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  2. Italian to English

competenza economica

English translation: accrual basis

15:45 Jul 12, 2001
Italian to English translations [PRO]
Bus/Financial
Italian term or phrase: competenza economica
....al fine di fornire una rappresentazione più coerente con il principio generale della "competenza economica". (financial report)
Cinzia Di Giantomasso
Local time: 01:21
English translation:accrual basis
Explanation:
'competenza' in Italian means 'expertise' or 'in relation to'.

Here it is used in the second meaning, where the financial results are presented on the balance sheet for the period on an accrual basis.

There is definitely no relation to 'competition'.
Selected response from:

gianfranco
Brazil
Local time: 20:21
Grading comment
Thank you
4 KudoZ points were awarded for this answer



Summary of answers provided
na +3accrual basis
gianfranco
na +1economic competence
Gabriela Tenenbaum (X)
nathe general principle of economic competition
Parrot


  

Answers


9 mins peer agreement (net): +1
economic competence


Explanation:
Just like that!

Best wishes #:)

Gabriela Tenenbaum (X)
Uruguay
Local time: 20:21
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 4

Peer comments on this answer (and responses from the answerer)
agree  b612
11 hrs
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17 mins
the general principle of economic competition


Explanation:
Careful, "competenza" is a false friend.


    Diafora
Parrot
Spain
Local time: 01:21
Native speaker of: English
PRO pts in pair: 43
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48 mins peer agreement (net): +3
accrual basis


Explanation:
'competenza' in Italian means 'expertise' or 'in relation to'.

Here it is used in the second meaning, where the financial results are presented on the balance sheet for the period on an accrual basis.

There is definitely no relation to 'competition'.


gianfranco
Brazil
Local time: 20:21
Native speaker of: Native in ItalianItalian
PRO pts in pair: 538
Grading comment
Thank you

Peer comments on this answer (and responses from the answerer)
agree  PML
agree  Peter Cox: Dead right!
5 hrs
agree  Heathcliff: Exactly. ("Competition" = "competizione" or "concorrenza.") But how do you get to "accrual"? :)
7 hrs
  -> experience in accountancy terminology + good old dictionaries
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