Active Vocabulary

accounting department бухгалтерский отдел

to total accounts суммировать счета

to turn in the report сдать отчет

creditor кредитор

investor инвеститор

profit and loss statement отчет по прибыли и убыткам

assets and liabilities актив и пассив

net worth а) стоимость имущества за вычетом обязательств

6) собственный капитал предприятия

a financial statement финансовый отчет a

pay check платежный чек

gross валовый, брутто

gross pay плата с вычетами

net чистый, нетто

net pay плата без вычетов

tax налог

salary зарплата

fiscal year фиксальный (бюджетный) год

Vocabulary Exercises Exercise 1. Have a look at the structure.

Can you turn in the report in time?

No, I cant turn in the report but I could when I worked in the other department.

1. Can they check the assets and liabilities?

2. Can you keep the investors and creditor;, nappy?

3. Can you explain the difference between gross pay and net take-home pay?

4. Can he compute the taxes?

5. Can we prepare profit and loss statement?

6. Can the company pay the salaries in time?

7. Can I operate the computer?

Exercise 2. 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 3. Make up the dialogue about accounting:

a) between an experienced accountant and a university graduate who has just begun to work as an accountant;

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

Exercise 4. 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?

Grammar Exercises Exercise 1. Make the sentences negative.

Model: 1 worked as an accountant in a big corporation.

I didn't work as an accountant in a big corporation.

1. An accounting department reported on the effects of the transactions.

2. They studied carefully income statement and balance sheet.

3. We used ratio analysis to determine the firms operating efficiency.

4. The accountants checked the assets and liabilities.

5. The accounting department provided data for the management.

Exercise 2. Put up for questions of different types to each sentence (general, special, disjunctive, alternative).

Model: The accounting department regularly prepared the income statement and balance sheet.

1. Did the accounting department regularly prepare the income statement and balance sheet?

2. What did the accounting department regularly prepare?

3. The accounting department regularly prepared the income statement and balance sheet, didn't it?

4. Did the accounting department prepare the income statement or a financial statement?

1. The board of directors checked out assets liabilities and net worth.

2. He worked as a Corn pi roller of I he company for two у ears.

3. The applicants sent their resumes and letters of interest.

4. She used to do books in a big company.

5. Some governmental corporations issued stock certificate.

LESSON 7