interim assessment / interim balance sheet
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interim assessment
A preliminary assessment or conclusion about the progress so far of a project, development, or period of time.
Nach der Hälfte des Projekts zogen wir eine erste Zwischenbilanz, um den Fortschritt zu bewerten.
Halfway through the project, we made an initial interim assessment to evaluate the progress.
The word is made up of 'zwischen' (between / interim) and 'Bilanz' (balance sheet / assessment). So it literally describes a balance sheet or assessment made 'zwischendurch' (in between), that is, before the final conclusion.
Lassen Sie uns eine kurze Zwischenbilanz ziehen, bevor wir mit dem nächsten Thema weitermachen.
Let's make a brief interim assessment before we move on to the next topic.
In general usage, the fixed expression 'eine Zwischenbilanz ziehen' (to make an interim assessment) is often used. It means to evaluate how something has gone so far.
Nach sechs Monaten im neuen Job zog sie eine erste persönliche Zwischenbilanz.
After six months in her new job, she made an initial personal interim assessment.
You can recognize the financial meaning from business-related words such as 'Unternehmen' (company), 'Konzern' (corporation), 'Quartal' (quarter), or 'Geschäftsjahr' (fiscal year). In this context, it is an official report.
Das Unternehmen musste aufgrund unerwarteter Verluste eine negative Zwischenbilanz vorlegen.
Due to unexpected losses, the company had to present a negative interim balance sheet.
In a financial context, an interim balance sheet is often 'veröffentlicht' (published), 'vorgelegt' (presented), or 'erstellt' (prepared). These verbs emphasize the official character of the report.
Der Vorstand wird die Zwischenbilanz auf der nächsten Hauptversammlung veröffentlichen.
The board will publish the interim balance sheet at the next annual general meeting.
conclusion
'das Fazit' and 'die Zwischenbilanz' are both assessments or conclusions drawn from information. 'Fazit' is usually used at the end of a discussion, text, or reflection: you say what is important in the end. 'Zwischenbilanz' is used when something is still ongoing and you are only assessing the current state so far. Learners may confuse the words because both provide a summary. The simple difference is: the 'Fazit' comes at the end; the 'Zwischenbilanz' comes along the way.
Nach drei Monaten Projektarbeit präsentierte Maria eine vorsichtige Zwischenbilanz.
After three months of project work, Maria presented a cautious interim assessment.
Am Ende der Besprechung zog das Team ein klares Fazit.
At the end of the meeting, the team drew a clear conclusion.