inmovilizado financiero
English translation: financial assets
| 08:50 Sep 7, 2009 |
| Spanish to English translations [PRO] Bus/Financial - Accounting | |||||||
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|  Selected response from: John Rynne Local time: 18:23 | ||||||
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Answers
8 mins confidence: 
peer agreement (net): -1
peer agreement (net): -1financial assets Explanation: as opposed to "property, plant and equipment" and "intangible assets", which are the other two big categories -------------------------------------------------- Note added at 49 mins (2009-09-07 09:39:53 GMT) -------------------------------------------------- From IASPlus (http://www.iasplus.com/standard/ias01.htm) Minimum items on the face of the statement of financial position [IAS 1.68] (a) property, plant and equipment; (b) investment property; (c) intangible assets; (d) financial assets (excluding amounts shown under (e), (h) and (i)); (e) investments accounted for using the equity method; (f) biological assets; (g) inventories; (h) trade and other receivables; (i) cash and cash equivalents; (j) trade and other payables; (k) provisions; (l) financial liabilities (excluding amounts shown under (j) and (k)); (m) liabilities and assets for current tax, as defined in IAS 12; (n) deferred tax liabilities and deferred tax assets, as defined in IAS 12; (o) minority interest, presented within equity; and (p) issued capital and reserves attributable to equity holders of the parent. |
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1 hr confidence: 
fixed assets Explanation: : |
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2 hrs confidence:
long-term investments Explanation: indeed... |
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2 hrs confidence:
(short) fixed-asset investment/s; (long) trade investment/s held as fixed assets Explanation: Trade investments: investments, current like cash or stocks & sahres, or fixed like land and buildings held by one co. in another, yawn, yawn! Example sentence(s):
Reference: http://www.encyclopedia.com/doc/1G1-175065696.html |
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8 hrs confidence:
financial assets Explanation: The following definition appears in Barron's Finance & Investment Handbook: Assets in the form of stocks, bonds, rights, certificates, bank balances, etc., as distinguished from tangible, physical assets. For example, real property is a physical asset, but shares in a REAL ESTATE INVESTMENT TRUST (REIT) or the stock or bonds of a company that held property as an investment would be financial assets. Hope this helps. In my 21st year of translating almost exclusively for Mexico City based member firms of big 4 and 2nd tier international public accounting firms (PwC, KPMG, Grant Thornton, RSM, etc.), as well as other financial entities (Banobras, Bancomer, etc.). Reference: http://aicpa.org Reference: http://imcp.org.mx |
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1 hr confidence:
long-term financial investments // financial fixed assets Explanation: See the following reference: INMOVILIZADO FINANCIERO (En inglés: financial fixed assets , long-term financial investments ) Activos, de naturaleza financiera pura, que posee una empresa y que no son utilizados de manera directa en el proceso productivo. Su objetivo es el de mantener el control sobre las filiales o una participación estable en otras empresas mediante la posesión de acciones, obligaciones, créditos, bonos, etc. http://www.economia48.com/spa/d/inmovilizado-financiero/inmo... -------------------------------------------------- Note added at 1 day1 hr (2009-09-08 10:43:49 GMT) -------------------------------------------------- Translated to English: Assets of a purely financial nature which a firm owns and which are not directly used in the production process. Its objective is to maintain control of its affiliates/subsidiaries and stable equity participation in other companies via the ownership of shares, debts/obligations, credits, bonds, etc. -------------------------------------------------- Note added at 2 days21 hrs (2009-09-10 06:27:09 GMT) Post-grading -------------------------------------------------- I am adding this note to make a distinction between financial asset and financial fixed asset. The term "inmovilizado" means "fixed" as in "activo inmovilizado" (= fixed assets). Inmovilizado financiero or financial fixed assets (or, alternatively, long-term financial investments) is that part of the total financial assets which are "fixed",- i.e., it is not the intention of management to convert the asset into current asset within a period of one year. By definition, a fixed asset is an asset used in production or operations from which the current portion has been deducted. In the same manner, a financial fixed asset is a financial asset that the company does not plan to sell or convert into cash, cash equivalent, or any other current asset within the current financial period. Such financial assets as bank deposits which mature within one year, are not "activo inmovilizado" or financial fixed assets. Saying that inmovilizado financiero is financial asset (= activo financiero) is like saying that England is the United Kingdom or that Germany is the European Union. The following texts from reliable sources may help one understand this distinction: FINANCIAL ASSETS, from the Business Dictionary. Assets in the form of Stocks, Bonds, rights, certificates, bank balances, etc., as distinguished from tangible, physical assets. For example, Real Property is a physical asset, but shares in a Real Estate Investment Trust (REIT) or the stock or bonds of a company that held property as an investment would be financial assets. http://www.answers.com/topic/financial-asset Financial assets, from the Investment Dictionary An asset that derives value because of a contractual claim. Stocks, bonds, bank deposits, and the like are all examples of financial assets.Unlike land and property--which are tangible, physical assets--financial assets do not necessarily have physical worth. (ibid) FINANCIAL FIXED ASSETS, from economia48.com (translated): Assets of a purely financial nature which a firm owns and which are not directly used in the production process. Its objective is to maintain control of its affiliates/subsidiaries and stable equity participation in other companies via the ownership of shares, debts/obligations, credits, bonds, etc. |
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