Capsule Vocabularies: Principios Contables

ES-EN legal translators (and lawyers and professors) often require a minimum basic vocabulary in a specific area of law, something that they will be hard pressed to find searching word-by-word in a dictionary. (In this case, the “problem” with dictionaries is that they are in alphabetical order.) Blog entries labeled “Capsule Vocabularies” will feature some of the basic terminology lists developed for use by my students of legal English that I hope may also be of interest to translator and interpreter colleagues and other legal professionals.

 Principios contables (Accounting Principles)

Here are some of the basic principles appearing in the Spanish Plan General de Contabilidad:

Principio de empresa en funcionamiento (salvo prueba en contrario, se considerará que la gestión de la empresa continuará en un futuro previsible) Going-concern Principle (unless demonstrated otherwise, it is presumed that the company will continue in operation for the foreseeable future)
Principio de devengo (registro de los efectos de las transacciones o hechos económicos cuando ocurran) Accrual-based Accounting Principle (recognition of the effects of transactions and economic events when they occur)
Principio de uniformidad/continuidad (aplicación en el tiempo del mismo criterio de manera uniforme) Consistent Accounting Methods Principle (uniform application of the same criterion over time)
Principio de prudencia (prudencia en las estimaciones y valoraciones a realizar en condiciones de incertidumbre) Prudence Principle (prudence in estimates and valuations made in uncertain conditions)
Principio de no compensación (salvo que una norma disponga de forma expresa lo contrario, no podrán compensarse partidas de activo y pasivo o de gastos e ingresos) No-netting Principle (unless a rule expressly provides otherwise, items in assets and liabilities or expenses and income may not be set off against each other)
Principio de importancia relativa (admisión de la no aplicación estricta de algunos principios y criterios contables cuando su importancia relativa sea escasamente significativa) Materiality Principle (admission that certain accounting principles and criteria may not be applied strictly when they are relatively immaterial)

Source: Rebecca Jowers. Léxico temático de terminología jurídica español-inglés. Valencia: Tirant lo Blanch, 2015, pp. 917-918.

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