Note on the Text

1 II is the process of capturing, processing, and communicating financial information.

- Это - процесс получении, пе]>ераОотки и предоставления финансовой ин­формации.

Vocabulary List

in return — r ответ conduct affairs - вести дела profitably adv—c выгодой, с прибылью information system — информационная система

aceounting n — бухуче:

audit n — аудит ;

set up a business — организовать/осно-

нать дело fellow citizens — сограждане

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II. Accounting and Auditing

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Comprehension Questions

1. Why must businessmen have some knowledge of accounting'.'

2. What is accounting?

3. What does an accounting information system show?

4. Who needs financial information?

5. What are the major branches of accounting?

Exercises

Ex. 25. Find in the text English equivalents for the following Russian irords and phrases:

accumulate v~ аккумулировать, нака­пливать

record v — записывать, отражать

classify v - классифицировать

summarise v — суммировать

report v — давать отчет 'entity л — хозяйствующий субъект

financial statements — финансовая от­четность

concerning prep— относительно, каса­тельно

operations n — зд. работа, деятельность

bookkeeping " — счетоводство /record-keeping я — ведение учета

society ч — общество

labour union — профсоюз

analyst n - аналитик

from this perspective — с этой точки зре­ния

managerial accounting - управленче­ский учет

financial accounting — финансовый учет

public accounting — работа независи­мых бухгалтерских работников в качестве аудиторов

• производить полезные товары или услуги;

• быть в состоянии заработать прибыль;

— чтобы вести дела эффективно и с прибылью;

- лица, принимающие решения;

private accounting — учет в хозрасчет­ных организациях

governmental accounting — учет в госу­дарственных учреждениях

refer to v — относиться, касаться

'certified public accounting firms - фир­мы дипломированных независи­мых бухгалтеров

audit v—подвергать аудиторской про­верке

the books n - бухгалтерские книги 'records д — (бухгалтерская) отчетность

state v — заявлять, сообщать

analysis я — анализ

recording of information — запись ин­формации, отражение информации

accounting function — бухгалтерское дело

• накапливать; — отражать;

• классифицировать;

- суммировать и- давать отчет­ ность по коммерческим опе­ рациям;

governmental institution — государст­венный институт, государственное учреждение

• подвергать аудиторской про­ верке бухгалтерские книги;

• гарантировать, что финансо­ вая отчетность составлена должным образом;

— анализ и отражение финансо­вой информации.

финансовое сосшяние хозяй­ствующего субъекта; финансовая отчетность; налоговые влас г и; профсоюзы; финансовые аналитики; бухучет подразделяется на ...; основные направления бух­учета ...;

Ex. 26. Match the verbs in A with the nouns in B. А В

to set up a commodity

to produce affairs

to earn information

to conduct the books

to communicate a function

to audit profit

to perform a business

Ex. 27. a) Read the text and translate it into Russian, b) Say what you know about the accounting profession in Great Britain.

The accounting profession in Great Britain is rich in tradition. Great Britain is the founding place of modern financial reporting and independent audit.

The profession comprises private and public accountants. Private accoun­tants are employed by business firms. They prepare budgets and performance reports which are used by managers to make managerial decisions.

Many accountants work for government and not-for-profit organisations.

Public accountants are independent professionals who provide services for a fee. They offer a number of services to their clients. One of the main ones is auditing. Accountants examine financial statements and offer their opinion on their accuracy and reliability.

lin,metal reporting — финансовая отчет-

'accuracy n — точность reliability n ~ надежность

offer an opinion - дать аудиторское за­ключение

the founding place of ... — место, где были основаны...

ность for a fee — за плату, на платной основе

Words and word combinations you may need

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Units

II. Accounting and Auditing

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Ex. 28. a) Read Ihe interview, b) Say;

• how one can become an auditor; (_

• whether Russia follows international practice in auditing.

Foreigner: As far as 1 know, you didn't use to have auditing firms before your economic reforms. But now auditing is widely practised here, isn't it?

Russian: That's right. Our auditing profession is developing very fast.

F.: Are there any professional organisations of auditors in Russia now?

R.: Yes, there are. They help auditors in their professional activity. Now audi­tors are trained in institutes of higher education.

F.: Can graduates perform audits?

F.: R.;

R.: No, they can't. To carry out audits one must have a licence. Do your auditors take exams for thai?

Like in your country they do. Requirements for people who take such exams are very strict. Then auditors must have several years of approved experience and constantly upgrade their skills.

F.: I see. You follow international practice. What services do your auditors offer?

R.: As a rale, they audit financial statements and provide opinion on their accuracy and reliability. Besides, they provide consultancy on financial management, taxation and designing of accounting systems.

F.: These are most common things for auditors in market economy.

Words and word combinations you may need

R.: That's true. Russia has been recognised as market economy lately.

consultancy services - консультацион­ные услуги

financial management - финансовый менеджмент

designing of accounting systems — разра­ботка систем бухучета

auditing firm — аудиторская фирма

perform it и audit - проводить аудитор -скую проверку

carry out an audit - проводить аудитор­скую проверку

licence и — лииешия

Ex. 29. Say/Write what you know about Ihe accounting profession in Russia.

Ex. 30. Translate the text into Russian and analyse grammatical and lexical problems of the translation with your teacher.