This volume provides a detailed, up-to-date guide to the accounting background and current practice in financial reporting in Italy. It includes a comprehensive examination of Italian standards, regulations and practice, including relevant information on the legal and economic environment peculiar to Italy.

Using examples of actual financial reporting of local companies as well as a complete illustrative financial report, the authors guide the non-resident professional and analyst towards an interpretation of Italian companies' statements, either for investment or trading purposes. The book discusses the historical background showing how Italian accounting and auditing evolved, and provides an invaluable glossary of key accounting terms in Italian and their English translation.

This book will be an important source of reference for practising accountants, business people and investors who need to interpret Italian accounts, and advanced students of international accounting.