KudoZ home » Italian to English » Finance (general)

insussistenza dell'attivo

English translation: prior year loss

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Italian term or phrase:	insussistenza dell\'attivo
English translation:	prior year loss
Entered by:	volgil

Options:
- Contribute to this entry
- Include in personal glossary

16:08 Dec 21, 2011

Italian to English translations [PRO]
Finance (general)

Italian term or phrase: insussistenza dell'attivo

Hello,
does this translate as 'inexistent assets'?
Thanks in advance
a causa delle perdite registrate nella fase di avvia dell'attivita e di un'insussistenza dell' attivo
due to losses registered during the start up phase of the activity and XXX

volgil KudoZ activity Questions: 88 (1 open) (7 without valid answers) (1 closed without grading) Answers: 0
Local time: 12:02

prior year loss

Explanation:
This is the technical term for when you expected to earn income in one year, but then the following year you discover that you didn't earn it, for example if invoices recorded in one year are found not to be paid in the next.
An insussistenza attiva is offsetting entry for a sopravvenienza passiva.

--------------------------------------------------
Note added at 18 mins (2011-12-21 16:26:56 GMT)
--------------------------------------------------

BTW the term "prior year loss" is also used in the simpler sense of losses actually recognised in previous years which are carried forward for tax purposes.