- •Aнглийский язык для студентов специальностей «Финансы и кредит», «буАиА»
- •Preface
- •Contents
- •Unit I economy and economics Warming up
- •Topical Vocabulary
- •Verbs and word-combinations with verbs:
- •Word Study
- •Text I Economy. Types of Economic Systems.
- •Text-based Exercises
- •Text II What Is Economics?
- •Text-based Exercises
- •Post-reading Activities
- •Discussion
- •Unit II the belarusian economy Warming up
- •Topical Vocabulary
- •Word Study
- •Verb----------noun
- •Text The Belarusian Economy
- •Text-based Exercises
- •Post-reading Exercises
- •Discussion
- •Unit III Money Topical Vocabulary
- •Verbs and verb phrases
- •Word Study
- •Money Makes the World Go Round
- •Text-based Exercises
- •Post-reading Exercises
- •Unit IV banking
- •Word Study
- •Text-based Exercises
- •Post-reading Exercises
- •Opening an Account
- •Withdrawing Money From the Account
- •Changing Foreign Currency
- •Discussion
- •Unit V finance and credit Warming up
- •Topical Vocabulary
- •Text-based Exercises
- •Text 2
- •Text-based Exercises
- •Text 3 careers in finance
- •Text-based Exercises
- •Post-reading Exercises
- •Discussion
- •Unit VI accounting and audit Warming up
- •Topical Vocabulary
- •Word Study
- •Text I Accounting As the Language of Business
- •Text-based Exercises
- •Text 2. Book-keeping and Accounting
- •Text-based Exercises
- •Text 3 Auditing
- •Text-based Exercises
- •Text 3 Careers in Accounting
- •Text-based Exercises
- •Post-reading Activities
- •Discussion
- •Curriculum
- •Содержание учебного материала по специальности «финансы и кредит»
- •Self-study Term I
- •Variant I the united kingdom economy
- •Variant II the american economy
- •Text work
- •To do away … … competition to place regulations … economic practices To be based … a free enterprise system to be involved … the construction
- •Ex. 3 Give the English equivalents to the following words and phrases.
- •Term II
- •Variant I
- •2. Translate the following words and expressions:
- •4. Match the words in Column a with the words in Column b to make up possible combinations.
- •5. Choose the words with similar meaning from the two groups and arrange them in pair.
- •7. Insert prepositions where necessary:
- •Variant II
- •2. Translate the following words and expressions:
- •3. Match the words in Column a with their definitions in Column b.
- •4. Match the words in Column a with the words in Column b to make up possible combinations.
- •5. Choose the words with similar meaning from the two groups and arrange them in pair
- •7. Insert prepositions where necessary:
- •Variant III
- •2. Translate the following words and expressions:
- •4. Match the words in Column a with the words in Column b to make up possible combinations.
- •5. Choose the words with similar meaning from the two groups and arrange them in pair
- •7. Insert prepositions where necessary:
- •Selling on Credit
- •Indebtedness, down payment, currency, deposit, purchases, charge, statement, certified copy, price, to finance
- •Business documents
- •Прочитайте текст , устно переведите его, используя словарь.
- •Найдите и выпишите из английского толкового словаря определения следующих понятий, переведите определения на русский язык (письменно).
- •Text Work
- •Text 2 Gross Domestic Product
- •Text 3 Unemployment
- •Inflation
- •Text-based Exercises
- •Text-based Exercises
- •In the lines 1 - 5 , Robyn see examples of all three. What are they?
- •3. Can you think of three important activities to add to each list (not necessarily in relation to the kettle)?
- •4. Which sector do you intend to work in or do you already work in?
- •International Economic Relations
- •Unit III Text 1
- •Text 2 English Banknotes and Coins
- •Text 3 American Money
- •Text 4 Counterfeiting
- •Text 5 Glimpses of History of Money
- •Unit IV Text 1 Types of loans made by banks
- •International Banking
- •Text 3 The Regulation of International Banking
- •Text 4 What is a Central Bank?
- •Text 5 The Federal Reserve System
- •Unit V Text 1 Credit Cards and their Holders
- •Text 2 Credit Union
- •Text-based Exercises
- •Unit V Text 1 History of Accounting
- •Text 2 Users of Accounting Information
- •Text 3 Ethical Behavior of Accountants
- •Text 4 Bookkeeping
- •Text 5 Accounting Industry in the usa
- •Bibliography
Text 3 Careers in Accounting
Accounting is an old profession. Records of business transactions have been prepared for centuries. However, only during the last half-century accounting has been accepted as a profession with the same importance as the medical or legal profession. Positions in the accounting may be divided into several areas.
Accountants are to determine the ways in which the business may grow in the future. No expansion or reorganization is planned without the help of the accountant. New products and advertising campaigns are also prepared with the help of the accountant.
Chief accountants of companies are involved in the control of the financial or business side. The job is a bit complicated, unless you have specialized training in accountancy. Usually there are a number of divisions in the accounting department for a chief accountant to cope with as a head of this department. These divisions can be Credit Control, Costing, Wages, Internal Audit, Financial Accounting, Managerial Accounting and some others.
Book-keepers deal in taxes, cash flows, which include cash receipts and cash disbursements, sales, purchases and different business transactions of the company. Book-keepers first record all the appropriate figures in the books of original entry or journals. At the end of a period – usually a month – book-keepers transfer the totals of each journal into the proper page of the ledger. Then book-keepers prepare a trial balance. Trial balances are usually drawn up every quarter and interpret the data in the ledger.
The profession of the auditor is considered to be one of the most prestigious and well-paid ones. Auditors are accountants who analyze financial statements of the company. Their responsibility is to express an opinion as to whether the accuracy of the company's financial reports meets the requirements imposed by the government.
Performing his work the auditor should follow several principles and assumptions: the company's accounts must represent a true financial position; generally accepted accounting principles must be used at all accounting steps; the proper amount of information must be disclosed in the financial statements. As a result, the auditor's opinion should be based only on facts and it must be objective. The auditor must always carry out his duties under the law and inform authorities about fraud.
Text-based Exercises
Ex.1. Translate into Russian the following word-combinations from the text.
The control of the financial or business side; a number of divisions; specialized training in accountancy; cash receipts and cash disbursements; all the appropriate figures; books of original entry; the totals of each journal; the proper page of the ledger; the most prestigious profession; the financial statements of the company; internal audit; the proper amount of information; the auditor's opinion; at all accounting steps; the accuracy of the company's financial reports; the requirements imposed by the government.
Ex.2. Find in the text the sentences where the word-combinations with the verbs given below are used, read them aloud and translate into Russian.
To determine the ways; to deal in taxes; to plan expansion or reorganization; to record the figures; to prepare advertising campaigns; to be involved in the control; to prepare a trial balance; to analyze financial statements; to cope with; to interpret the data; to be responsible for; to follow several principles and assumptions; to express an opinion; to carry out the duties; to be based only on facts; to meet the requirements; to represent a true financial position; to inform authorities about fraud.
Ex.3. Choose the best answer to each sentence which corresponds to the contents of the text.
Accountants are to determine…
the ways of production of goods.
the ways in which the business may grow in future.
how the advertising can be planned.
Chief accountants of companies are involved in…
recruiting the staff.
marketing research.
the control of the financial side of the company.
To audit the books means…
to inspect the financial records.
to draw up a trial balance.
to record every item of income.
An auditor is …
a top executive of the company.
a chief accountant of the competitive company.
someone who reviews the financial records of the company.
The job of a chief accountant is a bit complicated, unless…
you have very efficient staff.
you have specialized training in accounting.
you have excellent managerial skills.
Book-keepers first record all the figures…
in the books of original entry or journals.
in the ledgers.
in the special kinds of accounts.
On the basis of all the totals of each account in the ledger…
the chief accountant calculates the earnings.
the auditor identifies mistakes.
the book-keeper prepares a trial balance.
The profession of the auditor is considered …
to be one of the most prestigious.
to be very simple.
to be poorly paid.
The auditors are usually requested to…
interpret the data of the financial statements.
correct all mistakes in the records.
express an opinion about the accuracy of the financial statements.
Ex.4 Arrange the following so as to form sentences.
No expansion or reorganization …
There are a number of …
The auditor must always …
The company accounts must represent …
New products and advertising campaigns are also …
Trial balances are usually drawn up …
The auditor’s opinion should be based …
At the end of a period – usually a month - book-keepers…
Generally accepted accounting principles …
The auditors should follow …
…every quarter and interpret the data in the ledger.
…several principles and assumptions.
…is planned without the help of the accountant.
…must be used at all accounting steps.
…divisions in the accounting department.
…transfer the totals of each journal into the proper page of the ledger.
…carry out his duties under the law.
…only on facts and it must be objective.
…a true financial position.
j) …prepared with the help of the accountant.
Ex.5 Determine which of the following statements are true and which are false according to the text. Correct the false statements and confirm that all the other are the true ones with some additional information.
Accountants never help to prepare advertising campaigns.
As a rule there are only two divisions in the accounting department.
Chief accountants of companies are involved in the drawing up of a trial balance.
Performing his work the auditor shouldn’t follow any principles.
The totals of each book of original entry are posted into a proper page of the ledger at the end of the year.
An auditor is an independent certified accountant.
The proper amount of information must be disclosed in the financial statements.
Records of business transactions have been prepared for the last half-century.
Auditors analyze financial statements of the company.
The duty of the auditor is to deal in taxes, cash flows, sales and purchases of the company.
Ex.6. Answer the following questions to check if you are ready to speak on the exam topic “Careers in Accounting”
1. Is accounting an old profession?
2. How long have records of business transactions been prepared?
3. During what time has accounting been accepted as a profession?
4. How may positions in the accounting be divided?
5. What are chief accountants of companies involved in?
6. Why is the job a bit complicated?
7. What are the divisions of the accounting department?
8. What are accountants determine to do?
9. What do book-keepers deal in?
10. How often do book-keepers transfer the totals of each journal into a ledger?
11. When do they draw up trial balances?
12. What is the profession of the auditor considered to be?
13. Who are auditors?
14. What is their responsibility?
15. What should the auditor follow performing his work?
16. What are these assumptions?
17. What should the auditor’s opinion be based on?
18. What must the auditor always do?
Ex.7. Speak on the following issues.
1. Accounting is an old profession.
2. The job of chief accountants.
3. The role of accountants in a company.
4. Book-keepers’ job.
5. The profession of the auditor.