Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Spanish to English translations [PRO] Bus/Financial - Accounting
Spanish term or phrase:CAPITAL SOCIAL ACTUALIZADO
This is a Financial Statement entry under Capital Contable Heading. It comes right after Capital Social Nominal. These are Mexican prepared Financials.
Explanation: Capital Social = Capital Stock
Actualización = Restatement (noun)
Actualizar = To Restate (verb)
Actualizado(a) = Restated (past partticiple used as an adjective)
Restatement as defined by Barron's Dictionary of Accounting Terms
A reiteration or republication of a financial statement or document, such as a balance sheet or income statement, in a manner that incorporates revisions and changes on accounting principles or policies.
Comment: Actualización - Restatement in Mexican accounting involves inflation accounting. A "restatement" in this case is really an adjustment due to inflation, that is, such adjustments are increases in the pertinent amount(s) caused by inflation.
Check out Mexico's Boletín B-10 "Los Efectos de la Inflación en la Información Financiera y sus Cinco Adecuaciones".
In conclusion, "restated capital stock" is capital stock that has been adjusted for inflation.
Hope this helps.
Two months away from completing 20 years of translating for Mexico City based member firms of first and second tier International Public Accounting Firms, as well as other financial entities and banks.
-------------------------------------------------- Note added at 44 mins (2008-12-31 02:00:37 GMT) --------------------------------------------------
Tom West's Dictionary has the following:
Actualizar - To Restate (for purposes of inflation only)
Actualización - Adjustment for inflation, restatement of amounts based on changes in the National Consumer Price Index
Note: "Update" is not used in inflation accounting.
-------------------------------------------------- Note added at 1 hr (2008-12-31 03:09:22 GMT) --------------------------------------------------
The following definition of "actualización de capital social" in the Diccionario de Finanzas / inglés-español by Contador Público Andres Cué Vega, a retired partner of AGN-Prieto Ruiz de Velasco, S. C., a Mexican member firm of the AGN network.
Actualización de capital social (restatement of capital stock): Esta actualización se realiza analizando el capital por fechas de aportación, desde el inicial hacia el actual y aplicando el índice de inflación desde la fecha de aportación hasta la fecha del balance.
Restated Capital Stock would be for US purposes, whereas Restated Share Capital would be for UK pùrposes.
In my experience with the Mexico City based member firms of international public accounting firms, all of them use "restated" for "actualizado" when dealing with inflation and Bulletin B-10.
In addition, financial statements issued in Mexico with historical amounts are subject to a qualified opinion, which is considered as a departure from the provisions of Bulletin B-10. Companies sometimes issue two sets of financial statements: one with historical amounts to be sent to the parent company abroad and the other with restated amounts for local Mexican purposes, pursuant to Bulletin B-10.
The dictionaries quoted above, plus most others, overlook the full company-law textbook-title: EQUITY share capital, bringing into the picture this meaning of equity vs. loan stock: www.macdonaldhenderson.co.uk/jargon/equitysharecapital.html
Interesting, Richard, and an excellent source. The Collins Unabridged Spanish-English Dictionary gives "actualizar" (contabilidad) to discount. So, based on that, a possibility would be "discounted capital stock."
Tom West's Spanish-English Dictionary of Law and Business has the following:
Actualizar - To Restate (for purposes of inflation only)
Actualización - Adjustment for inflation, restatement of amounts based on changes in the National Consumer Price Index
According to Alcaraz Varó y Hughes, en their Diccionario de términos jurídicos, "capital social" can be translated as follows: "capital stock, corporate capital, share capital, capital of a partnership."
Automatic update in 00:
Answers
3 mins confidence: peer agreement (net): +3
adjusted capital
Explanation: Mexico, Accountancy, Withholding Taxes - Deloitte & Touche - 26/06 ... - [ Traducir esta página ]26 Jun 1996 - Mexico - Accountancy - Withholding Taxes - Deloitte & Touche - ... If the repayment exceeds the adjusted capital, the difference is multiplied ... www.mondaq.com/article.asp
patinba Argentina Local time: 13:17 Specializes in field Native speaker of: English PRO pts in category: 208
The translation workplace 
peer agreement (net): +3