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7. La cuenta de pérdidas y ganancias
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7. La cuenta de pérdidas y ganancias

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This section discusses the importance of understanding the difference between revenues and receipts, as well as expenses and payments, within the context of a profit and loss statement.

Understanding Revenue and Expenses

  • The profit and loss statement informs about revenues and expenses, not receipts and payments.
  • A positive difference between revenues and expenses results in a positive net profit, while a negative difference indicates losses.
  • The accountant records revenues when sales are made, based on the concept of "accrual date," typically when invoices are issued.

Scenario Illustration

  • Example scenario: A company has only sold 60-70 million by September, causing concern for the sales director.
  • Sales director gets kidnapped but manages to sell products to guerrilla leader, saving the year financially.

Financial Recording Practices

This section delves into the timing of financial entries in accounting practices related to revenue recognition and cash flow management.

Revenue Recognition vs. Cash Flow Management

  • Accountants record revenues based on accrual date when sales commitment is made, not upon receipt of payment.
  • Cash flow management focuses on actual cash inflows (receipts) and outflows (payments), recorded at "value date" when funds are available.

Impact on Financial Reporting

Playlists: MOOC “Finanzas para no financieros”
Video description

En el vídeo 1 del Módulo 3 “¿De qué nos informa y de qué no, la cuenta de pérdidas y ganancias? La gran confusión entre “Gastos” y “Pagos” y entre “Ingresos” y “Cobros” del MOOC de Finanzas para no financieros se estudia la diferencia entre la Cuenta de Pérdidas y Ganancias (Ingreso – Gasto= Beneficio) y la Cuenta de Tesorería (Cobros – Pagos= Disponible). Conceptos adquiridos: Cuenta de Tesorería, Fecha devengo, Fecha valor