- •Передмова
- •An accounting overview
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following questions about accounting. Questions with asterisks (*) cannot be answered directly from the text.
- •2) Oral study.
- •V. Language study
- •1) Substitute appropriate terms for the italicized words or phrases in the sentences below.
- •2) Translate the sentences.
- •Unit 2 a balance sheet
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following questions about accounting.
- •2) Oral study.
- •V. Language study
- •1) Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.
- •2) Translate the sentences.
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following questions about accounting.
- •2) Oral study.
- •V. Language study
- •1 )Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.
- •2) Translate the sentences.
- •Unit 4 An annual report
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following questions about accounting.
- •2) Oral activity.
- •V. Language study
- •1) Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.
- •2) Translate the sentences.
- •Overheads and their recovery
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following:
- •2) Oral activity.
- •V. Language activity
- •1) Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.
- •2) Translate the sentences.
- •Unit 6 The auditing framework
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •Answer the following questions:
- •Say whether the following statements are true or false according to the text.
- •V. Language study
- •1) Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.
- •2) Translate the sentences.
- •Unit7 Methods of depreciation
- •II. Reading
- •III. Word study
- •IV. Comprehension check
- •1) Answer the following:
- •Unit8 Funds: inflow and outflow
- •Reading
- •III. Word study
- •V. Language study
Unit 4 An annual report
I. Pre-reading activity
Discuss the following questions and write the answers on the separate sheets of paper.
What documents connected with accounting do you know?
Model: balance sheet,__________________
What information does an annual report contain?
Model: cash flow,______________________
Who requires an annual report?
Model: investors,_______________________.
II. Reading
Read the text and answer the questions that follow it. Study new terms.
An annual report
Annual report – a report issued annually by a corporation to its stockholders. It contains basic financial statements, as well as management’s opinion of the past year’s operations and the firm’s future prospects.
Two types of information are given in this report. First, there is a verbal section, often presented as a letter from the chairman that describes the firm’s operating results during the past year and then discusses new developments that will affect future operations. Second, the annual report presents basic financial statements – the balance sheet, the income statement, and the statement of the cash flows. Taken together, these statements give an accounting picture of the firm’s operations and financial position.
The quantitative and verbal information is equally important. The financial statements report what has actually happened to earnings and dividends whereas the verbal statements attempt to explain why things turned out the way they did.
The information contained in an annual report is used by investors to form expectations about future earnings and dividends. Therefore, the annual report is obviously of great interest to investors.
III. Word study
Study key words.
1. accounting |
a. бухгалтерія |
2. sheet |
b. відомість |
3. report |
c. звіт |
4. statement |
d. звіт, формулювання |
5. chairman |
e. голова |
6. income |
f. прибуток |
7. cash flow |
g. грошовий потік, рух коштів |
8. earning |
h. надходження, прибуток |
9. annual |
i. річний |
10. stockholder |
j. акціонер |
IV. Comprehension check
1) Answer the following questions about accounting.
What is the annual report?
What two types of information are given in the annual report?
What are basic financial statements?
Why is the annual report of great interest to investors?
5. What is the difference between financial statements and verbal statements?