- •The central bank and the commercial banks
- •2. Translate into English.
- •3. Speak on the topic «Financial documents». Білет 2.
- •Types of accounts in Islamic banks
- •2. Translate into English.
- •3. Speak on the topic «What is auditing».
- •Investment banking
- •2. Translate into English.
- •3. Speak on the topic «Auditing laws».
- •Leasing and short-term loans in Islamic banks
- •2. Translate into English.
- •3. Speak on the topic «What is finance».
- •1. Read and translate the text. Banks
- •2. Translate into English.
- •3. Speak on the topic «The structure of a balance sheet».
- •1. Read and translate the text. Business Plan
- •2. Translate into English.
- •3. Speak on the topic «An annual report».
- •1. Read and translate the text. Auditing
- •2. Translate into English.
- •3. Speak on the topic «Bankruptcy».
- •Accounting and Bookkeeping
- •2. Translate into English.
- •3. Speak on the topic «The main ways of bankruptcy overcoming».
- •Globalisation
- •2. Translate into English.
- •3.Speak on the topic «Annual General Meetings».
- •1. Read and translate the text. Who is Auditor?
- •2. Translate into English.
- •3. Speak on the topic «Forms of money».
- •1. Read and translate the text. Natural Economy
- •2. Translate into English.
- •3. Speak on the topic «Borrowing and lending money».
- •The economy of Great Britain
- •2. Translate into English.
- •3. Speak on the topic «Central banking».
- •1. Read and translate the text. Employment
- •2. Translate into English.
- •3. Speak on the topic «Ukrainian Central banking».
- •Current accounts
- •2. Translate into English.
- •3. Speak on the topic «Functions of Central banks».
- •Banking products and services
- •2. Translate into English.
- •3. Speak on the topic «Money supply».
- •2. Translate into English.
- •3. Speak on the topic «Commercial banking».
- •Loans and risks
- •2. Translate into English.
- •3. Speak on the topic “Difference between commercial and central banking”.
- •What is Economics?
- •2. Translate into English.
- •3. Speak on the topic «Functions of commercial banks».
- •2. Translate into English.
- •3. Speak on the topic «Types of banks».
- •1. Read and translate the text. Marketing
- •3. Speak on the topic«Banking products».
- •1. Read and translate the text.
- •Interest-free banking
- •2. Translate into English.
- •3. Speak on the topic«World partnership».
- •1. Read and translate the text. The functions of central banks
- •2. Translate into English.
- •3. Speak on the topic «Types of auditors and their obligations».
- •1. Read and translate the text.
- •2. Translate into English.
- •3. Speak on the topic «An external audit».
- •1. Read and translate the text.
- •2. Translate into English.
- •3. Speak on the topic «Bookkeeping».
- •1. Read and translate the text. Natural Economy
- •2. Translate into English.
- •3. Speak on the topic «My future profession of a financier».
3. Speak on the topic «Types of auditors and their obligations».
Білет 23.
1. Read and translate the text.
Financial reporting and financial statements
Businesses communicate accounting information to the public through a process known as financial reporting.
Financial reporting is the process through which companies communicate information to the public.
The central means of external financial reporting is a set of financial statements. There are four general-purpose financial statements:
1. An income statement presents revenues and expenses and resulting net income or net loss for a period of time. An income statement is also called a Statement of Operations, an Earnings Statement, or a Profit and Loss Statement (P/L).
2. A statement of changes in equity shows all changes in owners' equity for a period of time. This statement is also called an Owners' Equity Statement.
3. A balance sheet presents assets, liabilities and owners' equity on a specific date. A balance sheet is also called a Statement of Financial Position.
4. A cash flow statement summarizes information about cash outflows (payments) and inflows (receipts). This statement may also include certain information not related to actual cash flows.
Notes to the financial statements are another important aspect of reporting. Notes can be found in most financial statements and are required to be included in the financial statements of publicly traded companies. Notes include, among other things, additional information about the financial condition and performance of a company. The information presented in the notes may differ greatly from one company to another.
2. Translate into English.
1. До вирахування всіх податків за допомогою метода альтернативної калькуляції вона змогла підрахувати приблизний прибуток. 2. Хоча фонди з різних джерел можуть бути використані для фінансування різноманітних потреб компанії, це є необачним вживати короткострокові надходження для придбання основних активів. 3. Впевненість інвесторів була підкріплена захистом фондів вкладників. 4. Банки підтверджували випуск цінних паперів у виді облігацій. 5. Інвестиційним банкам було дозволено випускати акції корпорацій. 6. Комерційні банки повинні були залишатися відокремленими. 7. Багато банків шукали нові ринки та прибутки в період зростаючої глобалізації. 8. Фінансові об’єднання були створені за допомогою зливання інвестиційних, комерційних та страхувальних фінансових установ. 9. Закон заборонив комерційним банкам діяти більш ніж в одному штаті. 10. Банк повинен був виплатити великий штраф вкладникам, які не знали що купують акції компаній, в яких були фінансові труднощі.
3. Speak on the topic «An external audit».
Білет24.
1. Read and translate the text.
Elements of financial statements
All financial statements consist of classes or categories known as elements. There are ten elements: assets, liabilities, equity, contributed capital, revenue, expenses, distributions, net income, gains, and losses. These elements are explained later in this tutorial or are covered in other tutorials.
Assets are the economic resources a business uses to accomplish its main goal (i.e., increasing the owners' wealth).
Formally recognized assets must meet the following two conditions:
they must represent a potential economic benefit that is assignable to a particular entity, and an event giving rise to the assignment must have occurred (i.e., a transaction resulting in an asset has already occurred).
For example, if a company has purchased a piece of equipment and uses it to generate profits, it is considered as an asset. However, if the company just considers buying new equipment, it can't be dee
Other organizations playing a significant role in regulating the accounting profession are the Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB). The SEC and PCAOB mostly regulate public companies, while the FASB establishes standards for private companies.