I. Прочитайте текст и переведите его письменно. My Speciality. Accounting

My Speciality. Accounting

We are the students of the Private Institute of Management and Business. It is a non-state educational establishment of a new kind. There are 5 faculties (departments) at our institute such as: the Economic Department of Accounting, the Department of Management, the Department of International Economic Relations, the Law Department and the Correspondence Department.

We study at the Economic Department of Accounting and are trained to be specialists for different branches of our economy. I am going to be an accountant.

Accounting is the process of recording, classifying and summarizing economic events in a logical manner. Accounting is often called the language of business. Regardless of the type of business or the amount of money involved, common procedures for handling and presenting financial information are used. Incoming money (revenues) and outgoing money (expenditures) are carefully monitored. Transactions are summarized in financial statements, which reflect the major financial activities of an organization. Two common financial statements are the balance sheet and income statement. The balance sheet shows the financial position of a company at one point of time. The income statement shows the financial performance of a company over a period of time. Financial statements allow the interested parties to compare one organization with another and to compare accounting periods within one organization.

People who specialize in the field of accounting are known as accountants. If you are going to set up your own business, an accountant is the best person to give you financial advice. To run your business well you must know what money you have received, how much money you have spent, and how you spent it. It is legal requirement that proper financial records are kept and the basic principle is to record every single transaction. One of the purposes is to ascertain whether you have made a profit or loss during a given period. Profit could be described as the difference between the value of the business at the start of a trading period and the value of the business at the end of that period. So, the function of an accountant is to provide quantitative information that managers can use to make a decision.

Accountants are usually classified as public, private or governmental. Public accountants work independently and provide accounting services such as auditing and tax computation to companies and individuals. Private accountants work solely for private companies or corporations and governmental accountants work for governmental agencies or bureaus.

Слова и словосочетания:

1. a faculty (department) - факультет

2. the Correspondence department – факультет заочного обучения

3. an accountant – ревизор отчетности, бухгалтер

4. accounting – бухгалтерский учет

5. the Economic department of Accounting – учетно-экономический факультет

6. to be trained – обучаться

7. to record – записывать

8. to classify – классифицировать

9. to summarize – суммировать

10. regardless – несмотря ни на что

11. the amount of money – сумма денег

12. to handle – справляться, заниматься

13. incoming money (revenues) – доходы

14. outgoing money (expenditures) – расходы

15. to monitor – контролировать, следить

16. a transaction – сделка

17. a financial statement – финансовый отчет

18. the balance sheet – балансовый отчет

19. to set (set, set) up – учреждать, организовывать

20. to run the business – управлять, заниматься бизнесом

21. a single transaction – разовая сделка

22. to ascertain – определиться, удостовериться, выяснить

23. profit – прибыль

24. loss – убыток

25. the value of the business – оценка бизнеса

26. to provide – обеспечивать

27. quantitative information – количественная информация

28. to make decisions – принимать решения

29. tax computation – расчет налогов

30. to work solely for – работать только для

II. Найдите в тексте английские эквиваленты к следующим словам и словосочетаниям:

1. бухгалтерский учет

2. бухгалтер, ревизор отчетности

3. доходы

4. расходы

5. балансовый отчет

6. сумма денег

7. прибыль

8. убыток

9. финансовый отчет

10. финансовое состояние компании

III. Ответьте на вопросы по тексту

1. What faculties (departments) are there at your Institute?

2. How is your Institute equipped?

3. What is accounting?

4. What is carefully monitored in accounting?

5. What do the financial statements reflect?

6. What does the balance sheet show?

7. What must you know in order to run your business well?

8. How are the accountants usually classified in business?