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competenza economica e temporale

English translation: matching and accruals

19:27 Apr 28, 2007
Italian to English translations [PRO]
Bus/Financial - Accounting / financial statements
Italian term or phrase: competenza economica e temporale
Accruals and deferrals
"Sono iscritti sulla base del principio della competenza economica e temporale dei costi e dei proventi comuni a più esercizi."
are based upon the principles of cash accrual pro-tempore accounting derived from multiple business sources??
Here we go again guys... I am awake now and still cannot make sense out of this one..
Thanks for the help!!!(Any help is appreciated!!)
Rosanna Palermo
Local time: 05:21
English translation:matching and accruals
Explanation:
several of the previous proz answers are wrong

competenza economica is the "matching" principle

competenza temporale is the "accruals" principle

If you need sources, let me know

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Note added at 1 hr (2007-04-28 20:54:56 GMT)
--------------------------------------------------

Competenza temporale: i costi e i ricavi sono imputabili all’esercizio se sono maturati nel periodo, a prescindere dal fatto che nel corso dell’esercizio sia avvenuta la relativa manifestazione numeraria (incasso o pagamento).

Competenza economica: i costi si considerano di competenza se sono correlati ai ricavi dell’esercizio.

Following is an outdated list of the major accounting principles (from an old US accounting text), but it gives you the idea.

If you go here (http://www.accountingbase.com/AcctPrinciples1.html) you can read a very simplified but clear description of what the accruals and matching principles are and compare them with the Italian descriptions above.

--------------------------------------------------
Note added at 1 hr (2007-04-28 20:55:49 GMT)
--------------------------------------------------

The Principles

1. The Accrual principle
2. Historical cost principle
3. Consistency Principle
4. Prudence Principle
5. Materiality Principle
6. Matching Principle
7. Going Concern Concept
8. Conservative Principle
9. Separate Legal Entity Concept

--------------------------------------------------
Note added at 1 hr (2007-04-28 21:02:04 GMT)
--------------------------------------------------

And don't confuse the principio della competenza temporale and the principio della competenza economica with the principio della competenza finanziaria (quante competenze questi italiani!?) ;-)
Selected response from:

DCypher (X)
Local time: 11:21
Grading comment
Thanks to all for your help!!Paul's answer fits the context perfectly and the rest certainly helped me understand some of this
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3matching and accruals
DCypher (X)
4 +1the matching principle and the accrual accounting prinicple
TrueBaller
3accruals and time basis
Giovanni Pizzati (X)


Discussion entries: 1





  

Answers


13 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
matching and accruals


Explanation:
several of the previous proz answers are wrong

competenza economica is the "matching" principle

competenza temporale is the "accruals" principle

If you need sources, let me know

--------------------------------------------------
Note added at 1 hr (2007-04-28 20:54:56 GMT)
--------------------------------------------------

Competenza temporale: i costi e i ricavi sono imputabili all’esercizio se sono maturati nel periodo, a prescindere dal fatto che nel corso dell’esercizio sia avvenuta la relativa manifestazione numeraria (incasso o pagamento).

Competenza economica: i costi si considerano di competenza se sono correlati ai ricavi dell’esercizio.

Following is an outdated list of the major accounting principles (from an old US accounting text), but it gives you the idea.

If you go here (http://www.accountingbase.com/AcctPrinciples1.html) you can read a very simplified but clear description of what the accruals and matching principles are and compare them with the Italian descriptions above.

--------------------------------------------------
Note added at 1 hr (2007-04-28 20:55:49 GMT)
--------------------------------------------------

The Principles

1. The Accrual principle
2. Historical cost principle
3. Consistency Principle
4. Prudence Principle
5. Materiality Principle
6. Matching Principle
7. Going Concern Concept
8. Conservative Principle
9. Separate Legal Entity Concept

--------------------------------------------------
Note added at 1 hr (2007-04-28 21:02:04 GMT)
--------------------------------------------------

And don't confuse the principio della competenza temporale and the principio della competenza economica with the principio della competenza finanziaria (quante competenze questi italiani!?) ;-)

DCypher (X)
Local time: 11:21
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 246
Grading comment
Thanks to all for your help!!Paul's answer fits the context perfectly and the rest certainly helped me understand some of this

Peer comments on this answer (and responses from the answerer)
neutral  Giovanni Pizzati (X): competenza economica significa costi e ricavi attribuibili ad un esercizio in contrapposizione al principio di cassa. Temporale= riferito al periodo di tempo cui si riferiscono dette voci di C/Economico. Secondo il gergo ragioneristico italiano.
51 mins
agree  Armando Tavano
1 hr
agree  James (Jim) Davis
5 hrs
agree  Ivana UK
13 hrs
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59 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
accruals and time basis


Explanation:
iate

--------------------------------------------------
Note added at 1 ora (2007-04-28 21:08:48 GMT)
--------------------------------------------------

Paul, non parliamo la stessa lingua, ma diciamo le stesse cose-
E' come tu dici, principio di competenza economica= rapportare i costi ai propri ricavi e viceversa. Principio di competenza temporale= attribuire i costi e i ricavi all'esercizio (periodo) di competenza, mediante lo splittaggio in Ratei e Risconti.

Giovanni Pizzati (X)
Italy
Local time: 11:21
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 108

Peer comments on this answer (and responses from the answerer)
neutral  DCypher (X): Secondo il gergo "ragioneristico" internazionale si tratta di matching (vedi la spiegazione di competenza economica). Competenza temporale is a much broader concept than ratei e risconti.
1 hr
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
the matching principle and the accrual accounting prinicple


Explanation:
Reference:
http://www.sapere.it/SearchWeb/results.jsp?q=competenza econ...

TrueBaller
Local time: 05:21
Native speaker of: Native in AlbanianAlbanian
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  James (Jim) Davis
1 hr
  -> Many thanks, Jim!
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