17:20 Mar 7, 2020
Hi Steve, I just wanted to explain why I think "cut-off date" doesn't cut it. If, say in an audit report, there is exactly this phrase the asker has quoted, then that would mean that the treatment of (at least some) operational expenses (not costs, the terminology simply doesnt support that choice) with respect to their allocation between financial years is either questionable or uncertain. That's what it would mean. But the "Abgrenzung" has - at least - two dimensions: the date (I give you your cut-off date) AND the amount. It follows that "cut-off date" doesnt cut it because it omits the amount of the operating expenses that are to be "deferred". I hope that explains it a bit better. There may even be more dimensions to "Abgrenzung", such as allocation between subsidiaries, etc. The Abgrenzung is a multi-dimensional concept that can include the date, the amount, the entity, the currency, the governing law, what have you.... Best, Dan |