Learn the new words:
Highly qualified specialist –
Management of production –
accountancy –
to identify –
to be responsible for –
to acquire funds –
cash flow analyses –
expenditures –
assets –
to be in charge of –
to obtain funds –
taxes –
высококвалифицированный специалист
управление производством
бухгалтерский учет
определять, распознавать
быть ответственным за
приобретать средства
анализ финансовых потоков
расходы
активы
быть во главе
получать средства
налоги
Read and translate the following text.
Occupation "Economist" is one of the most popular in the labor market. Economists are working in all areas of the economy. Business, organization, firm or company cannot operate without economists, accountants, managers, financiers, auditors. Economists are required wherever necessary to plan, calculate and control the company business activity, cash flows, income and expenditure of funds, to analyze the results of the enterprise, to determine its profitability.
I study at the faculty of economics of the Ivanovo State University. It trains highly qualified specialists with deep knowledge in economics, organization and management of production, accountancy, the analysis of economic activity, etc. We study general and special subjects. Among the special subjects, the following may be named: Accountancy, Statistics, Management, Marketing, Finance, Budget, etc.
Accounting is the process of identifying, collecting, measuring and reporting information on business activity. Finance is the function in a business that is responsible for acquiring funds for a firm and managing funds within a firm (for example, preparing budgets, doing cash flow analyses) and planning for the expenditures of funds on such assets as plant, equipment and machinery.
Most organizations have a manager in charge of financial operations. His duties are: planning, budgeting, obtaining funds, controlling funds (funds management), collecting funds (credit management), auditing, managing taxes and advising top management on financial matters.
The tasks of all the economists are to use the new economic activity effectively. The graduates of the economic departments will work at different accounting offices, departments, banks, ministries, etc.
3. Find the equivalents for:
4. Choose the proper words and answer the following questions:
1. What ... do you study at?
a) school b) University c) Institute
2. What specialists does the University...?
a) account b) report c) train
3. What kinds of ... can you name?
a) science b) subjects c) planning
4. How can you ... finance?
a) define b) report c) study
5. What are the ... of a financial manager?
a) plans b) duties c) reports
6. What kinds of techniques can future specialists...?
a) budget b) use c) reveal
5. Complete the following sentences:
1. I am a student of the ... .
2. My friend studies at the ... .
3. The faculty trains ... .
4. The students study general and special subjects, such as ... .
5. Accounting is the process of ... .
6. Finance is the function in business that is responsible for ... .
7. The financial manager’s duties are ... .
8. The tasks of all the economists are ... .
9. The graduates of the economic departments will work at ... .
6. Find in the text English equivalents for:
1) общеобразовательные и специальные предметы
2) формирование бюджета
3) высококвалифицированные специалисты
4) финансовые дела
5) финансовый менеджер
6) глубокие знания
7) анализ экономической деятельности
8) управление производством
9) активы
10) расход средств предприятия
7. Answer the following questions:
1. What economic subjects do the students study?
2. What is accounting?
3. Which are the main functions of accounting?
4. What is finance?
5. What is finance responsible for?
6. What are the duties of a financial manager?
7. Why are accounting and finance mutually supportive functions?
8. What are the tasks of all the economists?
9. Where will the graduates of the economic departments work?
8. Learn the words and retell the text «My Speciality»