cash value of the o/s leasing payments.
I don't think - pace Robin B. and Ted W. - that zuegehen is an accounting term of art, rather eingehen would switch the emphasis to 'are received' e.g. by the leassors or finance co.
Note the (laughably) unparsed verb of zu(-)gehen in the web ref.
I don't think - pace Robin B. and Ted W. - that zuegehen is an accounting term of art, rather eingehen would switch the emphasis to 'are received' e.g. by the leassors or finance co.
Note the (laughably) unparsed verb of zu(-)gehen in the web ref.
Peer comment(s):
| neutral |
Steffen Walter
: Your KudoZ ref. includes an infinitive to be written as two words ("zu gehen"), which is not what's meant here./I agree that "eingehen" would be more plausible here (gehen ... [in die Berechnung ...] ... ein: are recognised at the (N)PV of ...)./I see :-)
1 hr
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The fusion of the words is what I meant by laughable// Otherwise, ‚zugehen‘ is not exactly a standard, non-coll. term of art in DE, plus note UK accountants’ idiom of ‘go in‘ (the left col.) www.accountingtools.com/articles/2017/5/17/debits-and-credi...
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| neutral |
philgoddard
: I've never seen "go in" used in this way.
8 hrs
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So you have seen ‚zugehen‘ as a standard, non-coll. term of art in German. Also you may have been out of the UK too long post-a/cs qualif. www.accountingtools.com/articles/2017/5/17/debits-and-credi... debits always *go in* the left column
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Discussion
Further context would be helpful, though.