Riclassifica effetto economico
English translation: Reclassification out of profit or loss
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| 09:36 Jun 24, 2015 |
| Italian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: James (Jim) Davis Seychelles Local time: 08:05 | ||||||
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| 4 +1 | Accounts reclassified to account for IAS |
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| 5 | Reclassification out of profit or loss |
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Answers
47 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1Accounts reclassified to account for IAS Explanation: It would seem to mean the effect of adjustments/reclassification made to annual statements to account for the application of various IAS - in this case IAS 19, I understand. Does that make sense?! Reference: http://www.iasplus.com/en-gb/standards/ias/ias19 Reference: http://www.bdointernational.com/Services/Audit/IFRS/IFRS%20a... |
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1 day 19 mins confidence:
Reclassification out of profit or loss Explanation: Hi Pauley, The income statement in Italian is the "conto economico" so often the adjective means to do with the income statement. Under IAS/IFRS when something is put in income statement rather than the balance sheet the term used is "through profit or loss". It seems fairly clear that they have changed their accounting methods for items dealt with by IAS 19 (employee benefits). This can happen for various reasons. As a result they have had to reclassify IAS 19 items. Since they use the term “effetto economico” they must have reclassified out of profit or loss into equity, otherwise they would have said something like “rigiro al conto economico”. In the translation I would put "IAS 19" in brackets. https://www.google.com/search?source=ig&hl=en&rlz=&=&q="... https://www.google.com/search?source=ig&hl=en&rlz=&=&q="... https://www.google.com/search?source=ig&hl=en&rlz=&=&q="... ... |
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