- •3.1 Lead-in
- •3.2 Language input
- •3.2.1 Consult a dictionary and practice the pronunciation of the following words and word combinations, quote the sentences in which they are used in the text or submit the examples of your own:
- •3.2.2 Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column:
- •Environment of Accounting
- •3.4 Comprehension Understanding the reading
- •3.4.1 Give extensive answers to the questions. Use the following expressions to present your answers:
- •Scanning
- •3.4.2 Scan the text to determine whether these statements are true (t) or false (f), and if they are false say why:
- •3.4.3 Scan the text and find the information to complete the following lists:
- •3.4.4 Scan the text and find the English equivalents for the following:
- •3.4.5 Develop the following ideas. Make use of the active vocabulary, given in brackets:
- •3.5 Practice
- •Word Building
- •Complete the table with words from the text and related forms. Put a stress mark in front of the stressed syllable.
- •3.5.2 A. Read the text, ignoring the missing parts. Accounting Assumptions and Principles
- •Financial Statements
- •3.5.3 A. Fill in the gaps with the suitable expressions from the box:
- •5.5.4 A. Read the text, give the English equivalents for the words in brackets, and single out the main items of the income statement.
- •Income Statement
- •In eur thousand
- •3.5.5 A. Read the text and single out the main items of the balance sheet.
- •Illustration 5.2.
- •July 31, 200x
- •I. Consider the other parts of the consolidated balance sheet given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column.
- •A. Read the text and supply the prepositions where necessary.
- •Illustration 5. 3.
- •3.5.7 Say it in English:
- •5.5.8 A. What do the following abbreviations stand for?
- •3.6 Dialogue 1
- •Jobs in Accounting
- •Supporting Materials
- •Read and translate the following dialogue: Tax Accounting
- •Supporting Materials
- •A Brief Summary of the Activities of the Office of the Auditor General in Norway
- •3.7. Case study& role play Case
- •Discussion questions:
- •Exhibit 1 Sales of the Microcomtec 100
- •Exhibit 2 Microcomtec’s Balance Sheet as of December 2000
- •Discussion questions:
- •Interoffice Memorandum
- •Making a Decision
- •3.8 Grammar back up The Infinitive, Past Participle and the “-ing” form (Revision)
- •Infinitive or the ing-form
- •Infinitive or the ing-form
- •Topics for the Power Point presentations
3.4 Comprehension Understanding the reading
3.4.1 Give extensive answers to the questions. Use the following expressions to present your answers:
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What is accounting? Why is it so significant for both organizations and parties outside the organizations?
As per what principle can you classify organizations?
What kind of accounting information assists the internal users? What are its main functions?
What is the role of planning in company’s policy?
What does budgeting involve? Isn’t it the same as planning?
What steps must each manager undertake in order to achieve the planned results?
In what way is accounting information connected with the control process?
What types of decisions do managers usually make?
How can managerial accounting information be used?
What information do the external users need? What kind of accounting information is designed for them?
What information does an annual report contain?
Are the basic concepts and generally accepted accounting principles the same notion? What are they?
Scanning
3.4.2 Scan the text to determine whether these statements are true (t) or false (f), and if they are false say why:
1. |
Accounting involves recording and summarizing an organization’s transactions and reporting them in the form of financial statements. |
2. |
Accounting is basically similar for charitable and governmental organizations, but for-profit organizations keep to their own accounting rules. |
3. |
Most accounting information is stated in monetary terms and is designed to be useless in making economic decisions outside the firm. |
4. |
Managerial accounting information specifically prepared to aid managers is used in different management functions: a) planning, b) budgeting, c) implementation, d) control, e) decision-making process. |
5. |
The manager must forecast unanticipated events and alter previous plans if it is indispensable to adjust for the new conditions. |
6. |
The accountants make use of accounting information in the control process to see that the work is done properly by the employees of the organization. |
7. |
In most companies, managerial accounting provides the information for such types of the managerial decisions as financing, resource allocation, production and marketing ones. |
8. |
As a rule, shareholders, bankers and other internal users need financial accounting information to find out how well the company is doing. |
9. |
Many companies publish the information provided on a firm’s financial condition by different financial statements twice a year in a special report. This report also contains the auditor’s opinion as to the changes of the financial statements. |
10. |
Accounting information must conform to certain standards in order to make the process of interfirm comparisons easier. |