Accounted for

English translation: taken into account/included and valued

23:27 Jun 20, 2012

English language (monolingual) [PRO]
Bus/Financial - Economics

English term or phrase: Accounted for

Dear Colleagues,

What is the meaning of the above verb in the following context:

Where associates and joint ventures are accounted for under the equity method, earnings of such entities are eligible for inclusion in the CET1 capital..

Thanks so much for your help ..

Taghreed Mahmoud KudoZ activity Questions: 330 (6 open) (4 without valid answers) (22 closed without grading) Answers: 404 Egypt
Local time: 01:36

Selected answer:taken into account/included and valued

Explanation:
that's it

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Note added at 7 mins (2012-06-20 23:35:26 GMT)
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i.e. the financial input is also considered

Selected response from:

David Hollywood
Local time: 20:36

Grading comment

Thanks so much
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +2

taken into account/included and valued

David Hollywood

4 +1

tax accounting according to (the equity method)

Stephanie Ezrol

Answers

6 mins confidence:

peer agreement (net): +2

accounted for

taken into account/included and valued

David Hollywood
Local time: 20:36
Native speaker of: English
PRO pts in category: 12

Grading comment

Thanks so much

Notes to answerer

Asker: Thanks so much for your help

22 mins confidence:

peer agreement (net): +1

accounted for tax accounting according to (the equity method)

Explanation:
Accounted for is a short way of saying that the method or form of tax accounting/reporting to the relevant govt authorities.

There is a wikipedia entry on equity method that is helpfuk in setting th context.

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Note added at 36 mins (2012-06-21 00:04:33 GMT)
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HERE IS A USEFUL REFERENCE from the Accounting Firm Deloitte:

Applying the Equity Method of Accounting
Basic principle. Under the equity method of accounting, an equity investment is initially recorded at cost and is subsequently adjusted to reflect the investor's share of the net profit or loss of the associate. [IAS 28.11]
...

Transactions with associates. If an associate is accounted for using the equity method, unrealised profits and losses resulting from upstream (associate to investor) and downstream (investor to associate) transactions should be eliminated to the extent of the investor's interest in the associate. However, unrealised losses should not be eliminated to the extent that the transaction provides evidence of an impairment of the asset transferred
http://www.iasplus.com/en/standards/standard27

Stephanie Ezrol
United States
Local time: 19:36
Specializes in field
Native speaker of: English
PRO pts in category: 8

Notes to answerer

Asker: Thanks so much .. I have to correct my translation then ..

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Accounted for

English translation: taken into account/included and valued

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