- •XVII. Sometimes it can be difficult to know how to say things which we often write. Write down exactly how you would say these, including , as in the examples, any symbols which occur:
- •Internal Transfer Transactions
- •Internal Accrued Transactions
- •I. Key terms. Read, translate and memorize the following definitions:
- •II. Vocabulary notes:
- •III. Choose the proper words and answer the following questions:
- •Transfer transaction.
- •VI. Translate the following words and word combinations:
- •V. Find English equivalents for the following word combinations:
- •Translate the following questions and answer them in English:
- •Memorize the following terms and their Ukrainian equivalents:
- •X. Fill in the blanks with proper prepositions or adverbs:
- •XIV. Translate the following text:
- •XIV. Analyze the following sentences with passive constructions and translate them:
- •XV. Translate the following text:
- •IX. Complete the following sentences:
- •VIII. Match the following word-combinations with their definitions:
- •X. The text below is divided into three parts. After reading the first part you should be able to answer the following questions:
- •In text с replace the underlined words and word combinations with their synonyms given below:
- •It consists of three major sections: assets, liabilities and equity.
- •Chart 4
- •I. Vocabulary notes
- •Intangibles (intangible assets) tangibles (tangible assets) freehold property
- •II. Answer the following questions:
- •Ill Match the terms on the left with their Ukrainian equivalents on the right:
V. Find English equivalents for the following word combinations:
к)
лежати в основі концепції 1)
вимоги (претензії) до
основних фондів (до капіталу, майна)
verification
future sales price
an accrued transaction
the information disclosed
internal transactions
means for measuring and communicating information
documentary evidence
a receipt or a signed authorisation
operating budget
j) cost and revenue estimates k)to afford insights 1) transfers of rights
с VII. Answer the following questions:
What are the assets of a company?
What does a transaction provide?
What do all business and economic activity culminate in?
Why will a record of an entity transactions reveal its significant activities?
What would the flow of the machinery in exchange for relief from responsibility for the machinery represent?
When does documentary evidence, such as a receipt or a signed authorisation, arise?
When is verification difficult?
What should provide a record of all transfers of rights either within the entity or between the entity and an ouside group?
Where should the concept of transaction reflect changes?
What
are the limitations to the transaction concept?
How do changes in the market price of economic resources often occur?
Correlate the concept of a transaction and the concept of an accrued transaction.
What does an accrued transaction include?
What do the procedure of accounting largely represent?
What does the development of these procedures involve?
There are three types of transactions, why is it important to distinguish them?
How does accounting reveal the activities which appear to be the most desirable for the entity to carry out in the future?
How does accounting reveal the actions which will have to be taken at appropriate times to carry out the plans most effectively?
How does accounting reveal the current state of the entity's activities?
When will the information disclosed enable management to take actions for bringing current activities in line with planned activities?
What provides a description of the entity's activities over a period of time ?
What will systematic study and analysis of the descriptions afford insights into the nature of an entity's operations?
What
is the most usefid classification for accounting purposes?