English translation of "rigiro a conto economico" - "transfer/reversal to the income statement/profit and loss account"

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170 months ago

Clive Prestt (a guest user) asked this question:

Language pair:	Italian > English
Subject:	Business / Marketing / Financial
Level of diffculty:	Difficult / demanding
Word or term in question:	rigiro a conto economico
Context:	Accounting of a bank
Keywords:	Accounting term to do with comprehensive income statement

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Complete list of answers and comments

170 months ago

JIGGSLAW- Coordinator of the Linguist-Lawyers Network wrote:

Reversal through the income statement

My references:

Reverse income statement: http://www.seizingthewhitespace.com/glossary/reverse-income-statement

"Impairment losses for debt instruments classified as available-for-sale may be reversed through the income statement if the fair value of the instrument increases in a subsequent period and the increase can be objectively related to an event occurring after the impairment loss was recognized." http://www.ey.com/US/en/Services/Assurance/Accounting-and-Financial-Reporting/US-GAAP-vs--IFRS--the-basics--March-2010---Financial-instruments

170 months ago

JIGGSLAW- Coordinator of the Linguist-Lawyers Network wrote:

transfer/reversal to the income statement/profit and loss account

My comment:

Conto economico is called profit and loss statement (i.e. P&L) in British English and income statement in American English, so choose what suits your text best based on your target reader.

Rigiro is a transfer or reversal. It means that (part of) an item in the balance sheet is transfered/reversed into the P&L.

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