Glossary entry (derived from question below)
German term or phrase:
Finanz- und Betriebsbuchhaltung
English translation:
Financial and internal cost accounting/Financial and management accounting
Added to glossary by
Sebastian Witte
Apr 6, 2019 09:44
5 yrs ago
4 viewers *
German term
Germany
Responsive with well-rounded knowledge
Native in: German (Variant: Germany) 
Works in: English to German, German to English, Spanish to German, and 5 more.
Finanz- und Betriebsbuchhaltung
German to English
Bus/Financial
Accounting
Internes und externes Rechnungswesen des Unternehmens?
Dear all,
I can see that Linguee has various more or less relevant translations of this term.
I am, however, looking for:
- a linguistically somewhat catchy pair of two terms linked by "and" nicely forming one expression as this is for the Swiss, where "good" is not enough
- a technically more accurate translation than what EUR-LEX can do for well-informed or expert users of English accounting materials. This does not mean I wouldn't consider its translations like "financial and management accounting", I just would like to receive feedback from people who usually know more about accounting in the German-speaking countries and about IFRS English (there are no governing accounting regulations here as this is from a Swiss judgment in a main trademark case but still ...) than QA people at EUR-LEX do
- an alternative to clumsy, possibly even near-translatorse like "operational accounting" for the second component of the expression concerned
I am looking into the following draft translations, but am obviously not restricted to using any of them:
Financial and cost accounting
Financial and management accounting
External and internal corporate accounting
Context: wording is confidential. But it basically says there that the Court is ordering the party concerned in the trademark case to render accounts in line with generally accepted accounting principles, based on that party's ***Finanz- und Betriebsbuchhaltung***, on the cost (well, "Umsätze", actually, but the cost billed is basically the gist of that) billed for any maintenance and repair services provided in Switzerland in regard to the goods designated with the trademark at issue.
Cheers,
Sebastian Witte
I can see that Linguee has various more or less relevant translations of this term.
I am, however, looking for:
- a linguistically somewhat catchy pair of two terms linked by "and" nicely forming one expression as this is for the Swiss, where "good" is not enough
- a technically more accurate translation than what EUR-LEX can do for well-informed or expert users of English accounting materials. This does not mean I wouldn't consider its translations like "financial and management accounting", I just would like to receive feedback from people who usually know more about accounting in the German-speaking countries and about IFRS English (there are no governing accounting regulations here as this is from a Swiss judgment in a main trademark case but still ...) than QA people at EUR-LEX do
- an alternative to clumsy, possibly even near-translatorse like "operational accounting" for the second component of the expression concerned
I am looking into the following draft translations, but am obviously not restricted to using any of them:
Financial and cost accounting
Financial and management accounting
External and internal corporate accounting
Context: wording is confidential. But it basically says there that the Court is ordering the party concerned in the trademark case to render accounts in line with generally accepted accounting principles, based on that party's ***Finanz- und Betriebsbuchhaltung***, on the cost (well, "Umsätze", actually, but the cost billed is basically the gist of that) billed for any maintenance and repair services provided in Switzerland in regard to the goods designated with the trademark at issue.
Cheers,
Sebastian Witte
Proposed translations
(English)
| 4 +1 | (CH) Financial and (Internal) Cost Accounting |
Adrian MM.
|
| 5 +1 | financial and management accounting |
Jeff Barter
|
Proposed translations
+1
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
25
Selected
(CH) Financial and (Internal) Cost Accounting
Typing goes haywire. So I can't post any explanation.
The 'account of profit(s)' to be rendered in an English law claim for the legal and equitable 'relief sought' would not specify the type of book-keeping or accounting rules.
Betriebsbuchhaltung > 'shop accounting' (Robert Herbst's CH FR/DE/EN dictionary of finance and law), ha, ha!
The 'account of profit(s)' to be rendered in an English law claim for the legal and equitable 'relief sought' would not specify the type of book-keeping or accounting rules.
Betriebsbuchhaltung > 'shop accounting' (Robert Herbst's CH FR/DE/EN dictionary of finance and law), ha, ha!
Example sentence:
Das Ressort Betriebsbuchhaltung erbringt Finanz-Dienstleistungen im strategischen Bereich zugunsten des ganzen Amtes, insbesondere aber der Führung. swisstopo.admin.ch The Internal cost-accounting provides financial services in strategic areas
The payment of actual damages can range from a court judgment to expenses incurred in hiring a *forensic accountant* to evaluate the plaintiff and defendant's financial records.
Note from asker:
| Thanks, guys. |
Peer comment(s):
| agree |
philgoddard
: Or management acounting.
2 hrs
|
|
Thanks, but possibly management accounting obscures the issue.
|
4 KudoZ points awarded for this answer.
Comment: "Adding internal is a good idea. Gabler link was helpful. I don't really understand Jeff's explanation in that I do not think it's very plausible or the most logical explanation ever provided, in particular compared to how your Gabler encyclopedia entry defines Betriebsbuchhaltung. His translation should be correct, though."
+1
20 hrs
financial and management accounting
Financial accounting is classical bookkeeping
Management accounting covers all aspects of financial mamgement relating to commerce, business and industry
I should know as I am a chartered management accountant (ACMA)
--------------------------------------------------
Note added at 20 hrs (2019-04-07 06:08:03 GMT)
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see my expalanation above
Management accounting covers all aspects of financial mamgement relating to commerce, business and industry
I should know as I am a chartered management accountant (ACMA)
--------------------------------------------------
Note added at 20 hrs (2019-04-07 06:08:03 GMT)
--------------------------------------------------
see my expalanation above
Note from asker:
| Thank you. |
Peer comment(s):
| agree |
Sanni Kruger (X)
: that was my first thought
4 hrs
|
Discussion
https://medium.com/trust-works/differences-between-cost-acco...
Some of the other differences between financial accounting and cost accounting include:
Financial accountants generally report their findings to both internal parties (managers and executives) and external parties (stockholders, IRS) whilst cost accountants only report their findings internally.
Financial accounting is primarily a reporting and controlling business function whilst cost accounting is a function aimed at making the business more efficient through driving change.
Cost accounting is normally used to help the business make tactical decisions to improve business processes whilst financial accounting helps the business to understand its overall financial performance.
Financial accounting provides standard reports, normally in a predefined format that can be used by many different areas to understand the financial responsibilities of the business. Reports from cost accounting are normally designed to provide information in very specific areas and to allow managers and executives to make decisions as a result.
Cost accountants need to understand the details of business processes including inputs, outputs and resources. ...