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NOTES TO THE FINANCIAL STATEMENTS

PRESENTED BY:

CARO CORREAL LAURA CAMILA

CUÉLLAR SEGURA RAFAEL ÁNGEL

OBANDO GARZON ANDRES FELIPE

PINZÓN CHAVARRÍO ANDREA NATALIA

VELÁSQUEZ LÓPEZ LAURA KATHERINE

PRESENTED TO:

ALFONSO ÁLVARO TRUJILLO VELASQUEZ

.
.

UNIVERSIDAD DE LOS LLANOS.

VILLAVICENCIO-META

MODULE IV

2020
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ABSTRACT

The notes to the Financial Statements represent clarifications or explanations of quantifiable

facts or situations that are presented in the movement of the accounts, which must be read

together with the Financial Statements for a correct interpretation. They also represent important

information for investors who wish to buy shares in a company through the Stock Market, since

they usually show relevant information to consider that will determine the behavior of the value

of the shares. The notes to the financial statements represent the dissemination of certain

information that is not directly reflected in those statements, and that is useful for users to make

decisions with a clear and objective basis. This does not imply that these explanatory notes are a

financial statement, since according to the current regulations they are not, but rather they are an

integral part of them as part of the analysis, their presentation being mandatory. On the other

hand, these notes represent disclosures applicable to balances of transactions or other significant

events that must be observed to prepare and present the financial statements.
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OBJETIVES

General objective

 To understand the concept of the notes to the financial statements, origin and importance

in the presentation of the financial information of a company.

Specific objectives

 To investigate the creation and application of the notes to the financial statements.

 To practice the writing and pronunciation of a language as important for the

development of my professional career, as it is English.

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JUSTIFICATION

The information presented in this project is of great interest to public accounting professionals

and apprentices of this, since it is an essential topic to complete and present the financial

statements.

In the development of this work, the vocabulary about financial terms in English will be

strengthened, and this will allow improving the interpretation of accounting information written

in English.
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???? What is this??

Script

Good afternoon, classmates and teacher, my name is Natalia Pinzón and in this presentation I

will talk about the notes to the financial statements.

First, what are they? The notes to the Financial Statements represent clarifications or

explanations of facts or quantifiable situations or not presented in the movement of the accounts,

which must be read together with the financial statements for a correct interpretation. They also

represent important information for investors who wish to buy shares in a company through the

stock market, since they usually show relevant information to consider that will determine the

behavior of the value of the shares.

Second, Article 114 of Decree 2649 of 1993 provides that financial statements must be

accompanied by their respective notes. The purpose of the notes to the financial statements is to

provide the necessary elements so that those users who read them, can understand them clearly,

and can obtain the greatest utility from them. It is not good to have a financial statement in view

without having the documents or the minimum information necessary to understand how these

financial statements were made, what accounting policies were used, and so on.

And finally the content, each note must be clearly identified and presented within a logical

sequence, keeping as possible the order of the items of the financial statements.
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NOT NECCESARY!

Images

Image 1. These notes are an integral part of each and every one of the financial statements

Examples of financial statements

Image 2. Example of the application of the notes to the financial statements

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NOT NECESSARY!

Technical vocabulary

Account: cuenta Concern: compañía

Accountant: contador Economy: economía
Accounting: contabilidad Effective: efectivo
Analysis: análisis Entrepreneur: empresario
Article: artículo FASB: normas contables
Bear market: mercado bursátil en Finance evaluation: evaluación financiera
declinación Foreign exchange: divisas
Book keeping: contabilidad Share: acción
Business card: tarjeta de negocios Shareholder: accionista
Capital: capital Shares of stock: acciones
Carnings: ganancias Statement of accounts: estado de cuentas
Cash: contado
Company: compañía
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CYBERGRAPHY

 https://www.researchgate.net/publication/327443382_The_role_of_the_notes_to_the
_financial_statements_in_corporate_decision-making
 https://es.slideshare.net/ivette_lopez_5/notas-a-los-estados-financieros-49150574
 https://creditolongdoubt.weebly.com/blog/notas-de-estados-financieros
 https://actualicese.com/actualidad/2015/12/09/modelo-de-notas-a-los-estados-
financieros-bajo-norma-local/
 http://www.economicas-online.com/glosarios/ingles.htm#Glosario

- Title
- Summary
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- Introduction
- Objetives
- Justification ( está muy corta,
extenderla más)
- Theoretical Framework : (consiste
en desarrollar la teoría que va a
fundamentar el proyecto con base
al planteamiento del problema que
se ha realizado)
- Methodology (conjunto de
procedimientos para la planificación
y gestión de todos los componentes
del mismo. Desde la gestión de
recursos hasta la coordinación del
equipo de trabajo o la relación con
todos los interesados en los
resultados del mismo)
- Results
- Conclusions
- References (bibliografia)