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inc in depn; inc in prov

English translation: depn -> (accounting term) -> Depreciation, Prov -> (accounting term) -> Provisioning

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:inc in depn; inc in prov
Selected answer:depn -> (accounting term) -> Depreciation, Prov -> (accounting term) -> Provisioning
Entered by: Craft.Content

15:43 Jul 10, 2004
English language (monolingual) [PRO]
Accounting
English term or phrase: inc in depn; inc in prov
Sorry, again with my OVERVIEW ACCOUNT LIST OF TERMS

Anybody is familiar with these two abbreviations (inc in depn + inc in prov), appearing in this list apparently taken from a balance sheet ?

Inc in Depn - Land Improvements
Inc in Depn - Non - Oper Buildings
Inc in Depn - Plant Oper Buildings
Inc in Depn - P & M Transport
Inc in Depn - P & M , Equip Leasehold
Inc in Depn - Fix & Fitt
Inc in Depn - Fix & Fitt Leasehold
Inc in Depn - Motor Vehicles
Inc in Depn - Office & Comp Equip
Inc in Depn - Concessions, patents
Inc in Depn - Intang A Goodwill
Inc in Depn - Intang A Software
Inc in Depn - Intang A Others
Inc in Depn - Mining Reserves
Inc in Depn - Capitalised O/burden
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Depn -
Inc in Prov - Bad debts
Inc in Prov - other
Inc in Prov - Site reconstitution
Inc in Prov - Major repairs
Inc in Prov - Inventory
Inc in Prov - Pensions
Inc in Prov - Project credit cards
Inc in Prov - Financial Provision
Inc in Reg Prov - Depreciation (Fiscal)
Marco Oberto
Italy
Local time: 12:40
Increase in depreciation ; increase in provisioning
Explanation:
Inc in depn -> Increase in depreciation
Inc in prov -> Increase in provisioning

Hth.


--------------------------------------------------
Note added at 6 mins (2004-07-10 15:49:33 GMT)
--------------------------------------------------

Inc in Reg prov -> increase in regulatory provisioning (depreciation for the fiscal year). This increase is granted / provided by the tenets of law.
Selected response from:

Craft.Content
Local time: 16:10
Grading comment
Thank you Sanjay
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5 +5Increase in depreciation ; increase in provisioning
Craft.Content
3 +1included in depreciation, included in provisioning
judith ryan
2increase in depreciation; increase in provisions
Melanie Nassar


Discussion entries: 1





  

Answers


4 mins   confidence: Answerer confidence 5/5 peer agreement (net): +5
Increase in depreciation ; increase in provisioning


Explanation:
Inc in depn -> Increase in depreciation
Inc in prov -> Increase in provisioning

Hth.


--------------------------------------------------
Note added at 6 mins (2004-07-10 15:49:33 GMT)
--------------------------------------------------

Inc in Reg prov -> increase in regulatory provisioning (depreciation for the fiscal year). This increase is granted / provided by the tenets of law.


Craft.Content
Local time: 16:10
Specializes in field
Native speaker of: Native in HindiHindi
PRO pts in category: 8
Grading comment
Thank you Sanjay

Peer comments on this answer (and responses from the answerer)
agree  Vicky Papaprodromou: Actually 500km north of Athens.Thessaloniki is the capital of Northern Greece and second city in the country and,in fact,the Games will start here by the end of the month with Olympic soccer.http://www.greekhotel.com/mainland/thessaloniki/home.htm
1 min
  -> Thanks Vicky. How far are you located from the scenes of action ? :-)
agree  Elena Petelos
2 hrs
  -> Cheers Elena :-)
agree  Eva Karpouzi
8 hrs
  -> Cheers Eva :-)
agree  Ramesh Madhavan
16 hrs
  -> Thanks Ramesh :-)
agree  Alfa Trans (X)
1 day 21 hrs
  -> Cheers, Marju :-)
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10 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
increase in depreciation; increase in provisions


Explanation:
I'm not too sure about provisions / provisioning, fairly certain about the depreciation.

Melanie Nassar
United States
Local time: 13:40
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
neutral  Craft.Content: Hello Armaat, one has to provide for both future liabilities, as well as inward (expected/estimated) future remittances
3 mins
  -> To tell you the truth, I have no experience in accounting, and no idea what you are talking about (especially in relationship to my answer), but thanks for trying to make it make sense to me.
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1 day 5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
included in depreciation, included in provisioning


Explanation:
I am certain about depreciation and provisions, however inc could be included or increased - suggest you contact your client directly or find other balance statements prepared by the same auditors

judith ryan
Brazil
Local time: 07:40
Works in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese

Peer comments on this answer (and responses from the answerer)
agree  Craft.Content: Yes, you have a point there.
8 hrs
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