On 25 November 2011 I attended the seminar “IFRS Financial Reports” in Cologne, Germany. It was a day-long CPD activity for practising translators, interpreters and terminologists, organised by the German Terminology Association (DTT).
The presenter, Jochen Treuz, introduced us to the International Financial Reporting Standards (IFRS) and its German counterpart, Deutsche Rechnungslegungsstandards (DRS): reports’ structure, key specialised terms, term history – frequently referring to the corresponding English terminology.
I registered for the seminar because I wanted to have an overview of IFRS language. After all, the standards are required for many publicly listed companies worldwide, and I wanted to be prepared for possible financial translation projects in this area. Also, at the time I was still a member of DTT and the event was a good opportunity to stay in touch with fellow members.
Event details
| Type of event | one-day seminar held in German |
| Title | “IFRS/DRS financial reports. An introduction for translators and terminologists” |
| Event organiser | German Federal Association of Translators and Interpreters, North Rhine-Westphalia chapter |
| Facilitators / Presenters | Jochen Treuz |
| Date | Friday, 25 November 2011, 9 a.m. – 5:30 p.m. |
| Place | Best Western Hotel, Cologne, Germany |
| Main topics | • Corporate goals, accounting and IAS (International Accounting Standards) / IFRS (International Financial Reporting Standards) • The basis for the International Financial Reporting Standards • Differences in relation to the German Commercial Code • Elements of an IFRS-based annual report • Structure of a balance sheet – overview of individual accounting items • Structure of a German income statement • Concepts of profit according to the IFRS • Cash flow statement • Statement of stockholders’ equity • Current developments in the area of financial reports |
