unit 8. Finance

• Balance sheet: Balance

The balance sheet represents the financial status of the companyBankrupt: QuebradoMany companies have gone bankrupt by mismanagement.

• Bottom line: Lo esencial

Bottom line for all companies is to have good administration of HRExpense: CostoThe cost of production was 5% higher than last year.

• Financial statement: Declaración financiera

The financial statement is presented annually to Treasury.

• Forecast: Previsión

The purchasing department takes control in forecast of materials.

• Income statement: Cuenta de resultados

Accountants working in the income statement this month.

• Mismanagement: Mal manejo

The mismanagement resulted in losses to the company.

• Profit and loss account: Cuenta de ganancias y pérdidas

Profit ans loss account were presented today at the conference.

• Regulator: Regulador

The intermediary is a good business regulator.

• Securities Exchange Commission: Comisión de Cambio de Seguridades

The SEC is currently investigating ten cases of fraud