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Glossary entry

Spanish term or phrase:

Memoria Abreviada

English translation:

Abbreviated Notes to the Financial Statements

Added to glossary by Ricardo Falconi
May 28, 2015 17:01
8 yrs ago
54 viewers *
Spanish term

Memoria Abreviada

Spanish to English Bus/Financial Accounting Contabilidad
Memoria Abreviada del Ejercicio 2013

Suggestions? Thanks
Proposed translations (English)
4 Abbreviated Notes to the Financial Statements
4 +2 Abridged Report

Discussion

John Rynne Apr 11, 2020:
If it's a Spanish company Then it is governed by Real Decreto 1514/2007 (https://www.boe.es/buscar/doc.php?id=BOE-A-2007-19884). Go there and you will find that it specifies the contents of the "Cuentas Anuales Abreviadas". It's pretty clear there that the "memoria abreviada" is a "stripped-down set of notes to financial statements". In "cuentas anuales abreviadas", everything is abridged: the balance sheet, the income statement, and the notes to financial statements.
The word "report" on its own is meaningless in this context.
Lisa McCarthy Apr 11, 2020:
Abridged report (annual report) I'm currently translating an annual report and accounts and searched for the term 'memoria abreviada' here in Proz, (the sentence in my text is "Notas correspondientes de la memoria abreviada”). After further research, I believe “Abridged report” is correct and many references back it up. So ‘memoria abreviada’ cannot mean ‘abbreviated notes’, the notes are not abbreviated, they accompany the abridged report.
John Rynne May 28, 2015:
Quote from Ley de Sociedades de Capital Artículo 254. Contenido de las cuentas anuales.

1. Las cuentas anuales comprenderán el balance, la cuenta de pérdidas y ganancias, un estado que refleje los cambios en el patrimonio neto del ejercicio, un estado de flujos de efectivo y la memoria.

So, the "memoria" is separate from the balance sheet, income statement, statement of changes in net equity and cash flow statement. Therefore, "memoria" is not synonymous with "financial statements"

Proposed translations

1 hr
Selected

Abbreviated Notes to the Financial Statements

.... been saying this for 25 years....
Peer comment(s):
agree Andy Watkinson : Ditto.
20 mins
Thanx
disagree Edward Tully : See above.
4 hrs
neutral Lisa McCarthy : See 'Discussion' entry.
1779 days
Something went wrong...
4 KudoZ points awarded for this answer.
+2
10 mins

Abridged Report

!

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Note added at 10 mins (2015-05-28 17:11:36 GMT)
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https://www.google.es/?gws_rd=ssl#q="abridged report" financ...

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Note added at 3 hrs (2015-05-28 20:34:55 GMT)
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"Abbreviated notes to financial statements" is a different concept completely, but as you have stated this is accounting and not legal, this must be it.

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Note added at 2 days23 hrs (2015-05-31 16:32:28 GMT)
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"notes to" is simply "notas a", nothing to do with the annual report.

http://www.proz.com/kudoz/english_to_spanish/bus_financial/6...

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Note added at 2 days23 hrs (2015-05-31 16:33:35 GMT)
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https://www.google.es/?gws_rd=ssl#q="notas a" "notes to the"...
Peer comment(s):
agree Henry Hinds
10 mins
Many thanks Henry! ;-)
neutral John Rynne : unless they are using the legal definition of "memoria", i.e. "notes to financial statements" (Spain)
41 mins
My mistake - I should have stated that the annual abridged report refers to the other contents. However, I am sure you'll agree that to post "abbreviated notes to financial statements" would not be correct in this context.
agree philgoddard : It's for small companies.
1 hr
Many thanks Phil! ;-)
disagree Billh : see above
2 days 16 hrs
Already seen and understood it. You obviously don't know what comprises a company's annual accounts.
agree Lisa McCarthy : Yes, I believe it's this.
1779 days
Something went wrong...
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