Activos corrientes Current assets Cash and other assets that are expected to be converted
to cash within a year
Activos no corrientes Noncurrent assets Are assets other than current assets, while current assets are
assets which are expected to be realized in next 12 months or
within normal operating cycle of a business.
Activos Intangibles Intangible assets Is an asset that lacks physical substance and usually is very
hard to evaluate.
Activos tangibles Tangible assets Cash, equipment, machinery, plant, property anything that has
long-term physical existence or is acquired for use in the
operations of the business and not for sale to customers.
Auditoría Auditory An official inspection of an individual's or organization's
accounts, typically by an independent body
Ayuntamiento City hall The administration building of a municipal government.
Balance de Situación Balance sheet A statement of the assets, liabilities, and capital of a
business or other organization at a particular point in
time, detailing the balance of income and expenditure
over the preceding period.
Beneficio Profit A financial gain, especially the difference between the
amount earned and the amount spent in buying,
operating, or producing something.
Ciclo de explotación Operating cycle Establishes how many days it takes for a company to turn
purchases of inventory into cash receipts from its eventual sale
Ciclo económico Business cycle A cycle or series of cycles of economic expansion and
contraction
Contabilidad de
Costes
Cost accounting The recording of all the costs incurred in a business in a
way that can be used to improve its management.
Contabilidad de
Gestión
Management
accounting The provision of financial data and advice to a company
for use in the organization and development of its
business
Contabilidad
Financiera
Financial
accounting
Is the field of accounting concerned with the summary,
analysis and reporting of financial transactions pertaining to a
business
Control de gestión Management
control It is a process that serves to guide business management
towards the goals of the organization and an instrument to
evaluate it.
Cuenta de Pérdidas
y Ganancias
Profit and loss
account An account in the books of an organization to which
incomes and gains are credited and expenses and losses
debited, so as to show the net profit or loss over a given
period
Cuenta de
Resultados
Income statement It is the document that reports the result of the management of
the company as a result of ordinary operations (revenues and
expenses) performed continuously, and from which a result is
obtained .
Dirección General Directorate General The chief executive of a large organization
Empresa privada Private entrerprise Business or industry that is managed by independent
companies or private individuals rather than by the state
