allowance accounts

10:25 Jun 26, 2013
English to Swedish translations [PRO]
Bus/Financial - Accounting / annual rep./credit risk
English term or phrase: allowance accounts
Annual report. The term is found towards the end below.

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Financial instruments and risk management
...
(b) Credit risk
...
(ii) Trade and other receivables
...
The Group establishes an ALLOWANCE FOR IMPAIRMENT that represents its estimate of incurred losses in respect of trade and other receivables and investments. This ALLOWANCE includes a specific loss component that relates to individually significant exposures.
...
The Group mitigates the credit risk on other receivables from equity accounted investee by reference to the market value of the asset, controlled by the investee. The Group creates the ALLOWANCE FOR IMPAIRMENT of the receivables from equity accounted investee to reflect the recoverable amount of the receivables.
...
Based on the Group’s monitoring of customer credit risk, the Group believes that, except as indicated above, no IMPAIRMENT ALLOWANCE is necessary in respect of trade receivables not past due.

(iii) Investments
...
The movement in the ALLOWANCE FOR IMPAIRMENT in respect of held-to-maturity investments during the year was as follows:
...
The ALLOWANCE ACCOUNTS in respect of trade receivables and held-to-maturity investments are used to record impairment losses unless the Group is satisfied that no recovery of the amount owing is possible; at that point the amounts are considered irrecoverable and are written off against the financial asset directly.

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Thomas Johansson
Peru
Local time: 11:27


Summary of answers provided
3avsättningskonton
Joakim Braun


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
avsättningskonton


Explanation:
Dvs redovisningskonton.

Joakim Braun
Sweden
Local time: 17:27
Specializes in field
Native speaker of: Native in GermanGerman, Native in SwedishSwedish
PRO pts in category: 15
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