Words and expressions

table таблица

balance sheet баланс, (документ)

sample образец

balance sheet sample образец баланса

subsidiary дочерняя компания

consolidated консолидированный

consolidated balance sheet консолидированный

баланс (главной компании и ее дочерних компаний и филиалов)

as at по состоянию на

current текущий

assets активы: собственность в

самой различной форме (недвижимость, машины и оборудование, кредит­ные требования, ценные бумаги и т.д.)

market рынок

marketable рыночный

securities ценные бумаги

receivables причитающиеся суммы

inventories запасы товаров

term срок

long-term долгосрочный

short-term краткосрочный

property собственность

plant завод, промышленное предприятие

equipment оборудование

to invest делать инвестиции

investor инвестор

investment инвестиция

goodwill добрая воля; престиж; деловая репутация (контакты, клиенты и кадры компа­нии, которые смогут быть оценены и занесены на специальный счет); эта оценка играет роль глав­ным образом при погло­щении и слиянии фирм.

to defer отсрочить (платеж)

expenditure расходы

deferred expenditure отсроченные платежи по расходам

total итог, итого

liabilities пассив: обязательства,

задолженности

provisions резервы

net чистый, нетто

to employ использовать

net assets employed стоимость чистых активов компании в расчете на одну акцию

share акция

share capital акционерный капитал

shareholder акционер

shareholders' meeting собрание акционеров

interest процент

to retain удерживать

to earn получать, зарабатывать

earnings поступления, прибыль

retained earnings оставшаяся прибыль (после удержания налогов) minority меньшинство

minority interest процент по акциям, выплачиваемый мелким акционерам

Exercises

1.Translate into Russian:

balance sheet, current assets, consolidated balance sheet, current liabilities, balance sheet sample, receivables, shares, payables, share capital , shareholder, interest ,

shareholder's interest, retained earnings, minority interest, total shareholder's interest,

cash, current assets, loans, long-term assets, inventories, total assets, marketable securities

2. Make sentences:

• The lecturer distributed many materials

a few diagrams

a few balance sheets

a few balance sheet samples

• It was a lecture on accounting

balance sheet making

securities

share capital

reserves

loans

investments

• The balance sheet the assets of the Company in

says that the liabilities 2007 are/is ...

the net assets

the total share holder's interest

3. Complete the sentences:

1. Current assets consist of cash, marketable securities ...

2. Long-term assets consist of property, plant and equipment, in­vestments ...

3. Total assets consist of current assets and ...

4. Current liabilities consist of loans and ...

5. Long-term liabilities consist of loans and ...

6. Total liabilities consist of current liabilities and ...

7. Total assets minus total liabilities make net assets ...

8. Shareholder's interests plus minority interests make total...

DIALOGUE

(Peter and Karen work in a large company. They are having dinner in the company cafe).

Peter Hi, Karen. Glad to meet you. You looked very busy this morning. There were so many statements on your table.

Karen Oh, Peter. This is the end of the year. The accounting department is very busy.

Peter I know. We are all very busy, totaling accounts. But I've already turned in the report on my department.

Karen Good.

Peter So, how's business.

Karen I don't know everything. I am busy with some records and statements. I don't have the whole picture. But I think the company is doing very well.

Peter I am sure of it. We have to keep our creditors and investors happy.

Karen Well, the balance sheet and profit and loss statement are ready. It is the end of the fiscal year. So everybody can check out the assets and liabilities, net worth and profit position of the company in the financial statements.

Peter Do you work with the pay checks?

Karen Why are you asking?

Peter I thought you could explain me the big difference between my gross pay and my net take-home pay.

Karen The explanation takes only one word - taxes. Actually the salaries are done through the computer.

Peter Really?

Karen Sure. We can't handle any volume in a large company without computers. Peter You are right. Thank you for very interesting information.

Karen Oh, it's my pleasure. Let's go to get some dessert.

Active Vocabulary

Accounting department - бухгалтерский отдел

to total accounts - суммировать счета

to turn in the report - сдать отчет

profit and loss statement - отчет по прибыли и убыткам

assets and liabilities - актив и пассив

net worth - а) стоимость имущества за вычетом обязательств

б) собственный капитал предприятия a financial statement - финансовый отчет

a pay check - платежный чек

gross - валовой, брутто

gross pay - плата с вычетами

net - чистый, нетто

net pay - плата без вычетов

tax - налог

salary - зарплата

fiscal year - фискальный (бюджетный) год

Exercise 1. Imagine that you work as an accountant in a big enterprise. Answer the following questions.

1. Do you total the accounts at the end of the fiscal year?

2. What are your usual activities at the end of the fiscal year?

3. When do you prepare a financial statement?

4. Why should you have more assets than liabilities?

5. Does the accounting department work on taxes?

6. What is the difference between your gross salary and net salary?

7. Is the difference between gross salary and net salary big in this country? What does this difference depend on?

Exercise 2. Make up the dialogue about accounting:

1. Between an experienced accountant and a university graduate who has just begun to work as an accountant;

2. You are an employer and you want to hire an accountant, find out if he (she) is experienced enough in accounting.

Exercise 3. Translate from Russian into English.

1. Бухгалтерский учет представляет данные для кредиторов и вкладчиков.

2. Они готовят отчет о доходах и балансовый отчет в конце финансового года.

3. Мы определяем эффективность производства с помощью анализа коэффициентов.

4. Недвижимость является собственностью корпораций.

5. Мы проверим актив и пассив и определим стоимость имущества за вычетом обязательств.

6. Мы платим большие налоги.

7. Сколько ты получаешь без вычетов?