Título del informe

'HOW THE ENGLISH LANGUAGE ACCOUNTING IS TAKEN'

´HOW ACCOUNTING TAKES PLACE IN THE UNITED STATES OF

AMERICA´

Gabriela Villegas.
Teacher: Andrés Labarces.
1) HOW THE ACCOUNTING IS TAKEN IN ENGLISH.

 Accrual.
Accrual refers to an accounting method that records income and
expenses as soon as they are presented, regardless of when the
cash transaction takes place (in cash). It is the opposite of the
cash or cash method, which records transactions only when the
money changes hands.

 Book value.
Book value is another way of referring to the value of a good as
it appears in the accounting records of the company. Book in
book value refers to the accounting records in which the
company keeps lists of its transactions.

PÁGINA 1
 Cash flow.
This term refers to the amount of money that enters and leaves
the bank accounts and the cash of a company, and can be used
to evaluate how profitable or liquid it is. A positive cash flow
means that the liquidity is increasing, and a negative cash flow
indicates that it is decreasing.

 Goodwill.
Goodwill is an intangible asset that reflects the value of a
company's reputation and relationships. It is normally discussed
during the acquisition of one company by another.

 Working capital.
Working capital is really important. It is the money that a
company has available (available) for immediate use and that is
not tied to investments or committed to the payment of
liabilities.

PÁGINA 2
 HOW ACCOUNTING TAKES PLACE IN THE UNITED
STATES OF NORTH AMERICA.

The strength of the US capital markets depends on investors

knowing they can trust the financial information they have
access to when making investment decisions. High quality
accounting standards are the basis on which this trust is based.
The Commission has an important responsibility with investors
and our markets to ensure that accounting standards reliably
produce the information that our markets demand.
the accounting standards that form the basis of the financial
information system of the United States. They are established
and maintained by an independent standardization body, the
Financial Accounting Standards Board (FASB). Although the
US continues to serve the interests of investors and other
interested parties, there is no diminishing need - in the United
States and abroad - to continue to work hard to support the
development of internationally accepted and high-level
accounting standards. quality.

The IFRS for SMEs establish the recognition, measurement,

presentation and disclosure requirements that relate to
transactions and other events and conditions that are important
in the financial statements for the purpose of general

PÁGINA 3
information. They can also establish these requirements for
transactions, events and conditions that arise mainly in specific
industrial sectors. The IFRS are based on a Conceptual
Framework, which refers to the concepts presented within the
financial statements for the purpose of general information.

PÁGINA 4