Activity # 1

1. What are the characteristics or skills that a good accountant should have?
Must have critical thinking, know about rules, must be honest, diligent, and orderly.

2. What does an accountant do in Colombia?

✔ the main functions of an Accountant in Colombia are:
✔ Preparation of financial reports, vital for decision making.
✔ Application of benefits and dividend reports.
✔ Certification of forms for tax payments.
✔ Establishment of accounting systems.
✔ Opening of accounting books.

3. -What are the functions that are exclusive or that are under the direction of a
qualified accountant?
✔ Prepare audited or revised financial statements.
✔ Submit reports.
✔ Represent clients before the National Tax and Customs Office (DIAN).
✔ Requirements to obtain the license:
✔ In general, to obtain the title of Accountant in Colombia it is necessary to meet
✔ some educational requirements and previous work experience.
4. What is the law in Colombia that regulates the profession of Colombian accountants?

Law 43 of 1990 which regulates the profession of public accountant

5. Briefly explain what are some of the functions of an Accountant in Colombia?

the Accountants in Colombia perform functions that are related to the management of an
institution's finances, such as the registration of accounting transactions, making payments
and collections, preparing financial reports and preparing budgets. Despite what is thought,
CPAs not only perform their functions in government institutions or in banking entities, they
can also manage a company efficiently.

6. Write a brief summary of what you have understood from the reading. (A SHORT
PARAGRAPH)
The text talks about accountants, and their functions, as well as the law in which they
must abide in their work tasks.
also, of their educational requirements and previous work experience.
it is worth noting that having an accountant planner allows them to prepare accurate
tax returns for any situation. working with an accountant in Colombia allows your
company to take full advantage of the tax benefits of your business.
 Accountant in Colombia allows your company to take full advantage of the dynamics of
the business.
business dynamics, this provides results and guidance in good and bad economic times.
economic times.

7. Create a table in which you write the verbs you find in the reading and their meaning
in Spanish, write the verb as you find it in the reading, find its infinitive form and write
its meaning.

VERB AS IT APPEARS IN THE INFINITIVE FORM MEANING

READING
Refers Refer Referir, remitir,relacionar

has (3) have tener

apply apply aplicar

manage manage gestionar

interpret interpret interpretar

Are (4)

perform  perform Realizar

Making (2) make hacer

Preparing (2) prepare preparar

Is (3) Be Ser o estar

Issue Issue Emitir

Can (5) Can Puede

Need (2)

Meet (4) Meet Conocer

Want Want Querer

Explain (2) Explain Explicar

Benefit Benefit Beneficiar

Met ()

Have (2)

Abide

Defined
Preparation

Opening

Covers

Prepare

Revised

Submit

Represent

Obtain

Supervision

Be (5)

Obtained (2)

Following

Established

Accredited

Having

Obtained

To Confer

Acquired

Acrcrediting

Related

Entered

Decide

To hire

To validate

Seen

Advising

Working

Includes
Said

Equivalent

Entered

Reciprocity

Endorsed

Authorized

Hire

Deal

Need

Validate

Registration

Preparation

Seen

Filing

Minimize

8. Create a table in which you relate the nouns or names that are related to the
accounting activity.

Noun Meaning

Accountants Public Contadores publicos

Country Pais

Person Persona
Banking entities Entidades bancarias

Company Empresa

Businessman Empresario

Bank Banco

Investors Inversionistas

Clients Clientes

Books Libros

Government Gobierno

Industry Industria