INSTITUTO

NACIONAL DE
SAN BARTOLO
TERCER AÑO DE BACHILLERATO TÉCNICO
VOCACIONAL
ESPECIALIDAD: ADMINISTRATIVO CONTABLE “D”
DOCENTE: CARLOS ALFREDO MELARA
MODULO: 3.6 “INTERPRETACIÓN DE INFORMACIÓN
EN INGLES SOBRE MERCADEO Y
COMERCIALIZACIÓN”
ALUMNO:
DAVID FRANCISCO VALLADARES GOMEZ #31
WHAT THE FOLLOWING VIDEO, THEN ANSWER THE QUESTIONS BELOW:

• WHAT IS ACCOUNTING?
R/ Accounting is the part of finance that studies the different items that reflect the economic and
financial movements of a company or entity.

It is a key tool to know in what situation and conditions a company is and, with this
documentation, to be able to establish the necessary strategies in order to improve its economic
performance. For example, if we buy wood to make chairs we will have to count that purchase to
know how much we have, how much it has cost us, who is the seller, on what date we bought it,
etc. Accounting is in charge of all that and more.

Accounting is a resource available to manage the expenses and income of a company. Any
company in the development of its activity carries out purchase, sale, financing operations as a
result of these activities, its assets vary and it obtains a profit or a loss.

All companies are aware that they must properly manage the accounting parameters. This concept
involves both so-called small and medium-sized companies (SMEs) and large multinationals. In the
same way, it is due both to financial reasons - in terms of ensuring adequate profitability - and to
tax provisions, due to pressure from federal, provincial and local treasuries on each corporate
formation.

• WHY DO YOU NEED IT?

R/ It should also be noted that the fundamental objectives of accounting are, on the one hand, to
interpret the past to make decisions in the company and satisfy the demand for information of
different interest groups (such as shareholders, lenders or public administrations) and, on the
other hand , record all economic and financial operations. Moreover, if we break down these
reasons, we can say that accounting is used to:

1. Analyze and report on the economic resources of a company.

2. Allow administrators to properly plan and direct business transactions.
3. Control and keep a record of the management of the administrators and the tax burdens of the
company.
4. Help predict money flows.
5. Collaborate with the necessary information when compiling national statistics on economic
activities.

• WHAT TYPE OF ACCOUNTING ARE THERE?

R/ Of course, as we have been able to verify, there are many details that must be taken into
account in a registry. In the same way, there are quite a few areas of the company on which an
accounting record must be made. Thus, different types of accounting have been developed. For
example, public accounting is not the same as cost accounting. In this line, a financial company
does not use the same accounting items as an agricultural company.
However, having said that, we could say that accounting can be divided based on three details:

Depending on its nature: Here we talk about whether it is public or private

By the type of economic activity: For example, there is industrial accounting, oil, commercial, etc.
Depending on the field in which it is applied: Depending on the specialization we can differentiate
between tax accounting, managerial (for executives), cost accounting or financial accounting.