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bilancio (consolidato) - clarification

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11:37 Mar 31, 2007
This question was closed without grading. Reason: Other

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?

Thank you in advance!
Melissa Stanfield
Local time: 15:44

Summary of answers provided
4consolidated financial statements
Deborah Cornwell-Kelly

Discussion entries: 7



1 day 22 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
consolidated financial statements

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
Local time: 06:44
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PRO pts in category: 4
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