19:50 Jul 12, 2016 |
German to English translations [PRO] Bus/Financial - Manufacturing / Inventory-taking | |||||||
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| Selected response from: Björn Vrooman Local time: 07:01 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | inventory deadline |
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4 | up-to-date inventory |
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3 +1 | inventory on or around the cut-off date |
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3 | shortly/ten days before or after the balance sheet date/year-end |
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Discussion entries: 11 | |
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inventory deadline Explanation: The term you're requesting is not in the source text provided. In this case, inventory must be taken within ten days, preceeding or following, the deadline. All differences/changes occurring between the deadline and inventory day must be documented. |
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up-to-date inventory Explanation: According to Benz/Wessels Woerterbuch Logistik |
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inventory on or around the cut-off date Explanation: That's the way I understand it. |
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shortly/ten days before or after the balance sheet date/year-end Explanation: Pieced together from discussion entries: Stichtagsinventur = am Bilanzstichtag (balance sheet date, year-end) http://wirtschaftslexikon.gabler.de/Definition/stichtagsinve... https://www.wiwiweb.de/buchfuehrung/grundlagen/inventur/vere... http://www.accountingtools.com/balance-sheet-date What seems to be the "zeitnah": "When inventory quantities are determined solely by means of a physical count, and all counts are made as of the balance-sheet date or as of a single date within a reasonable time before or after the balance-sheet date, it is ordinarily necessary for the independent auditor to be present at the time of count" https://pcaobus.org/Standards/Auditing/Pages/AS2510.aspx The cutoff date is this here: "It is the date chosen to stop the flow of transactions, merchandise, cash, and so on for audit purposes. For example, in taking a physical inventory, there must be a cutoff date applicable to sales and purchases. This may require closing receiving and shipping rooms while the inventory count takes place." https://www.allbusiness.com/barrons_dictionary/dictionary-cu... I don't believe you can say "around the cutoff date," as this would imply that you could stop the flow of goods ten days after starting your physical inventory count. As far as I understand it, that would only create havoc but no usable data. |
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