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en cifras actualizadas registradas al costo

English translation: in restated amounts recorded at cost

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:en cifras actualizadas registradas al costo
English translation:in restated amounts recorded at cost
Entered by: Richard Cadena

15:02 Oct 29, 2020
Spanish to English translations [PRO]
Bus/Financial - Accounting / informe de auditoría
Spanish term or phrase: en cifras actualizadas registradas al costo
En la sección de notas de un informe de auditoría a estados financieros de una empresa venezolana:

"Políticas contables

Los estados financieros se presentan de conformidad con los Principios de Contabilidad de Aceptación General emitidos según las Normas Internacionales de Contabilidad (NICS), que requiere (sic) la presentación de dichos estados financieros **en cifras actualizadas registradas al costo**."

En Venezuela existe hiperinflación desde hace unos años.

¿Me pueden ayudar a traducir la expresión? Muchísimas gracias
Yvonne Becker
Local time: 16:29
in restated amounts recorded at cost
Explanation:
This is how it works in hihgly inflationary economies.

Actualización - restatement (noun)
Actualizado(a) - restated (Adjective)
Actualizar - to restate (verb)

Terms like "actualize", "update" and "upgrade" do not work in this context.

References:
Spanish-English Dictionary of Law and Business, 2nd Edition - Thomas L. West
Diccionario de Terminología Contable y Financiera Especializada / Spanish-English & Inglés-Español - Prof. Richard J. Cadena, published by the Instituto Mexicano de Contadores Públicos, A.C.

Hope this helps.



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Note added at 1 day 4 hrs (2020-10-30 19:36:49 GMT)
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This link provides additional support for my suggestion.

https://www.iasplus.com/en/standards/ias/ias29

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Note added at 1 day 4 hrs (2020-10-30 19:44:59 GMT)
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Here is an additional link to support the use of the terms "to restate", "restated", and "restatement".
https://www.investopedia.com/terms/i/inflation-accounting.as...
Selected response from:

Richard Cadena
Mexico
Local time: 14:29
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +5in restated amounts recorded at cost
Richard Cadena
4 -1in actualized numbers recorded at their cost
Francois Boye
3in updated figures registered to the cost
Lisa Rosengard


Discussion entries: 3





  

Answers


59 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
in actualized numbers recorded at their cost


Explanation:
What is actualization in finance?
The actualization process can be defined as the present value at time t = 0 of a future unitary amount. Explicitly, it is the inverse of the capitalization process. DEFINITION 3.2. : The actualization process , associated to a given flux of interest (3.4) is.

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Note added at 1 hr (2020-10-29 16:24:22 GMT)
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An alternative:

'At present value numbers recorded at their cost'

Francois Boye
United States
Local time: 16:29
Native speaker of: Native in FrenchFrench
PRO pts in category: 129

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: I may be wrong, but I don't think you can use "actualize" in this way. Your unattributed reference is a translation from French.
10 mins
  -> see correction
disagree  Richard Cadena: For your reference. https://www.iasplus.com/en/standards/ias/ias29 & https://www.investopedia.com/terms/i/inflation-accounting.as...
1 day 3 hrs
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +5
in restated amounts recorded at cost


Explanation:
This is how it works in hihgly inflationary economies.

Actualización - restatement (noun)
Actualizado(a) - restated (Adjective)
Actualizar - to restate (verb)

Terms like "actualize", "update" and "upgrade" do not work in this context.

References:
Spanish-English Dictionary of Law and Business, 2nd Edition - Thomas L. West
Diccionario de Terminología Contable y Financiera Especializada / Spanish-English & Inglés-Español - Prof. Richard J. Cadena, published by the Instituto Mexicano de Contadores Públicos, A.C.

Hope this helps.



--------------------------------------------------
Note added at 1 day 4 hrs (2020-10-30 19:36:49 GMT)
--------------------------------------------------

This link provides additional support for my suggestion.

https://www.iasplus.com/en/standards/ias/ias29

--------------------------------------------------
Note added at 1 day 4 hrs (2020-10-30 19:44:59 GMT)
--------------------------------------------------

Here is an additional link to support the use of the terms "to restate", "restated", and "restatement".
https://www.investopedia.com/terms/i/inflation-accounting.as...



    Reference: http://aicpa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 14:29
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 726
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  patinba
9 mins
  -> Thank you, Pat. Saludos
agree  philgoddard
35 mins
  -> Thank you, Phil.
agree  Luis M. Sosa: Correcto Richard, es ajuste de estados financieros no se trata de encontrar el valor presente de una inversión.
1 hr
  -> Muchas gracias, Luis. Saludos desde CDMX.
agree  Antonella Perazzoni
1 hr
  -> Muchas gracias, Antonella. Saludos desde CDMX.
agree  Adrian MM.: You are definitely the link in the 'chain'.
5 hrs
  -> Thank you, Adrian.
disagree  Francois Boye: 'restated' is incorrect. you should say 'discounted' or 'at present value' //It is not an inflation issue!
5 hrs
  -> "Restated" is correct. Take a look at these links. https://www.accountingtools.com/articles/inflation-accountin... & https://www.iasplus.com/en/standards/ias/ias29
agree  A. & S. Witte
19 hrs
  -> Thank you, A. & S.
Login to enter a peer comment (or grade)

7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
in updated figures registered to the cost


Explanation:
"The international financial law on accountancy requires presentation (submission or accreditation?) of such said financial status."

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Note added at 7 hrs (2020-10-29 22:33:16 GMT)
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"The financial statutes are presented in accordance with the accepted accountancy principles."

"Hyper-inflation has been taking place in Venezuela for a few years."

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Note added at 13 hrs (2020-10-30 04:43:45 GMT)
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Below is another example with updated figures.

ttps://www.linguee.com/english-spanish/search?source=auto&query=en...

"Dado el elevado costo que conlleva, deberían presentarse cifras actualizadas.
Los títulos de deuda se registran a costo."

"Due to the increasing costs involved, updated figures should be submitted.
Debts and equity securities are initially registered (recorded) at cost."

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Note added at 2 days 16 hrs (2020-11-01 07:34:51 GMT)
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"a clear and simple explanation of the concept of discounting"
"una explicación simple y clara del concepto de rebajas"

Account predictions could be compared with up-dated account figures (accounts from before which are brought to the present day) to see if revised (re-evaluated) numbers correspond with future predictions.
It suggests a tax inspection.

Cuentas pronosticadas podrían ser comparadas con cifras actualizadas (cifras de antes que son llevadas al presente) para saber si los datos revisados y actualizados (datos que son evaluados o calculados de nuevo) corresponden con las cifras ya predicadas para el futuro.
Ha sugerido una inspecction fiscal de impuestos.

Lisa Rosengard
United Kingdom
Local time: 21:29
Specializes in field
Native speaker of: English
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