Практичне заняття № _______
Бухгалтерський облік на підприємствах в україні accountancy at enterprises in ukraine
Task 1: Do not read the text thoroughly. Just have a look at it and decide what it is about.
What makes you think so?
Can you understand the idea of the text without complete reading?
Today, accounting and accounts payable outsourcing services are recognized as an effective management tool. Companies often incorporate outsourcing as a strategy in business planning. Your organization can provide better client service, produce a better product, do the job better - and do it in a more cost efficient way - by outsourcing your
non-core business functions.
Task 2: Now read the text thoroughly and translate it. Answer the questions:
- What is outsourcing?
- What services do outsourcing companies suggest?
- What is outsourcing getting more and more popular among businesses?
Accounting Outsourcing
Accounting Outsourcing Services
Today, accounting and accounts payable outsourcing services are recognized as an effective management tool. Companies often incorporate outsourcing as a strategy in business planning. Your organization can provide better client service, produce a better product, do the job better - and do it in a more cost efficient way - by outsourcing your non-core business functions.
Accounts Payable Outsourcing Services
When you outsource accounting and accounts payable services functions, you put those responsibilities in the hands of professionals. By reducing demands on your administrative staff, you free them up to support other areas directly related to your sales, your clients, your services, your products, and your core business. We can perform your monthly, quarterly and annual accounting and bookkeeping tasks or can supplement your current staff to lessen the drain on administrative time. We can customize a package of accounting and accounts payable outsourcing services that is priced to keep you competitive, while taking the administrative pains out of running your business.
Monthly Bookkeeping and Accounting Outsourcing
Pay bills – prepare computer cash disbursement checks
Record receipts – prepare bank deposits and input credits
Payroll – compute and prepare checks
Prepare payroll tax deposits
Prepare bank reconciliation
Task 3: Read the text twice: the first time – without the vocabulary, another one – with.
How much did you understand while reading without the vocabulary?
Read the text again, write down the key-words and get ready to retell the text.
Outsourcing
Small business, foreign company offices, newly founded companies as well as larger enterprises need a qualified accountant. However, employing professional accountants for small businesses is not always practicable.
Moreover, the accounting services of an independent professional accounting firm in Ukraine provides a number of additional advantages, namely:
Financial and tax reports are prepared by experienced accountants and remain under continuous supervision of auditors
There is no need to purchase and maintain expensive accounting software
An accounting firm will assume responsibility for correct calculations of taxes and duties and timely filing tax and accounting reports
Accountants have no personal interest, which will prevent any fraud or abuse
E
xperienced
professionals will represent the client in the course of tax auditsA client will receive professional accounting and tax advice
Professional accountants will always inform clients of possible negative effects of specific transactions
Tax and financial accounting of the client will not suffer when relevant employees get sick or leave the company.
Accounting and audit firms render accounting services in Ukraine. These services include all stages of accounting process:
collection of the primary documentation
administration of accounting in the accounting software (accounts Payable, general Ledger, accounts Receivable, etc.)
invoicing services
fixed assets and inventories accounting
bank reconciliation
payroll accounting
calculations of daily allowances for business trips
preparation of Ukrainian tax registers and documents
Banking operations
preparation of payment orders
preparation of currency conversion orders for the bank and monitor their execution
preparation of bank transfer forms for taxes to be paid
Corporate and Group financial reporting
preparation of financial statements in line with the corporate rules or accounting to IFRS (national GAAP)
Management consulting
consultations on Ukrainian and IFRS accounting, tax accounting. Primary documents
Outsourcing services are focused at helping clients with the accounting requirements and significantly reducing the operating costs of their finance department.