Vocabulary to be memorized

1. а course курс (навчання, лекцій і т.п.)

to offer а course пропонувати курс (навчання)

а course in auditing курс вивчення аудиту

2. acute гострий

an acute shortage гостра нестача; There is an acute shortage of highly- qualified auditors now.

3. available наявний

4. applicants претенденти, абітурієнти

5. CIS countries країни СНД

6. to date from відноситися до певного часу,

The foundation of this University dates from 1913.

7. entry вступ (у університет, школу і т.п.)

to take examinations for entry to а university здавати вступні іспити в університет

entry requirements вступні вимоги

8. ethics етика, professional ethics професійна етика

9. extramural заочний (про факультет, курс і т.п.)

10. to exceed перевищувати

11. external зовнішній, external auditing зовнішній аудит

12. full-time students студенти денного відділення

13. goods management товарознавство

14. internal внутрішній, internal auditing внутрішній аудит

15. IT systems системи інформаційних технологій

16. theory теорія; theoretical knowledge теоретичне знання

17. valuation techniques методи оцінки

Read the text to find out what the focus is when training accountants at the MUCC.

The faculty of accounting at the MUCC offers a course in accounting, auditing and IT systems in business. The course of studies lasts for five years for full-time students and six years for the students of the extramural department. Training is done by lectures and seminars. The level of training is high thanks to a combination of theoretical knowledge and practice.

The faculty dates from the 20s of the last century. It was created in the first years of soviet power, when there was an acute shortage of qualified accountants in this country. Since those days the faculty has trained thousands of accountants for different branches of the economy. It gradually grew in size and at present it is one of the largest at the University. The entry requirements are high, but still the number of applicants generally exceeds the number of places available.

The first year gives students a basic knowledge of the business context in which accounting takes place. They study economic theory, economic geography, ethics, higher mathematics, foreign languages etc. The second-year programme includes accounting theory, informatics, marketing, management, finance, goods management etc. In the 3rd and the 4th year great emphasis is given to the study of financial and business accounting, internal and external auditing, law and economic analysis. Much time is spent on expanding students' conceptual knowledge, and they are also taught how to use valuation techniques in assessing the results of business performance. Much attention is paid to the study of computer technologies. Computer skills are very important for future accountants. At the end of the course of studies the students take state final examinations and those who pass these exams successfully get a diploma. After graduation they work as accountants or assistant auditors in different businesses, firms, government agencies, auditing companies and the like.

The accounting faculty at the MUCC enjoys popularity with the young people who would like to be accountants. The students of the faculty come from different parts of Russia and CIS countries.

Answer the following questions.

1. What course does the accounting faculty at the MUCC offer?

2. How long is the course of studies?

3. What is the training based on?

4. When was the accounting faculty at the MUCC created?

5. How many qualified accountants has the faculty trained?

6. What is the accounting faculty like at present?

7. What do the students of the accounting faculty study in the first year? In the second year, in the fourth and fifth years?

8. Where do the graduates of the accounting faculty work?

9. Why, do you think, this faculty enjoys popularity?