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    Notes To The Financial Statements

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    ANDREA NATALIA PINZON CHAVARRIO
    The notes to the financial statements provide clarification and explanations for quantifiable facts and situations presented in financial accounts. They must be read together with financial statements for proper interpretation. Notes also provide important information for investors, such as details that influence stock price behavior. Notes communicate information not directly shown in statements but useful for decision making. They are a mandatory part of financial statements under regulations. Notes disclose transaction balances or significant events that must be considered when preparing financial statements.

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    Notes To The Financial Statements

    Uploaded by

    ANDREA NATALIA PINZON CHAVARRIO
    45 views9 pages
    The notes to the financial statements provide clarification and explanations for quantifiable facts and situations presented in financial accounts. They must be read together with financial statements for proper interpretation. Notes also provide important information for investors, such as details that influence stock price behavior. Notes communicate information not directly shown in statements but useful for decision making. They are a mandatory part of financial statements under regulations. Notes disclose transaction balances or significant events that must be considered when preparing financial statements.

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    NOTES TO THE FINANCIAL STATEMENTS

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    The notes to the financial statements provide clarification and explanations for quantifiable facts and situations presented in financial accounts. They must be read together with financial statements for proper interpretation. Notes also provide important information for investors, such as details that influence stock price behavior. Notes communicate information not directly shown in statements but useful for decision making. They are a mandatory part of financial statements under regulations. Notes disclose transaction balances or significant events that must be considered when preparing financial statements.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    45 views9 pages

    Notes To The Financial Statements

    Uploaded by

    ANDREA NATALIA PINZON CHAVARRIO
    The notes to the financial statements provide clarification and explanations for quantifiable facts and situations presented in financial accounts. They must be read together with financial statements for proper interpretation. Notes also provide important information for investors, such as details that influence stock price behavior. Notes communicate information not directly shown in statements but useful for decision making. They are a mandatory part of financial statements under regulations. Notes disclose transaction balances or significant events that must be considered when preparing financial statements.

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    1

    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
    2

    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.
    3

    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.


    4

    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.
    5

    ???? 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.
    6

    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


    7

    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
    8

    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
    9

    - 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)

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