Il conto economico
Example: Il conto economico mostra i profitti e le perdite dell'azienda.
Definition
"Il conto economico" is a financial statement that summarizes a company's revenues, costs, and expenses over a specific period, showing the net profit or loss. It is essential for understanding the company's operational performance and financial health.
Etymology
The term "il conto economico" comes from Italian, where "conto" means account or calculation, and "economico" relates to economics or finance. Together, it literally means 'the economic account,' reflecting its role in accounting for economic results.
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"Il conto economico" appears in the Vocaplus list "", containing 150 commonly used words.
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the income statement