Jul 13, 2007 07:59
16 yrs ago
64 viewers *
Italian term

Conto economico

Italian to English Other Economics business/economics
Il conto economico di un'azienda
Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): DCypher (X)

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Discussion

TIL Ltd (X) (asker) Jul 13, 2007:
sorry:D I did not know about 24 hr rule !!Thanks Peter, next tiem I'll be more careful
Peter Cox Jul 13, 2007:
You didn't respect the Kudoz 24 hr rule. P & L OK strictly for the UK, therwise I agree with Grey

Proposed translations

+1
4 mins
Selected

profit and loss account

according to my dictionary and also

http://www.proz.com/kudoz/1303260
Peer comment(s):

agree James (Jim) Davis
27 mins
Thanks again, James
neutral Grey Drane (X) : a bit outdated and UK-specific. "Income statement" is the more universally accepted version now with the adoption of the IFRSs in Europe.
1 hr
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4 KudoZ points awarded for this answer. Comment: "Thanks!! avevo un vuot ototale :D "
+5
32 mins

income statement

The standard term used in the US is income statement or even the higher falutin' "Statement of income". With the introduction of international accounting standards, this is also becoming common everywhere. However the lovely old "P&L" "Profit and loss account", which Lindsay gave is perfectly correct in UK and Commonwealth and I imagine most US accountants will understand it immediately without a second thought.

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Note added at 3 hrs (2007-07-13 11:22:24 GMT) Post-grading
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Thanks Grey. I visited the US (NJ) for the first time last year. Seems exactly like England, except a few little things are different, like being in parallel dimension or something, really weird.
Peer comment(s):

agree Grey Drane (X) : Given the IAS "thing", I'd definitely go with this over P&L account, which is fine enough (and understandable enough), too, but outdated.
32 mins
Hi Drane. I think you're right if its is anything written. But tell me am I right in thinking that most US accountants would understand Profit and Loss Account with no probs?
agree Richard Hall : yes, definitely
1 hr
agree Peter Cox
3 hrs
agree Giovanni Pizzati (X)
3 hrs
agree Jean Martin
5 hrs
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4 hrs

Profit and Loss Account

I am absolutley positive that this is the correct term to be used
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