INTERNAL REVENUE SERVICE

IRS

INTERNAL REVENUE SERVICE

The Internal Revenue Service (IRS) is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the main body of federal statutory tax law of the United States. The duties of the IRS include providing tax assistance to taxpayers and pursuing and resolving instances of erroneous or fraudulent tax filings. The IRS has also overseen various benefits programs, and enforces portions of the Affordable Care Act.

IASB

JUNTA DE NORMAS INTERNACIONALES DE CONTABILIDAD

IASB

    International Accounting Standards Board  

COMITÉ DE NORMAS INTERNACIONALES DE CONTABILIDAD

IASC

(International Accounting Standards Committee

Fundación de Estándares Internacionales de Reportes Financieros

IFRS Foundation 

 International Financial Reporting Standards

  

LAS NORMAS INTERNACIONALES DE INFORMACIÓN FINANCIERA (NIIF),

IFRS 

International Financial Reporting Standards

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The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest.

The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the US.

The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.

FASB accounting standards are accepted as authoritative by many organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA).

CEO

CEO

CHIEF EXECUTIVE OFFICER 

• DIRECTOR EJECUTIVO

OUTSOURCING

The process of having suppliers provide godos and services that were previously provided internally. Outsourcing involves substitution the replacement of internal capacity and production by that of the supplier.

• Proceso de hacer que los abastecedores provean mercancías y servicios que anteriormente eran suministrados internamente. El outsourcing involucra la sustitución de las capacidades internas y de producción por las del abastecedor

FOLLOW-UP / SEGUIMIENTO

FOLLOW-UP – SEGUIMIENTO

Monitoring of job progress to see that operations are performed on Schedule or that purchased material or products will be received on Schedule.

• Control del progreso del trabajo para ver que las operaciones sean ejecutadas como se planearon o que los materiales y productos comprados sean recibidos en el tiempo programado.

CASH FLOW

FLUJO DE EFECTIVO

The net flow of dollars into or out of the proposed project. The algebraic sum, in any time period, of all cash receipts, expenses, and investments. Also called cash proceeds or cash generated.

Es el flujo neto de dinero al interior o al exterior del proyecto propuesto. Es la suma algebraica, en cualquier período de tiempo, de todos los ingresos de dinero en efectivo, gastos e inversiones. También se llama procedimiento en efectivo o efectivo generado.

BREAK-EVEN POINT

BREAK-EVEN POINT – PUNTO DE EQUILIBRIO

The level of production or the volume of at which operations are neither profitable nor unprofitable.

The break-even point is the intersection of the total revenue and total cost curves.

• Es el nivel de producción o volumen de ventas en el cual las operaciones no producen ganancias, ni perdidas. 
• El Punto de Equilibrio es la intersección de las curvas de ingresos y el total de los costos.