- •3.1 Lead-in
- •3.2 Language input
- •3.2.1 Consult a dictionary and practice the pronunciation of the following words and word combinations, quote the sentences in which they are used in the text or submit the examples of your own:
- •3.2.2 Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column:
- •Environment of Accounting
- •3.4 Comprehension Understanding the reading
- •3.4.1 Give extensive answers to the questions. Use the following expressions to present your answers:
- •Scanning
- •3.4.2 Scan the text to determine whether these statements are true (t) or false (f), and if they are false say why:
- •3.4.3 Scan the text and find the information to complete the following lists:
- •3.4.4 Scan the text and find the English equivalents for the following:
- •3.4.5 Develop the following ideas. Make use of the active vocabulary, given in brackets:
- •3.5 Practice
- •Word Building
- •Complete the table with words from the text and related forms. Put a stress mark in front of the stressed syllable.
- •3.5.2 A. Read the text, ignoring the missing parts. Accounting Assumptions and Principles
- •Financial Statements
- •3.5.3 A. Fill in the gaps with the suitable expressions from the box:
- •3.5.4. Test your knowledge by answering the following questions:
- •3.5.5. Give the English equivalents for the following:
- •3.5.6. Match the words in two columns to make expressions and complete each sentence with the correct expression.
- •5.5.7. Read the text, give the English equivalents for the words in brackets, and single out the main items of the income statement.
- •Income Statement
- •3.5.8. Consider the consolidated income statement given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column:
- •In eur thousand
- •3.5.9. Read the text and single out the main items of the balance sheet.
- •Illustration 3.2.
- •July 31, 200x
- •3.5.10. Decide whether the following statements are true or false. Account for your decision:
- •3.5.11. Choose the correct form of the Verbals.
- •3.5.12. Test your knowledge by answering the following questions:
- •3.5.13. Match the two parts of the sentences:
- •3.5.14. Test your ability to assign specific assets to various categories.
- •3.5.15. Place each of these 16 assets in the appropriate column of the following form:
- •3.5.16. Consider the part of the consolidated balance sheet given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column:
- •3.5.17. Consider the other parts of the consolidated balance sheet given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column.
- •3.5.18. Read the text and supply the prepositions where necessary.
- •Illustration 3.3.
- •3.5.19. Say it in English:
- •3.5.20 A. What do the following abbreviations stand for?
- •3.5.21 Use the plan below and the phrases that follow to make a presentation on one of the following subjects:
- •3.6 Dialogue 1
- •Jobs in Accounting
- •Supporting Materials
- •Read and translate the following dialogue: Tax Accounting
- •Supporting Materials
- •A Brief Summary of the Activities of the Office of the Auditor General in Norway
- •3.7. Case study& role play Case
- •Discussion questions:
- •Exhibit 1 Sales of the Microcomtec 100
- •Exhibit 2 Microcomtec’s Balance Sheet as of December 2000
- •Discussion questions:
- •Interoffice Memorandum
- •Making a Decision
- •3.8 Grammar back up The Infinitive, Past Participle and the “-ing” form (Revision)
- •Infinitive or the ing-form
- •Infinitive or the ing-form
- •Topics for the Power Point presentations
3.5.12. Test your knowledge by answering the following questions:
In the body of a balance sheet, what are the three sections called?
Of the two forms of the balance sheet, which form more closely approximates the accounting equation?
How can a balance sheet help the firm to spot areas of financial weakness and strength?
Why do companies record the original purchase price of assets, and not their (estimated) current selling price or replacement cost?
In which systems is replacement cost accounting used?
3.5.13. Match the two parts of the sentences:
1. The historical cost principle is that the price paid to buy assets
2. Intangible assets are usually long-term in nature
3. Liabilities are considered to be current liabilities
4. Some thing of value are never shown on a balance sheet
5. When you deduct a company’s liabilities from its assets
a. you are left with shareholders’ funds.
b. and not their current value is recorded in accounts.
c. if the obligation is to be settled within the current accounting period.
d. and lack physical substance.
e. for example the knowledge and skills of the company’s employees.
3.5.14. Test your ability to assign specific assets to various categories.
Here are 28 specific assets: traveler’s checks, tables, truck, typewriter, calculator, computers, lamp, pencils, typing paper, chairs, stationery, wrapping paper, automobiles, coins, money in bank, desk blotters, light bulbs, desk, correction fluid, currency, staplers, showcases, folders, disk, removable cartridge, facsimile, and computer disks.
Place each of these assets under the appropriate specific asset category heading in the following form:
Cash |
Furniture and Fixtures |
Delivery equipment |
Office equipment |
Office supplies |
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What is the difference between office supplies and office equipment?
Why is a removable cartridge considered an office supply, even though it is an integral part of the computer?
What type of asset (short-life or long-life) is a supply?
What type of asset (short-life or long-life) is a typewriter?
What type of asset (short-life or long life) is a computer disk? Why?
3.5.15. Place each of these 16 assets in the appropriate column of the following form:
Cash in bank, office equipment, First National City bonds, patents, accounts receivables, office supplies, notes receivables (due in 90 days), building, office machines, furniture and fixtures, mortgage notes receivables (due in 6 years), store equipment, petty cash, goodwill, factory supplies, and merchandise.
Current Asset |
Investment |
Intangible Asset |
Plant asset |
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