Glossary entry (derived from question below)
Italian term or phrase:
proventizzazione
English translation:
release of provisions, reversal to income, conversion of reserve to income
Added to glossary by
suewiddicombe
Apr 13, 2012 06:58
12 yrs ago
13 viewers *
Italian term
United Kingdom
Translations Italian / French to English
Native in: English
Works in: French to English, Italian to English
proventizzazione
Italian to English
Bus/Financial
Accounting
balance sheet & income st
"Proventizzazione fondo ristrutturazione" in a table in an income statement. I have found "use of provisions" in the ProZ glossary but since this entry is in a table of "income" (proventi), I would have thought that the use of restructuring provisions would be in a table of charges. Am I confused? Yes. Any help welcome. Thanks
Sue
Sue
Proposed translations
(English)
| 4 | release of provisions |
Dominic Currie
|
| 4 | income recognition |
Ann Pollak
|
| 4 | reversed to income |
CristianaC
|
References
| see also |
Giovanni Pizzati (X)
|
Proposed translations
55 mins
Selected
release of provisions
This is the translation I've usually seen used.
Essentially provisions made that are no longer applicable are released back as income to the income statement where they were originally taken from.
Essentially provisions made that are no longer applicable are released back as income to the income statement where they were originally taken from.
4 KudoZ points awarded for this answer.
Comment: "Thanks, Dominic, and thanks to others too - all answers converge and sound plausible."
25 mins
Ann Pollak
Italy
Italy
Native in English
Specializes in field
Italy
Specialista in Economia, Finanza, Legge
Native in: English (Variants: Irish, US, Australian, US South, Canadian, New Zealand, Scottish, British, UK)
Works in: Italian to English, French to English
Related KudoZ points
:
48
income recognition
Income recognition of restructuring reserve
Conversion to income of restructuring reserve
It is some sort of reversal to profit and loss of a reserve that was set up for restructuring.
Conversion to income of restructuring reserve
It is some sort of reversal to profit and loss of a reserve that was set up for restructuring.
55 mins
CristianaC
United Kingdom
United Kingdom
Native in Italian
&
English
Specializes in field
United Kingdom
Finance-legal specialist- Ivy League MBA
Native in: Italian 
, English
Works in: English to Italian, Italian to English, French to Italian, and 2 more.
Related KudoZ points
:
197
reversed to income
it definitely refers to a reversal/use of a provision which is recognised as income
this is a suggestion for a shor title in a table
restructuring provision reversed to income
this is a suggestion for a shor title in a table
restructuring provision reversed to income
Reference comments
2 hrs
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