2 Match the words and phrases in the box with the correct definition:

1) a person who keeps records and provides information about a company's or person's money; 2) a person who examines the accounts of an organization to check they are true and correct; 3) a report, containing financial results, presented each year by the directors to the members and shareholders of a company; 4) a summary list of income and expenses for a business; 5) money

received from the sale of goods or services; 6) an amount of money spent; 7) the total business done by an organization in a given period; 8) a long-term loan from a bank for buying property, which is used as security; 9) accounting which follows the literal rules of legislation and accounting standards but succeeds nevertheless in presenting an unduly favourable picture of a company's position or progress; 10) statement of what a company owns, or assets, and owes or liabilities.

3 Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

cash flow, balance sheet, performance (2), expenditure, mortgage, turnover, expenditures, revenue (2), auditors, accountant

1 My ... prepares my tax returns every year. 2 The ... were called to inspect the accounts. 3 The government has a huge need for tax ... . 4 The company has made several big ... on new equipment. 5 That company has a $ 10 million a year ... . 6 The flat was bought with a $100,000 ... . 7 The majority of the government's ... comes from taxes. 8 The company won't be able to increase ... on technology in the coming year. 9 Financial accounts give information about financial... of a company. 10 Analysis of our ... during the last year shows that approximately one third of our revenue came from the Asian markets. 11 The accountant prepared the company's ... for the year. 12 The ... in our company is good because we take in much more money than we spend.

4 Translate into English:

1 Акціонери повинні володіти всією інформацією про фінансову діяльність компанії. 2 Звіт про прибутки та збитки показує дохід та витрати компанії. 3 Активи та пасиви компанії представлені у балансовому звіті. 4 Річний звіт готується менеджментом компанії. 5 Цей незалежний аудитор - досвідчений фахівець. 6 Показники балансового звіту свідчать про гарний фінансовий стан компанії. 7 Аналіз фінансової діяльності нашої фірми за останній рік свідчить, що близько 1/3 наших прибутків було отримано від європейських ринків. 8 Ми не зможемо збільшити наші витрати на нові технології в цьому році. 9 Вони повинні були продати всі активи для того, щоб розплатитися з боргами. 10 Бухгалтер нашої фірми був звинувачений у "причісуванні балансу."

5 Fill in the missing prepositions: (to (2), from, in (3), of (2), by, about, for) Translate the text into Ukrainian

An annual report is prepared ... the management ... a company whose stock is traded publicly. It contains written and financial statements ... the progress ... the company in the previous financial year. An annual report performs a useful function ... a free market system, transmitting information ... the company ... its shareholders and investing public. Although the report is addressed ... shareholders, other people who have a stake ... the business – stakeholders such as employees, suppliers, customers, and lenders – will find it informative. Such a report acts as good PR ... the company.