Glossary entry (derived from question below)
Polish term or phrase:
zakończenie finansowe realizacji projektu
English translation:
financial closure
Added to glossary by
Jahny
Jun 19, 2015 04:34
8 yrs ago
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Polish term
zakończenie finansowe realizacji projektu
Polish to English
Bus/Financial
Business/Commerce (general)
Zakończenie finansowe realizacji projektu
Przez zakończenie finansowe realizacji projektu należy rozumieć datę zrealizowania pełnego zakresu finansowego projektu, co oznacza zrealizowanie przez beneficjenta wszystkich płatności w ramach projektu, tj. poniesienie wszystkich wydatków i pozyskanie dokumentów stanowiących podstawę uznania wydatków za kwalifikujące się do objęcia wsparciem w ramach projektu
Przez zakończenie finansowe realizacji projektu należy rozumieć datę zrealizowania pełnego zakresu finansowego projektu, co oznacza zrealizowanie przez beneficjenta wszystkich płatności w ramach projektu, tj. poniesienie wszystkich wydatków i pozyskanie dokumentów stanowiących podstawę uznania wydatków za kwalifikujące się do objęcia wsparciem w ramach projektu
Proposed translations
(English)
| 3 +2 | financial closure |
Karol Kawczyński
|
Proposed translations
+2
2 hrs
Karol Kawczyński
Poland
Poland
Native in Polish
Specializes in field
Poland
Expertise in law, finance and accounting
Native in: Polish 
Works in: English to Polish, Polish to English
Related KudoZ points
:
77
Selected
financial closure
https://ocio.wa.gov/pmframework/closure/financial
Definition
Financial closure is the process of completing all project-related financial transactions, finalizing and closing the project financial accounts, disposing of project assets and releasing the work site.
Why is this important?
Financial closure is a prerequisite to project closure and the Post Implementation Review (PIR). A project cannot be closed until all financial transactions are complete, otherwise there may not be funds or authority to pay outstanding invoices and charges. Financial closure establishes final project costs for comparison against budgeted costs as part of the PIR. Financial closure also ensures that there is a proper disposition of all project assets including the work site.
Definition
Financial closure is the process of completing all project-related financial transactions, finalizing and closing the project financial accounts, disposing of project assets and releasing the work site.
Why is this important?
Financial closure is a prerequisite to project closure and the Post Implementation Review (PIR). A project cannot be closed until all financial transactions are complete, otherwise there may not be funds or authority to pay outstanding invoices and charges. Financial closure establishes final project costs for comparison against budgeted costs as part of the PIR. Financial closure also ensures that there is a proper disposition of all project assets including the work site.
4 KudoZ points awarded for this answer.
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