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English for future economists.docx
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XIII. Answer the questions on the text above.

  1. How can you define accounting?

  2. Who needs some knowledge of accounting?

  3. What is the purpose of accounting?

  4. Why is accounting called the language of business?

  5. What are the main functions of an accounting system?

  6. Who uses accounting information?

  7. What is the difference between accounting and bookkeeping?

  8. What does a bookkeeper perform?

1. measuring

a. тлумачення

2. interpreting

b. вимірування

3. income tax return

c. активи та пасиви

  1. assets and liabilities

d. прибуток від податку

  1. profitability

e. надавати (позику тощо.)

  1. adequacy

f. профспілки

  1. labour unions

g. прибутковість

8. record

h. зберігання (записів)

9. maintenance

i. реєструвати

10. extend

j. відповідність

XV. Match the following terms with their definitions.

1. outsider

a. a person or enterprise that owes a debt

2. creditor

b. someone who does not belong to a particular

3. investor

c. someone whose job is to keep and check financial accounts

4. business executive

d. those people who collectively or individually are responsible for running a business organization

5. accountant

e. someone who invests money to a company business or bank in order to get a profit

6. debitor

f. a person or enterprise whom a debt is owed

7. management

g. someone who has an important job as a manager in a company or business

XVI. Fill the blanks with proper prepositions or adverbs if necessary.

1. Accounting is often called (1)_______ “the language (2)____ business”.

2. Accounting is used (3)______measuring, describing and interpreting

(4)_____economic activity (5)______ individuals, business, governments and other entities.

3. Often people must supply personal accounting information in order (6)_________purchase a car or home, to qualify (7)________ a college scholarship.

  1. An accounting system is to create a systematic record (8)_______ the daily business activity, (9) terms of money.

  2. To keep books is to record information, and a bookkeeper is one who records information either (10)____ a computer or manually or (11)____a bookkeeping machine.

6.The accounting information is primarily provided (12) _____reports and is intended to be useful (13) making economic decision.

7. A computer can accept and store accounting data, sort and rearrange it, prepare reports from the data very (14)_______ and (15)__________ little or no human intervention.

XVII. Write derivatives of the following verbs.

Verb

Noun

Adjective

1. to measure

2. to interpret

3. to tax

4. to account

5. to qualify

6. to summarize

7. to record

8. to communicate

9. to complete

10. to control

11. to describe

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