X Bear out (подтвердите) the following statements using the information from the text

1. Bookkeepers deal with taxes and cash flow

2. The ledger shows all the expenditures and all the earnings of the company

3. The bookkeepers prepare a Trial Balance

4. The accountant is to determine the ways in which the business may grow in the future

5. The chief accounting officer of a large company is the Controller or Comptroller

6. Certified accountants in England are called Chartered Accountants

7. Controllers are responsible for measuring the company’s performance

XI Sum up what the text says about:

Bookkeepers

Accountants

Controllers

Journals

Ledgers

Trial balances

How do you see your future profession? Please answer the following questions:

What kind of work are you interested in?

a: well paid work

b: interesting work

c: work in a large and famous company

d: prestigious work

e: work in an industry which has future prospects

f: to travel a lot

Unit VIII

Accounting

Pretext Tasks

I. Vocabulary list:

1.accounting	бухгалтерский учет
2. tomeasure	измерять
3. financialcondition	финансовое состояние, положение
4. data	данные
5. incomestatement	отчет о доходах
6. balancesheet	балансовый отчет
7. major	главный
8. ratioanalysis	анализ коэффициентов
9. todealwith	иметь отношение к чему-либо
10. profitability	прибыльность
11.ReturnonInvestmentRatios	коэффициент возвращения инвестиций
12.assetsandliabilities	активы и пассивы
13.toevaluate	оценивать, определять стоимость
14. current	текущий
15.valueoftheownership	ценность/стоимостьсобственности
16.accountingdepartment	yчетныйотдел
17.importantdata	важныеданные
18.itisused	используется
19.majortoolfor…	главноеорудие (способ) для…

20. transactionсделка, торговаяоперация

21. a figure цифра (зд.)

relationship of figures взаимоотношенияцифр

22. stockholder акционер

II. Give the Russian equivalents to the following words and phrases:

financial picture, accounting department, data, independent, records, analysts, income statement, balance sheet, major tool, ratio analysis, relationship of figures, profitability, investment ratio, assets and liabilities, value of the ownership.

III. Give the English equivalents to the following words and phrases:

бухгалтерский учет, финансовое состояние (положение), учетный отдел, анализ коэффициентов, важные (значимые) данные, используется менеджером, два вида (типа) записи, балансовый отчет, отчет о доходах, главное орудие (способ) для анализа, иметь отношение к чему-либо, прибыльность, коэффициент возвращения инвестиций, определять стоимость.

IV.Read and translate the following:

two types of records, important data, activity of a business, effects of the

transactions, financial condition, accounting records, money received and spent,

balance sheet, relationship of two figures, as a measure of, assets and liabilities,

financial position, structure of the company, the value of the ownership.

V.Accounting

Read and translate the text:

Find the answers in the text:

1.What does accounting show?

2.What does an accounting department do?

3.What are the two types of records which most businesses prepare?

4.What is ratio analysis?

5.What are the three main categories of ratios in finance?

Accounting shows a financial picture of the firm. An accounting department records and measures the activity of a business. It reports on the effects of the transactions of the firm’s financial condition. Accounting records give a very important data. It is used by management, stockholders, creditors, independent analysts, banks and government.

Most businesses prepare regularly the two types of records. They are the income statement and the balance sheet. These statements show how money was received and spent by the company.

One major tool for the analysis of accounting records is ratio analysis. A ratio analysis is the relationship of two figures. In finance we operate with three main categories of ratios. One ratio deals with profitability, for example, the Return on Investment Ratio. It is used as a measure of a firm’s operating efficiency.

The second set of ratios deals with assets and liabilities. It helps a company to evaluate its current financial position.

The third set of ratios deals with the overall financial structure of the company. It analyses the value of the ownership of the firm.

After text exercises

VI. Complete the sentences according to the text:

1.Accounting shows a financial picture …..

2. Accounting records give a very …..

3. Most businesses prepare regularly the two …..

4. One major tool for the analysis of accounting records is …..

5.In finance we operate with three main …..

VII. Match the sentence halves:

1. The second set of ratios deals …	a)… the income statement and the balance sheet.
2. Most businesses prepare regularly …	b)…and measures the activity of a business.
3. Two types of records are…	c)… its current financial position.
4. An accounting department records …	d)… two types of records.
5. It helps a company to evaluate …	e)…. with assets and liabilities.