GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:17 Jul 7, 2004 |
Spanish to English translations [PRO] Bus/Financial - Accounting / Income statement | |||||||
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| Selected response from: Henry Hinds United States Local time: 00:07 | ||||||
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Summary of answers provided | ||||
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5 | accounting profit before Income Tax and Profit Sharing |
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5 | Book income before Income Tax and Employee Profit Sharing |
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accounting profit before Income Tax and Profit Sharing Explanation: I.S.R. = Impuesto sobre la Renta = Income Tax P.T.U. = Participación a los Trabajadores de las Utilidades = (Worker) Profit Sharing -------------------------------------------------- Note added at 5 mins (2004-07-07 15:22:54 GMT) -------------------------------------------------- In Mexico of course. |
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Book income before Income Tax and Employee Profit Sharing Explanation: This appears in the income statement of a financial statement. ISR is Impuesto sobre la Renta and PTU is Participación de los Trabajadores en las Utilidades. Hope this helps. More than 15 years translating for International accounting firms, banks, and brokerage firms in Mexico City (PwC, Grant Thornton, Banobras, IPAB, etc.) -------------------------------------------------- Note added at 2004-07-07 15:42:02 (GMT) Post-grading -------------------------------------------------- The only time you would use the term \"earnings\" in an income statement is when the following term appears therein: Participación en resultados de subsidiarias which is translated as Equity in earnings of subsidiaries Otherwise, the term \"income\" prevails throughout the income statement. Reference: http://www.imcp.org.mx Reference: http://aicpa.org |
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