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Glossary entry

Italian term or phrase:

chiusura contabile annuale

English translation:

annual closing

Added to glossary by Maria Luisa Dell'Orto
Jun 15, 2008 09:56
16 yrs ago
20 viewers *
Italian term

chiusura contabile annuale

Italian to English Bus/Financial Finance (general)
In a balance sheet there are two items listes as

- chiusura annuale contabile
- chiusura annuale contab (the full word is not given so I'm presuming that it is contabile)

Is there any difference? Thanks!
Proposed translations (English)
4 +2 annual closing
5 end of financial year
4 yearly accounting closing
4 Accounting year end
3 end of year balance
Change log

Jun 19, 2008 07:11: Maria Luisa Dell'Orto Created KOG entry

Discussion

Alessandra Del Basso Jun 16, 2008:
it is a software used by accountants all over the world please see the MYOB website which produces balance sheets with lists in which you find expenses itemized - my second website ATO(Australian Taxation Depart. is the equivalent of the Imposte Dirett
James (Jim) Davis Jun 16, 2008:
Vanita sent me a message to say this is bookkeeping software and not a balance sheet caption, so Maria's answer is probably best.
James (Jim) Davis Jun 15, 2008:
Correction, "so this would not normally be a caption".
James (Jim) Davis Jun 15, 2008:
Are you sure it is a balance sheet? In an annual report every single item in the balance sheet is "chiusura annuale contabile" in any case, so this would normally be a caption.
James (Jim) Davis Jun 15, 2008:
Have you got the items above this in the list Vanita?

Proposed translations

+2
16 mins
Selected

annual closing

I agree with you, I think contab stands for "contabile.

Annual closing is performed after all accounting periods in the year have been closed (including the year-end adjustment period if your installation uses one). Since it is typical for books to remain open for some time into a new fiscal year, MARS allows processing for the new year to occur while the previous year is still open. MARS also allows individual accounting periods in the new year to be closed out and reported on before the previous year is closed. The only time limitation on running annual closing is that a year must be closed out before the next year ends.


http://www.state.ky.us/agencies/adm/mars/advantage/users/Mug...

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Note added at 3 giorni21 ore (2008-06-19 07:11:11 GMT) Post-grading
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Thank you!
Note from asker:
Actually The two terms are chiusura annuale contab and chiusura contabile annuale. That's why I'm confused. Sorry I wrote the wrong term in my query. Thanks!
Peer comment(s):
agree James (Jim) Davis : For software
17 hrs
Thanks Jim, as a matter of fact I was thinking it was a software (usually items are stated in this way)
agree Valeria Lattanzi
1 day 5 hrs
Grazie Valeria!
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4 KudoZ points awarded for this answer. Comment: "Thanks!"
1 hr

yearly accounting closing

Something went wrong...
1 hr

Accounting year end

buon lavoro, PC
Something went wrong...
2 hrs

end of year balance

This could be another idea - especially if it's in a list of figures...
Something went wrong...
37 mins

end of financial year

end of financial year usually 12 months, in Italy is the solar year January to December in Australia is July to June the year after. It summarizes all financial activities for individuals and businesses and taxes are either paid or returned in accordance with payments made during the financial year.

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Note added at 1 hr (2008-06-15 11:52:54 GMT)
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more specific >year - end financial procedures
> end of year financial procedures
> end of financial year statement

Contab stands for accounts
are all extracted from the operating software MYOB Accounting - ATO (Australian Taxation Department)

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Note added at 2 hrs (2008-06-15 12:04:23 GMT)
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just a note its my daily job as accounts manager

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Note added at 1 day2 hrs (2008-06-16 11:58:21 GMT)
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buon lavoro a tutti
Peer comment(s):
neutral Giovanni Pizzati (X) : si, fine di esercizio annuale, ma la chiusura della contabilità non é inerente ad esso, se nessuno la opera.
27 mins
e' il termine usato per definire la procedura di chiusura contabile annuale che termina con la presentazione di uno "end of financial year statement" il termine puo' variare a seconda del paese target per la traduzione.
neutral James (Jim) Davis : Zihron if you are compiling the accounts then you perform the act of closing them. At the end of the financial year (fiscal year in US) you "close" all te P&L accounts and transfer the profit to the balance sheet.
1 day 2 hrs
James credo che Vanita ha materiale a sufficienza per completare la sua traduzione.Last note: Balance sheet e' in effetti il Bilancio finale di tutte le operazioni contabili di un azienda quadrimestrali semestrali o annuali appunto.
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