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11:37 Mar 31, 2007
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Italian to English translations [PRO] Law/Patents - Finance (general) / Accounting Manual
Italian term or phrase:bilancio (consolidato) - clarification
Apologies if this is a silly question... the term has already been discussed, but I would love some clarification regarding the previous answer if anyone can help!
In answer http://www.proz.com/kudoz/820061, it is stated that bilancio/balance sheet are false friends, whereas the oxford/paravia dictionary gives balance sheet as a translation for bilancio - http://www.oxfordparavia.it/lemmaIta3852. The term appears many times in my current project (a group accounting manual), so I'm wondering if anyone can shed some light on this? I tend to agree with the 'financial statement' translation but am wondering why it appears in the dictionary as a balance sheet if there is such a difference?
I agree with Grey and Paul Melissa. I have an expensive highly renowned Codeluppi dictionary which gives bilancio for balance sheet in the English section, which is just plain wrong. It can sometimes be translated as Annual/half year/quarterly report.
The online Oxford Paravia only provides very basic definitions for each term - try the new IATE website, which provides the correct definition of "bilancio consolidato" and various options for the translation of "bilancio" in different contexts -
bilancio in a more limited context or compound form could be translated differently - such as bilancio di verifica/trial balance or bilanci preventivo/budget or fuori bilancio/off balance sheet. But typically the expression refers to the full accounts.
Automatic update in 00:
1 day 22 hrs confidence:
consolidated financial statements
Explanation: Financial statements (bilancio d'esercizio) are made up of the balance sheet (stato patrimoniale), profit and loss account (conto economico) and the director's report (relazione sulla gestione) - "bilancio" can also be a separate balance sheet or budget, but is not part of the yearly FS.
Deborah Cornwell-Kelly Italy Local time: 06:44 Meets criteria Specializes in field Native speaker of: English PRO pts in category: 4