Übersetzung für "Rechnungslegungssystem" in Englisch

To what extent will an accounting system have to be standardised globally?

Accounting systems are the "soul" of a company's financial management.

Vendor information are registered and stored in the EIB’s electronic accounting system (PeopleSoft Financials).

That is anacceptable goal but, in my opinion, this mixture of indicator and accounting systemdiscussions has become quite negative.

When moving from one international financial reporting system to another, it is possible to use several permitted exceptions.

In this context, it is recalled that the company did not keep any ledgers nor did the accounting system used by the company allow verification of the completeness and accuracy of the accounts.

However, since the exchange rate used in the accounting system was equal to the daily rate of the individual export sale, and therefore reflected the sales amount in the domestic currency, no adjustment for speculative currency gains could be granted.

Many European banks argue that IAS 39 does not allow them to apply hedge accounting to their core deposits on a portfolio basis and would force them to carry out disproportionate and costly changes both to their asset/liability management and to their accounting systems.

However, International Financial Reporting Standards (IFRS) are essentially a European project incorporating a principles-based system of accounting.

The accounting system must have an entry on both the assets and the liabilities sides as soon as a commitment is entered into, for example, and not wait until the payment has actually been made.

In order to conclude whether the final accounts give a true and fair view, the Audit Authority shall verify that all the financial data and public contributions received and entered in the accounts prepared by the Responsible Authority for the financial year are correctly recorded in the accounting system and correspond to the supporting accounting records maintained by the Responsible Authority.

In order to conclude whether the accounts give a true and fair view, the Audit Authority shall verify that all elements of expenditure paid and public contributions received and entered into the accounts of the Responsible Authority in the financial year are correctly recorded in the accounting system and correspond to the supporting accounting records maintained by the Responsible Authority.

However, during the verification visit, the company representative refused to provide essential information such as the audited accounts and extractions from the accounting system.

For the sake of compliance with the principles of transparency and sound financial management, the public-sector bodies or bodies with a public-service mission to which implementing tasks are delegated on behalf of the Commission should have transparent procurement procedures, effective internal controls, a system for presentation of the accounts which is separate from their other activities and an external audit.

It is expected that a Member State permitting, and any company adopting, a policy of fair value should do so only in accordance with a recognised, generally accepted accounting system, such as that provided by adopted IAS.

However, under the Spanish accounting system, the consolidation of accounts is required in case of ‘control’ [64] and is done both for domestic and foreign associations of companies, in order to provide the global situation of a group of companies subject to unitary control.

Contrary to the Commission’s position as expressed in the initiating Decision, the Spanish authorities maintain that Article 12(5) TRLIS does not constitute an exception to the Spanish corporate tax system since: (i) the Spanish accounting system is not an appropriate point of reference to substantiate the existence of an exception to the tax system; and (ii) even if it were, the characterisation of financial goodwill as a depreciable asset over time has historically been a general feature of the Spanish accounting and corporate tax systems.

NCBs shall derive the required statistical information concerning their own central bank balance sheet from their accounting system by means of the bridging tables set out in Annex I to this Guideline.

As a preliminary remark and on a subsidiary basis, the Commission notes that the measure at issue derogates from the Spanish accounting system.

In effect, in this connection the 30 interested parties refer to provisions [67] that are no longer in force under the current Spanish accounting system.

However, under the Spanish accounting system, the consolidation of accounts is required in case of ‘control’ [86] and is done for both domestic and foreign associations of companies, in order to provide the global situation of a group of companies subject to unitary control.

Indirect costs are those eligible indirect costs which cannot be identified by the participant as being directly attributed to the project but which can be identified and justified by its accounting system as being incurred in direct relationship with the eligible direct costs attributed to the project.

However, if due to changes in their accounting system participants are no longer able to identify the actual indirect costs, the effective date of the change of the ICM is applicable for on-going projects.

Namely, the severe problems with the accounting system of the company made it impossible to verify whether the criterion stipulated in Article 9(5)(b) of the basic Regulation that export prices and quantities, and conditions and terms of sale are freely determined, was fulfilled.