- •Ministry of finance of ukraine
- •Preface
- •Unit 1 Why start a business?
- •Vocabulary
- •Why start a business?
- •2) What information do you think a business plan must represent? Reading
- •Contents of a business plan
- •What should be in the plan?
- •Business plan
- •Vocabulary
- •Text 3 Starting a new business
- •Vocabulary
- •Financial activities and their management
- •Vice – President for Finance
- •Vocabulary
- •Writing a summary (an abstract)1 of a text, a book, an academic paper etc. Steps in writing a summary
- •Here are a few tips for you about writing a summary and some useful expressions
- •Vocabulary
- •Can you answer the following questions?
- •Introduction to accounting
- •Vocabulary
- •Assets and liabilities
- •Current Fixed assets
- •Vehicles
- •Investments
- •Balance sheet
- •Financial statements
- •Value added statement
- •Vocabulary
- •Valuation of assets
- •Variable costs
- •Indirect costs
- •Imputed costs
- •Vocabulary
- •Costing methods
- •Vocabulary
- •The use of funds
- •Vocabulary
- •Sources of finance
- •Borrowing
- •Other sources of funds
- •Management of working capital
- •Vocabulary
- •Money and its functions
- •Nebraska
- •Florida
- •Bank credit
- •Тексти для самостійного читання у і семестрі3
- •Types and forms of business organization
- •Why are companies referred to as ltd., inc., gmbh, or s.A.?
- •The strategy of a company
- •Financial forecasting
- •Careers in finance
- •What is accounting?
- •Financial accounting
- •Business documents
- •Main streets store, inc
- •Main street store, inc Statement of Cash Flows For the Year Ended August 31, 20 XX
- •The ассоunt
- •Title of account Debit | Credit
- •Types of account
- •Тексти для самостійного читання у іі семестрі4
- •Classical economics
- •Keynesian economics (Part I)
- •Keynesian economics (Part II)
- •The importance of the rate of monetary growth
- •The basic propositions of monetarism (Part I)
- •The basic propositions of monetarism (Part II)
- •The monetary rule
- •The decline of monetarism
- •Supply-side economics (Part I)
- •(Part II) The Saving and Investment Effect
- •Supply - side economics (Part III) The Elimination of Productive Market Exchanges
- •Rational expectations theory
- •Government finance
- •Government Growth: Purchases and Transfers
- •Tax rates
- •Taxation
- •Types of taxes
- •Sources of federal revenue
- •Sources of State and Local Revenue
- •Tapescripts
- •Glossary
- •Indirect costs
- •Investment
Vocabulary
Do you know the meaning of the following words and word combinations? Try to match up each of them to its Ukrainian equivalent. Use your dictionary if necessary.
|
17. to derive from |
а) вести рахунок б) бухгалтер-фінансист в) бухгалтер-калькулятор г) складати фінансовий звіт д) чесний; достатній е) вартість; цінність є) діяти від чийогось імені ж) оголошувати; заявляти з) проведення ревізії и) придумувати, винаходити |
і) надавати рахунок ї) головний бухгалтер - аналітик й) володіти к) одержувати, здобувати л) угода м) дипломований бухгалтер вищої кваліфікації; аудитор н) вести облік; вести документацію |
Pre-reading task
Work in small groups.
Can you answer the following questions?
Why is it necessary for any company to keep a record of what they possess?
The accounting profession has some advantages and disadvantages. Do you have any idea about what they are?
Preface each answer with one of the following according to what is true for you:
I believe it is rather an interesting problem… My personal opinion as to… |
Unfortunately, I have no idea … It depends, I think, on… I’m not absolutely certain, but I think… |
Reading
Read text 7. How much of the information did your group already know?
Text 7
Introduction to accounting
Since people have owned properly they have devised methods of keeping a record of what they possessed and its value. They wished to keep an account of what they had and, when responsible for other people’s property, they needed to render an account of how they had used it. Traditionally the accounting profession has been divided into financial accountants, whose professional association is the Institute of Chartered Accountants, and management accountants, who are members of the Institute of Cost and Management Accountants.
Financial accountants are primarily concerned with making sure that the accounts of a business are a true and fair record of the financial transactions of the business. They may do this by drawing up the accounts of a business from the records kept by the various departments or, acting on behalf of another business, they may examine existing accounts and declare them to be a true and fair record. This process is known as auditing.
Management accountants are more interested in the information they can derive from financial accounts.
Comprehension check.
Working in pairs, answer the questions.
a) What is of vital importance for people if they own property and run a business?
b) What is a traditional division in the accounting profession?
c) Which of two professional associations mentioned in the text relates to financial accountants and which to management accountants?
d) In what way do the responsibilities of a financial accountant differ from a management accountant?
Role – play
Work in pairs.
Student A You are a staff manager in a food processing company who selects both a financial accountant and a management accountant. You are expected to explain applicants their duties and choose the right person for these posts.
Student B – is an applicant for the post of a financial accountant.
Student C – is an applicant for the vacancy of a management accountant.
You have just graduated from the University and are eager to get experience in accounting and well – paid job. Persuade the staff manager that you are the best applicant for this post. Have a talk with a staff manager of a company.