Write a list of vocabulary, expressions, Questions and answers for each topic.
BANKING ACCOUNTING
Vocabulary.
1-) Legal reserve: Is a reserve Financial institutions , held in
the central bank in proportion to deposits and other
obligations that are responsible, in order to have a backup
for deposits.
2-) Prudential Rules: Set a provisions issued by the
regulatory body in order to a backup
3-) Credit Risk: Is the probability that the debtor bank fails
meet its obligations under the agreed terms
Vocabulary.
1- Insured: Strictly speaking. It’s the persons itself or its
assets or economic interest is at risk.
2- Insurer: It’s the person who by entering into an insurance
contract assumes the harmful consequences caused by
the realization of the event.
3- Payment of indemnities: It’s the main obligation of the
insurer, motivated by the occurrence of a claim
compensable and notified by the insured.
Expressions.
1- The income statement reflects the value of legal reserve
2- The prudential rules meet a series of requirements that
institutions must meet.
3- Credit risk is synonymous with uncertainly.
INSURANCE ACCOUNTING
Expressions.
1- The guiding principle of insurance is that within the group
of insured persons are distributed the risk.
2- With the collection of premiums of the collective are paid
the particular incidents.
3- The types of insurance are: of life, accident, and disease.
Q&A
1- What is the banking system? Is a set of institutions,
financial institutions saving banks, credit institutions that
aim to channel the savings of lenders and provide
security.
2- What is the purpose of the bank? This allows the
development of all those transactions between people,
companies and organizations that involve the use of
money.
3- What´s banking accounting? It’s to provide the banks with
the technical instrument that allows them to register
uniform accounting of transactions.
Q&A
1- What´s insurance accounting? It’s one that studies the
financial statements of those institutions aimed at
insuring risk by subscribing to an insurance contract.
2- What’s insurance premium? The insurance premium is the
price that the insured pays for the coverage they receive
from the insured risk to their insurance company
3- What´s insurance policy? The insurance policy is a
contract between insured and insurance company, which
establishes the rigths and obligations of both, in relation
to the insurance contract.

Vocabulary
1- Agricultural exploitation: Technical-economic unit of
the primary sector base, equivalent to the enterprise in
other economic sectors, whose production is
agricultural products.
2- Harvest: The process of gathering a ripe crop from the
fields
3- Agronomy: Science of crop production and soil
management.
Vocabulary.
1- Government: Set of people and bodies that govern or
direct a political-administrative division.
2- Financial administration: The set of objectives, policies
agencies, principals, functions, procedures, records and
information that interact through a common bond,
which is the public budget
3- Public budget: Is the instrument through which the
legislative branch established the maximum levels of
expenses that the executive power.
AGRICULTURAL ACCOUNTING
Expressions.
1- A biological assets is a living animal or plant
2- The agricultural activity is a management by the company to
carry out transformations a biological assets
3- The types of agriculture can be divided according to different
criteria; dependence of water and production and it´s relation
to the market
GOVERNMENT ACCOUNTING
Expressions.
1- Any institutions or fund created by law or decree that
manages resources and obligations of the public sector.
2- Government account will recognize equality between
available resources and the sources of financing the same
3- Produce the necessary financial statements to shows the
results of the public budgetary and economic management.
Q&A
1- What do you mean by the agriculture? Set of knowledge
develop by the man destined to cultivate the crop and
whose purpose is obtain vegetal products.
2- What´s the importance of agriculture and live stock today
in Salvadorian families? Since these two factors are those
that main in the economy of their families although their
currently generate income.
3- What´s the importance of internal control in an
agricultural enterprise? It´s to obtain the accounting
information about the environment that involves the
production process.
Q&A
1- What is government accounting? It is the set of principles,
standards and technical procedures for collecting and
systematically record public sector transactions.
2- What is the importance of government accounting? To
provide, in form Timely, financial information required by
government administrators, To assist them in executing
public sector plans, programs, projects and activities in
the most efficient, effective and cost-effective manner.
3- What are the characteristics of government accounting? It
is based on the decentralization of accounting records at
the level of institutions or funds created by law.

Vocabulary.
1- Trader: Is a person or entity, in, finance that buys and
sells financial instrument such and stock, bands,
commodities, derivations and mutual funds in the
capacity of agent hedger arbitrage.
2- Limited company: The liability of members or
subscribes of the company is limited to what they have
invested or Guaranteed to the company.
3- Law: Is a system of rules that are created and enforced
through social or governmental institution to regulate
the behavior
Vocabulary.
1- Employee: a person employed for wages or salary,
especially at nonexecutive level.
2- Employer: a person or business that employs one or
more people, especially for wages or salary
3- Contract: Names the agreement, whether oral or
written between partiers and accept certain
obligations and rigths on a particular subject
Vocabulary.
1- Land: They are places authorized by the national
customs legislation, whose offices are located in
different areas of the border line
2- Maritime: The customs are located in different ports
of the republic and contribute to expedite and
control the loading a unloading of goods
3- Aerial: They´re those that control the movement of
goods transported by aircraft at an airport.
Commercial legislation
Expressions Q&A
1- The code of commerce is one that governs every trader. 1- What´s legislation? A set of laws regulation a
2- Natural’s persons holding trading company which are called particular state or activity
individual trader. 2- What´s commercial law? The set of rules relating to
3- The merchants is the main foundation of commercial law traders in the exercise of their professions
3- What´s code of commerce? Set of unitary, ordered and
systematized elements of commercial law, that is a
legal body whose purpose is to regulate relations.
Labor legislation
Expressions Q&A
1- An obligations of the employer are pay the work his 1- What´s labor legislation? Set of norms relating to the
salary relations that directly or indirectly derive from the
2- The labor code governs both the worker and the free subordinated.
employers 2- What are principles of labor law? They´re the tools of
3- Some duties of the worker are obey the instructions. formation of the norms that regulate or fundamental,
of indirect form and indirect form.
3- What’s working code? Is the labor legal document that
regulates the rigths and obligations of employers and
workers
Customer legislation
Expressions. Q&A
1- Generate transparent information on imports and 1- What´s customs legislation? Is responsible for
exports of goods. regulation the traffics of goods, whether in the case of
2- Eliminate tax evasion implementing the correct imports or exports.
legislation 2- What are the customs in El Salvador? Customs Border,
3- Improve the systematization of customs process Internal, maritime, air customs
3- What´s a customs? Is governmental and fiscal
institution that represents the part that regulates and
controls any activity

Vocabulary.
1- Staff: The group of individuals who work in the
same corporation
2- Planning: The efforts that are made in order to fulfill
objectives and to realize various purposes are
framed within a planning
3- Human resources: Set of workers or employees who
are part of a company or institution and who are
characterized for develop of specific sector.
Vocabulary.
1- Job profile: A description of a particular work
function that includes the elements deemed
necessary to perform the post effectively.
2- Recruitment: The process of finding and hiring the
best-qualified candidate for a job opening, in a
timely and cost effective manner. The recruitment
process includes analyzing the requirements of a
job.
3- Curriculum vitae: summary of a job applicant's
professional experience and educational
background, along with other relevant information
regarding the candidate's qualifications
Vocabulary
1- Market: An actual or nominal place where forces of
demand and supply operate and where buyers and
sellers
2- Surveys: By means of brief and simple
questionnaires
3- Customer profile: A customer´s descriptions that can
include demographic, geographical characteristics.
Selection process of suitable staff
Expressions. Q&A
1- Depending on the position and the company, the 1- What´s the process of selection of staff? Consist of a
procedures may be shorter or larger, it may be for the series of steps to choose the ideal candidate and who
purpose of the company. is better prepared to fill the positions.
2- The interview with the administrative area in some cases 2- What is planning of the selection staff? Is a process by
is carried out by several heads of different areas. which the companies hire a suitable staff to occupy a
3- Once verified all the results the professional in charge place
issues an aptitude report for the position. 3-
Staffing requirements
Expressions. Q&A
1- The recruitment and selection of personal are 1- What is the basic component of human resources
organization requires within its area should always competition? 1. Skills, 2. Attitudes, 3. Tasks, 4.
conform to the rules of the entity. Personal traits, 5. Motivation, 6. Knowledge, 7.
2- Human resources has consisted of the planning, Contexts. 8. Emotions.
organization to promote the efficient of the staff 2- What is the importance of the selection staff? Clarity
3- The identification of a job post profile its basic tool for all and choose suitable candidates who will also meet the
human resources. needs of the organization.
3- What are the basic requirements for a job? Academic
level, knowledge in language, knowledge is computer
science, professional experience.
Market research
Expressions. Q&A
1- Understanding the competition is fundamental part of 1- What are market research techniques? Methods or
business plan ways of collecting data or information necessary to
2- Market segmentation divides a market in smaller parts conduct market research.
3- The customers do not buy product or services, customers 2- What´s a survey? Procedure within the designs of a
buy feelings and emotions descriptive research in which the researcher in which
the researcher collects data through a previously
design questionnaire

Vocabulary.
1- Product: An article or substance that is
manufactured or refined for sale
2- Price The amount of money, required or given in
payment for something
3- Transport: Take or carry (People or goods) from
one place to another by means of a vehicle, aircraft
or ship
Vocabulary.
1- Initial investment: It is called the initial investment
to the amount of money that is necessary to invest
to start up a business project.
2- Working capital: The most basic definition of
working capital considers it as those resources that
the company requires in order to operate. In this
sense, working capital is what we commonly known
as current assets
3- Current liabilities:
Product distribution procedure
Expressions
1- Before product is ready to introduce it to market,
managers should determine methods and means to get it
to customers
2- One of the main distribution strategies is so called
distribution channel
3- The distribution decisions have strategic character for
the company, since it’s not easy to
Initial investment, working capital and financing
Expressions.
1- It is the investment of money made by the
company or business to carry out its economic and
financial management
2- The working capital is calculated for total current
liabilities from total current assets.
3- The working capital is distributed to shareholders.
3-
Q&A
1- What´s the distribution of the product? Refers to the
way the products are distributed to the place or point
of sale where they´ll be available offered or sold to
customers.
2- What´s the indirect channel of distributions? Using
directly to the end consumer without the use of
interne diaries
3- What´s Indirect channel?: involves selling our
products to intermediaries who will then sell them to
the final consumer or, in any case, to the other
intermediaries
Q&A
1- What to consider when making the initial investment?
Borrowing capacity: One of the most important things
to consider before getting a debt. If we apply for
financing, before we ask for it we have to calculate
how much we can pay, that is, what our indebtedness
is. It all depends on the type of business.
Differentiate between what you need to buy and
rent: In some cases, the company does not need to
buy certain items and less at the start of the activity.
For example instead of buying a local, you can rent one
at the beginning of the business

Vocabulary
1- EVALUATION: The identification of costs and
benefits results from Generated by a project with
the objectives that are intended to be achieved with
its execution and commissioning.
2- THE INVESTMENT PROJECT: Is constituted by a
certain set of material and human resources that
produces goods and services and contributes to the
achievement of the objective.
3- PROFILE: is the one that is made from the existing
information, the common judgment and the opinion
that gives the experience.
BASIC PROCEDURES FOR THE EXECUTION OF THE BUSINESS PLAN
Vocabulary:
1. Business Plan: is a written document that basically
includes the objectives of your company, the
strategies to achieve them, the organizational
structure, the amount of investment you need to
finance your project and solutions to solve future
problems.
2. Mission: Commission or power that a government
gives to a person, especially a diplomat, to go to
perform a job or a certain function somewhere.
3. Vision: is the ability to see beyond, in time and
space, and above others, means to visualize, to see
with the eyes of the imagination, in terms of the final
result that is intended to be achieved.
FINANCIAL EVALUATION OF PROJECTS
Expressions
1- Types of evaluation: Financial, economic and social.
2- The financial assessment varies according to the
entity concerned.
3- Evaluation of a single project, or alternative, from
several points of view:
1. Point of view of the beneficiaries.
2. Point of view of the executing entity (s).
3. Point of view of donors.
Expressions.
1. Strategic vision provides guidance about which
nucleus to preserve and to what future to
stimulate progress
2. The most enduring contribution of those who build
visionary companies is the fundamental ideology.
3. The first step will always be to rethink your vision
or mission in an effective context to build a
visionary company
Q&A
1- What are the components of the feasibility study of a
project? The components of this study deepen
research by means of technical and financial market
analyses, which are the basis by which investors are
supported to make a decision.
2- What is the study of market? It is intended to
determine whether or not there is a demand that
justifies, under certain conditions, the setting up of a
programmed of production of certain goods or
services in a time-space.
3- What is the administrative study? it is the
administrative structuring of the new entity so that it
can function and be able to fulfill its objective.
1- What is the cycle of life of a project?
 Identification
 Formulation
 Execution
 Operation
2- What are the elements of the ideological structure?
Includes the name of the company, as well as the
mission, vision, values and a description of the
competitive advantages of the business
3- What are the elements of the financial structure? This
point is essential as it tests-based on calculations and
projections of scenarios-the viability of the idea,
speaking in economic terms, and if it will generate an
attractive margin of usefulness.