German term
Abgrenzungswahlrechte
While I understand what is meant, I am not sure how to express it. I hope the context will be of some help.
Many thanks
Caitriona
4 +6 | classification options | RobinB |
3 | Apportionment elections | Adrian MM. (X) |
Feb 25, 2013 11:05: Steffen Walter changed "Field (specific)" from "Business/Commerce (general)" to "Accounting"
Proposed translations
classification options
What it means of course is that there are options as to which activity or activities items can be reported in. For example, some investing activities can be reported in cash flows from operating activities, rather than (just) in investing activities.
You're probably going to end up using "classify/classification" in two consecutive sentences for two different German terms ("gliedern" and "Abgrenzungswahlrechte"), but I really don't think that matters.
Apportionment elections
The controlled group may elect to apportion their additional taxes liability under the FIFO method, rather than the proportionate method. www.irs.gov/instructions/i1120so/ch02.html
neutral |
philgoddard
: I don't disagree with this, but I think it's just a different way of saying "classification options".
54 mins
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As you know, there is a difference been (BrE) apportionment/(AmE) allocation of cashflow etc. streams, income & expenditure and classification of entries.
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neutral |
RobinB
: First, this is accounting, not tax. Second, accountants don't talk about "apportionment elections" in any GAAP. Third, "apportionment" is about allocating costs/income to entities. Finally, "allocation" is perfectly standard usage in the UK as well!
3 hrs
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My UK accountant talks about apportionment - never allocation - between business and holiday expenses or accounting periods. But my alternative is another token gesture so the asker has some kind of choice.
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neutral |
Lancashireman
: I must confess, I am torn between classification elections and apportionment options.
6 hrs
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Well, you need not make an election, as the asker has probably gone for the other answer anyway.
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