Glossary entry

English term or phrase:

from accounting for pension schemes as defined benefit schemes

Spanish translation:

la empresa está exceptuada de contabilizar los esquemas de pensión...

Added to glossary by Leonardo Lamarche
Jul 20, 2010 19:49
13 yrs ago
2 viewers *
English term

from accounting for pension schemes as defined benefit schemes

English to Spanish Other Accounting
More on financial statements,

Pensions
The Company participates in both funded defined contribution and funded defined benefit pension plans. Contributions to defined contribution plans are expensed as incurred. Contributions to the defined benefit plan operated by Cable and Wireless are determined by an independent actuary and provides benefits based on final pensionable pay. As permitted by FRS 17, the Company is exempt from accounting for pension schemes as defined benefit schemes since it is unable to identify its share of the underlying assets and liabilities from those of the other participating employers within the group. Therefore the Company has treated the pension schemes as if they were defined contribution schemes and has expensed contributions as incurred.
Change log

Jul 20, 2010 20:36: Trudy Peters changed "Language pair" from "Spanish to English" to "English to Spanish"

Jul 26, 2010 12:38: Leonardo Lamarche Created KOG entry

Discussion

Christine Walsh Jul 21, 2010:
Me alegro si fue así. A veces es cuestión de encontrarle la vuelta a una oración enrevesada.
jackiesan (asker) Jul 21, 2010:
Christine,
Tu sugerencia me ha ayudado mucho.

Gracias,
Christine Walsh Jul 20, 2010:
Por si ayuda: La empresa está exenta de dar cuenta de los planes de pensión como si fueran...

Proposed translations

+1
32 mins
Selected

la empresa está exceptuada de contabilizar los esquemas de pensión...

...como si fuesen esquemas de beneficios.
Así lo entiendo.
Peer comment(s):

agree amendozachisum : de acuerdo, agregando: considerándolos como esquemas de prestaciones
3 hrs
Muchas gracias amendoza.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Gracias por ayudarme. Jackiesan"
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search