- •1)Describe the different types of job in accounting
- •Tell about the International Accounting
- •International accounting
- •Give the definitions of four basic principles of accounting: the matching principle, the going concern principle
- •Describe the meanings of debt, liabilities and shareholder
- •6.Tell about Chartered Accountant.
- •Describe the structure of the Statement of Financial Position.
- •8. Describe the structure of Statement of Earning.
- •Describe some types of tax: income, property, value added, corporate.
- •What provision for income tax and deferred income tax balances mean?
- •21.Describe the main assumptions used by accountants.
- •22.Describe the most important accounting principles.
- •2. Monetary Unit Assumption
- •23.Give the definitions of four basic principles of accounting: the prudence principle and the consistency principle.
- •24. Give definitions of following words: to impose tax, to increase tax.
- •25. Give definitions of following words: tax evasion, tax exempt
- •35. Мы не проходили
- •42. Definition of 'Gross Profit Margin'
- •Definition of 'Earnings Per Share - eps'
- •The formula[edit]
- •Inventory turnover
- •45. Describe the following methods of depreciation: straight line, declining balance
- •46. Describe the following methods of depreciation: unit of production, hours of use.
- •Time Depreciation (hours of use) Formulas
- •47. Describe the following methods of depreciation: sum of-the-years digits. Sum of the Years' Digits Method of Depreciation
1)Describe the different types of job in accounting
in accounting jods – Cost accountant, internal external auditors, accounting manager, budget director, tax accouting, accountant, bookkeeper, trainee accountants.
Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action.
external auditor is an audit professional who performs an audit in accordance with specific laws or rules on the financial statements of a company, government entity, other legal entity or organization, and who is independent of the entity being audited.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes
Tax accounting is governed by the Internal Revenue Code which dictates the specific rules that companies and individuals must follow when preparing their tax returns.
Bookkeeper- usually a person without a four-year or fiye year accounting degree employed to record routine financial transactions for smaller companies
Tell about the International Accounting
International accounting
International companies can choose how they present finfnsial information to jutside parties. The rules and regulations between countries vary significantly. Accountants worldwide are familiar with the words «Generally Accepted Accounting Princihles»(GAAP). Some of the basic principles are:1) the going concern principle 2)the prudence principle 3) the matching principle 4) the consistency principle
The development of these principles has greatly differed between countries. This means that accounts can have very different values,depending on whether the company chooses to follow local accounting standards, International Financial Reporting Standards (IFRS) –formerly the International Accounting Standards (IAS)- or U.S.GAAP. Whether the company can choose is governed be the laws of the country where it registered. For example the ,The U.S.A. and Japan currently allow publiclytraded companies to prepare their financial statements using the standards of the International Accounting Standards Committee (IASC), but they must also include a reconciliation to domestic GAAP.
Give the definitions of four basic principles of accounting: the matching principle, the going concern principle
Matching principle- the idea that ammounts should be recorded at the time they occur, not when cash is paid or received
The going concern principle –the idea that financial information can only be reported correctly on the basic that the company will be able to operate in the future
Prudence principle- the idea that financial information should be reported conservatively ,so that it is not possible that the overall value of a company is overstated
Consistency principle- the idea that accounts should be prepared on the same basic from one year to next