Italian GAAP definition

Italian GAAP means generally accepted accounting principles in Italy.

Italian GAAP means the accounting principles set out in the Italian Civil Code as defined and interpreted by the Organismo Italiano di Contabilità (the Italian Committee on Accounting) and by Xxxxxxxxx Nazionale dei Dottori Commercialisti e dei Ragionieri (the Italian Accountants’ Organization), as in effect as of the relevant time.

Italian GAAP means the rules of Italian Law applicable to the drafting of financial statements, as integrated by, interpreted and applied in accordance with the accounting principles (principi contabili) issued by (x) the Xxxxxxxxx Nazionale dei Dottori Commercialisti and the Xxxxxxxxx Nazionale dei Ragionieri, as amended by the OIC (Organismo Italiano di Contabilità), and (y) directly by the OIC (Organismo Italiano di Contabilità), in each case in effect as of the reference date of the financial statements.

Examples of Italian GAAP in a sentence

• There are no material liabilities of the Company or any of its subsidiaries of a nature required to be reflected on a balance sheet prepared in accordance with Italian GAAP, other than liabilities (i) reflected or reserved against on the Financial Statements or the notes thereto, or (ii) incurred since December 31, 2003 in the ordinary course of business of the Company and its subsidiaries.

• The Financial Statements fairly present in all material respects in accordance with such books and records and Italian GAAP the consolidated financial position of the Company and its subsidiaries as of the dates thereof.

• In this case, the SANPAOLO IMI Group exercised the option provided by IFRS 1 to defer the first-time application of IAS 32 and 39, and IFRS 4 to January 1, 2005, and apply Italian GAAP standards for comparative information regarding the financial instruments and insurance contracts subject to the aforementioned IAS/IFRS.The differences resulting from the application of the above different accounting principles have made it necessary to report them separately in the column relative to 2004.

• Details are provided on figures reported on the basis of Italian GAAP standards in Part L of the Explanatory Notes, in accordance with the schedules set forth in the aforementioned Circular no.

• The Estimated Working Capital Statement shall be prepared in accordance with (i) Italian GAAP applied on a basis consistent with, and following the accounting principles, procedures, policies, allocations and methods employed in preparing the computation of working capital as of September, 30, 2005 (as such computation is set forth on Schedule VI) and (ii) Schedule I.

More Definitions of Italian GAAP

Italian GAAP means the accounting standards approved by the National Councils of "Dottori Commercialisti e Ragioneri," and in the absence thereof, those issued by the International Accounting Standards Committee. 156 165

Italian GAAP means Italian generally accepted accounting principles. "Liens" means any claim, mortgage, deed of trust, pledge, security

Italian GAAP means the rules of the Code dealing with annual financial statements and the Italian generally accepted accounting principles as issued by the Organismo Italiano di Contabilità (OIC) or, in their absence, the International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB) of the IFRS Foundation, in each case applied on a basis that is consistent with past practice.

Italian GAAP means collectively accounting principles prescribed by Italian law and supplemented by the accounting principles issued by the Xxxxxxxxx Nazionale dei Dottori Commercialisti e dei Ragionieri, consistently applied.

Italian GAAP. ’ means the Italian law governing the preparation of consolidated financial statements, as interpreted and integrated by the accounting principles established by the Organismo Italiano di Contabilita`—OIC;

Italian GAAP means generally accepted accounting principles in Italy, as prescribed by Italian law and supplemented by the accounting principles issued by the Italian accounting profession;

Italian GAAP means Italian generally accepted accounting principles applied on a consistent basis with prior accounting periods.