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3. Choose the title for the text from the given below or suggest your own.

1. Why study accounting history?

2. Accounting: when and where.

3. Italian Renaissance.

4. Accountants and the world.

5. Understanding history of accounting.

4. Answer the following questions.

1. When and where did the history of accounting start?

2. What role did accountants play in the society development?

3. Are there household names among the accounting innovators?

4. What may people get from studying accounting history?

5. What are new accounting paradigms?

5. Match the word to its definition.

1. artifact

a. the established by court inability of the debtor (enterprise, firm, bank etc) to pay his obligations

2. bankruptcy

b. an object that is made by a person, especially sth of historical or cultural interest

3. double entry

c. a person who buys and sells goods in large quantities

4. merchant

d. a person who makes money by running business

5. entrepreneur

e. system of bookkeeping in which each transaction is entered (written) on the debit side of one account and the credit side of another

6. Complete the sentences with one of the words given below.

participated innovators accounting depends society

  1. Today, many people are proudly involved in the prestigious profession of ….

  2. There are no household names among the accounting … .

  3. Accountants … in the development of cities, trade, and the concepts of wealth and numbers.

  4. Accountants have served and continue to serve a vital role in … .

  5. Since accounting is the language of business, the nation’s economy heavily … upon the work of the accountants.

7. Compose a cinquain that describes your future job or anything connected to it.

Line One: Decide on a one word title. (noun)

Line Two: Two words that describe your title. (adjectives)

Line Three: Three words that tell about something that the topic can do. (verbs)

Line Four: A four word phrase that describes a feeling about your title.

Line Five: One word that refers back to your title. (a synonym)

8. Be ready to tell about the following:

Is there a museum of accounting anywhere in the world?

What do you know about this?

Do you like to visit such a museum?

Do you think there is a need for such a museum?

9. Work in pairs. Imagine you are the owners of the accounting museum. Make a record of its holdings and compare it with your partners’. Try to describe it. The questions below will help you.

What artifacts would you like to have as exibits?

What are these artifacts remarkable for?

What rooms are there in your museum?

What topics are these rooms dedicated to ?

Who are the guides in your museum?

What special exibitions does it have?