This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. French to English
  3. Accounting

méthode prospective d'allocation des valeurs nettes comptables par composant

English translation: actuarial projection method for (prospective) allocation of componentized net book values

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:méthode prospective d'allocation des valeurs nettes comptables par composant
English translation:actuarial projection method for (prospective) allocation of componentized net book values
Entered by: Adrian MM.

23:56 Apr 8, 2020
French to English translations [PRO]
Bus/Financial - Accounting / Immobilisations corporelles
French term or phrase: méthode prospective d'allocation des valeurs nettes comptables par composant
From the "Immobilisations corporelles" (Tangible fixed assets) section of an audit of annual accounts for a French company.

"Dans le cadre de l'application des normes CRC concernant les actifs, avec date d'application au 1er janvier 2005, l'option retenue est la méthode prospective d'allocation des valeurs nettes comptables par composant."

I have the individual terms - I think - but not sure how to put them all together and translate the preposition "par" here.
méthode prospective = prospective method
allocation = allocation (cf. IFRS?)
valeurs nettes comptables = net book values
composant = component

Is this referring to "componentization"?
Into U.S. English.
Joshua Parker
Mexico
Local time: 11:30
actuarial (forward) projection method for allocation of componentized net book values
Explanation:
Prospective valuation (IATE) doesn't chime with allocation. I agree that componentized is neater American-speak for per component or per item.

--------------------------------------------------
Note added at 1 day 8 hrs (2020-04-10 08:32:10 GMT)
--------------------------------------------------

As there seems to be a mental block about this answer, let's take an example:

depreciation may be charged 'prospectively' to items ('components') of office or industrial plant, machinery & equipment worth $ 10,000 on a writing-down allowance of, say, 10% a year. After 10 years the asset is worth nothing. If scrapped at a loss, it goes down in the accounts as a liability.

If sold at a profit (with a balancing allowance possibly subject to capital gain tax in the UK vs. a balancing charge of dep./ loss) the actuarial projection method would - prospectively again - keep the book value on the assets side of the bal. sheet.

--------------------------------------------------
Note added at 1 jour 19 heures (2020-04-10 19:32:24 GMT)
--------------------------------------------------

I wasn't getting at you, Josh, but at the usual stonewallers, including a qualified accountant (!) and (accounts-unqualified) tactical voters for the first answer.

Prospective method IMO is ambiguous for either a forward-looking or a tentatively usable method, whilst prospective-valuation method *for* allocation may indeed work better than a 'prospective valuation for allocation' when such valuation may not be carried out exclusively for such purpose e.g. of calculating the depreciation.
Selected response from:

Adrian MM.
Austria
Grading comment
Thank you, Adrian.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3the prospective method of allocating net book values ​​by component
Yassine El Bouknify
3actuarial (forward) projection method for allocation of componentized net book values
Adrian MM.


Discussion entries: 1





  

Answers


38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
the prospective method of allocating net book values ​​by component


Explanation:
.

Yassine El Bouknify
Morocco
Local time: 19:30
Native speaker of: Native in ArabicArabic

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: What does it mean?
1 hr
agree  philgoddard: I'm not sure what prospective means, but this is how I'd translate it.
2 hrs
agree  Catherine Earle: agree
21 hrs
agree  Chris Pr
1 day 11 hrs
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
actuarial (forward) projection method for allocation of componentized net book values


Explanation:
Prospective valuation (IATE) doesn't chime with allocation. I agree that componentized is neater American-speak for per component or per item.

--------------------------------------------------
Note added at 1 day 8 hrs (2020-04-10 08:32:10 GMT)
--------------------------------------------------

As there seems to be a mental block about this answer, let's take an example:

depreciation may be charged 'prospectively' to items ('components') of office or industrial plant, machinery & equipment worth $ 10,000 on a writing-down allowance of, say, 10% a year. After 10 years the asset is worth nothing. If scrapped at a loss, it goes down in the accounts as a liability.

If sold at a profit (with a balancing allowance possibly subject to capital gain tax in the UK vs. a balancing charge of dep./ loss) the actuarial projection method would - prospectively again - keep the book value on the assets side of the bal. sheet.

--------------------------------------------------
Note added at 1 jour 19 heures (2020-04-10 19:32:24 GMT)
--------------------------------------------------

I wasn't getting at you, Josh, but at the usual stonewallers, including a qualified accountant (!) and (accounts-unqualified) tactical voters for the first answer.

Prospective method IMO is ambiguous for either a forward-looking or a tentatively usable method, whilst prospective-valuation method *for* allocation may indeed work better than a 'prospective valuation for allocation' when such valuation may not be carried out exclusively for such purpose e.g. of calculating the depreciation.

Example sentence(s):
  • The use of probabilities to determine the statistical expected value of each future cash flow. This is the key differentiator. Simply put, the actuary will project forward-
  • IAS: The rationale of componentisation is simple: the various elements or components of PPE assets do not have identical useful lives. They may wear out or depreciate at different rates, and some may have a higher risk of impairment or obsolescence than o

    Reference: http://iate.europa.eu/search/standard/result/1586420430712/1
    Reference: http://eng.proz.com/kudoz/french-to-english/business-commerc...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 41
Grading comment
Thank you, Adrian.
Notes to answerer
Asker: Hi, Adrian. I wasn't ignoring your answer; I spent yesterday working on the rest of the document before coming back to this. Thank you for your input and explanations. What I don't get is why prospective valuation (depreciation?) doesn't chime with allocation...? "Prospective method" seems established, but I think "projection" works too. I have "prospective method for allocation of componentized net book values".

Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search