Jun 12, 2020 12:54
3 yrs ago
36 viewers *
French term
Fast and Accurate
Native in: English
Works in: Russian to English, French to English, Italian to English, and 1 more.
double contrepartie
French to English
Bus/Financial
Accounting
double contrepartie
En 2019, le Groupe a fait évoluer sa politique d’activation des charges : les coûts sont désormais comptabilisés directement au bilan en immobilisations, sans passer par la ***double contrepartie*** charges / production immobilisée.
Any help would be greatly appreciated!
Any help would be greatly appreciated!
Proposed translations
(English)
| 3 +1 | double offsetting entries |
Michael Grabczan-Grabowski
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| 4 | double entry bookkeeping |
Francois Boye
|
| 2 | dual counterparts |
SafeTex
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| 3 -1 | double compensation |
Lisa Rosengard
|
Proposed translations
+1
6 hrs
Michael Grabczan-Grabowski
Canada
Canada
Native in English
Specializes in field
Canada
Affordable. High Quality. Native English
Native in: English (Variants: British, UK, South African, US, Australian, Canadian, New Zealand)
Works in: Spanish to English, French to English, Polish to English
Related KudoZ points
:
4
Selected
double offsetting entries
There's no question that "double-entry bookkeeping" is done by default (there is no other accounting method that's used), but in the accounting field, it's common to refer to offsetting entries.
In the source text at hand, they are referring to the company's expense capitalization policy. Expense capitalization refers to the recognition of expenses in the balance sheet as fixed assets that are depreciated or amortized over time, as they are not used up immediately. For example, if you buy a utility vehicle that has a useful life of 5 years and you paid $5,000 for it, then that $5,000 will be a capitalized expense (i.e., it will increase your capital) and the cost will be depreciated (reducing the capital) over the next five years. Once fully depreciated, the cost of the vehicle will be fully expensed.
Here's my attempt at translating your sentence:
In 2019, the Group changed its expense capitalization policy to the effect that going forward costs are recognized in the balance sheet as fixed assets without posting double offsetting entries in the relevant expense and asset accounts.
Just a note on my translation: The French have their own particular chart of accounts, including one specifically for "capitalized costs," but as far as I know, you would otherwise use the relevant asset account. See this link for more info: http://www.plancomptable.com/titre-IV/titre-IV_chapitre-IV_s...
More references:
In the link https://smallbusiness.chron.com/capitalize-asset-income-stat... it says:
"Prepare a journal entry to capitalize the total costs you've calculated. Increase the general ledger asset account with a debit on the first line of the entry. On the second line, record the offsetting decrease in the general ledger cash account with a credit."
Another reference explaining the concept:
https://www.accountingcoach.com/blog/when-should-costs-be-ex...
An "offsetting entry" is normally translated as écriture de contrepartie. Take a look at how many hits it gets on Linguee:
https://www.linguee.fr/anglais-francais/traduction/offsettin...
In the source text at hand, they are referring to the company's expense capitalization policy. Expense capitalization refers to the recognition of expenses in the balance sheet as fixed assets that are depreciated or amortized over time, as they are not used up immediately. For example, if you buy a utility vehicle that has a useful life of 5 years and you paid $5,000 for it, then that $5,000 will be a capitalized expense (i.e., it will increase your capital) and the cost will be depreciated (reducing the capital) over the next five years. Once fully depreciated, the cost of the vehicle will be fully expensed.
Here's my attempt at translating your sentence:
In 2019, the Group changed its expense capitalization policy to the effect that going forward costs are recognized in the balance sheet as fixed assets without posting double offsetting entries in the relevant expense and asset accounts.
Just a note on my translation: The French have their own particular chart of accounts, including one specifically for "capitalized costs," but as far as I know, you would otherwise use the relevant asset account. See this link for more info: http://www.plancomptable.com/titre-IV/titre-IV_chapitre-IV_s...
More references:
In the link https://smallbusiness.chron.com/capitalize-asset-income-stat... it says:
"Prepare a journal entry to capitalize the total costs you've calculated. Increase the general ledger asset account with a debit on the first line of the entry. On the second line, record the offsetting decrease in the general ledger cash account with a credit."
Another reference explaining the concept:
https://www.accountingcoach.com/blog/when-should-costs-be-ex...
An "offsetting entry" is normally translated as écriture de contrepartie. Take a look at how many hits it gets on Linguee:
https://www.linguee.fr/anglais-francais/traduction/offsettin...
Peer comment(s):
| agree |
Daryo
1 day 5 hrs
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Thanks!
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| disagree |
Francois Boye
: La compta A partie double = Double entry bookkeeping
1 day 6 hrs
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M. François, il n'est pas de bon ton de contester la suggestion de quelqu'un d'autre lorsque vous avez posté la vôtre. En tout cas, votre commentaire n'a aucun sens. Lisez s.v.p. les informations contenues dans les liens que j'ai fournis.
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| agree |
Elisabeth Richard
: Exactly
2 days 12 hrs
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Thanks!
|
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
23 mins
dual counterparts
Hello
I simply see this as the same entry in the past which was registered under the dual items charges/production immobilisée.
But at the same time, I'm far from sure!
I simply see this as the same entry in the past which was registered under the dual items charges/production immobilisée.
But at the same time, I'm far from sure!
23 mins
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
150
double entry bookkeeping
Peer comment(s):
| agree |
Adrian MM.
: with a double-match entry of: https://eng.proz.com/kudoz/french-to-english/it-information-... html https://fr.wikipedia.org/wiki/Comptabilité_en_partie_double
25 mins
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Thanks!
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| neutral |
Elisabeth Richard
: The double entry system is mandatory. So double entry might work (it would actually be quadruple entry here I guess), but not "double entry bookkeeping".
1 hr
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The double entry is part of a system called bookkeeping or accounting
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| neutral |
philgoddard
: I agree with Elisabeth.
4 hrs
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The double entry is part of a system called bookkeeping or accounting
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| disagree |
Daryo
: you missed the point: the whole bookkeeping is based on the "double entry" system- the point here is that that type of operation was previously accounted through two "double entries" (credit/debit acc A/acc B then credit/debit acc B/acc C)
1 day 11 hrs
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You need to be trained in bookkeeping/accounting to practice double entry.y
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-1
5 hrs
Lisa Rosengard
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
experienced and well qualified linguist
Native in: English (Variant: UK)
Works in: Spanish to English, English, Spanish, and 3 more.
double compensation
Dictionary definition of 'contrepartie' is 'compensation'.
Example sentence:
The Group made its activation plan evolve from charges. The costs are from then on counted directly by consequence of mobilizations without going through the double compensation - immobilized production charges.
Le Groupe a fait évoluer sa politique d'activation des charges. Les coûts sont désormais comptabilisés directement au bilan en mobilisations sans passer par la double contrepartie, charges / production immobilisé
Peer comment(s):
| disagree |
Daryo
: ONE of SEVERAL possible meanings 'contrepartie' is 'compensation' - not the one that fits here
1 day 6 hrs
|
Discussion
What they mean here is that previously the accounting of "charges / coûts" was done through two accounting operations:
(1) debit acc A / credit acc B then (2) debit acc B / credit acc C
now they do:
debit acc A / credit acc C