- •Предисловие
- •Unit 1. Economic environment a. Text what is economics all about?
- •B. Dialogue business climate in russia
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the above questions, write several paragraphs on the following:
- •Reading practice
- •Unit 2. Public finance a. Text finance and financial system
- •B. Dialogue budget organization and budget process
- •Vocabulary list
- •Exercises
- •Discussion
- •A) The Budget Message of the Mayor
- •April 27, 1995
- •In order to get prepared for participation in the class discussion of these questions, write several paragraphs on the following:
- •Reading practice
- •Unit 3. Fiscal management a. Text financial policy. Fiscal sphere
- •B. Dialogue effective fiscal policy
- •Vocabulary list
- •Exercises
- •A) Financial Policy
- •B) Fiscal Policy in the uk
- •Discussion
- •A) Multiyear Budgeting
- •B) Types of Budget Classification
- •A) Fiscal Policy in Transition Economies: a Major Challenge
- •B) On Macro- and Microeconomics
- •In order to get prepared for participation in the discussion of the questions, write a short essay on the following:
- •Reading practice
- •Transition Economies Need to Reform Social Safety Nets
- •Unit 4. Central banking. Monetary policy a. Text central banking system
- •B. Dialogue banking system in russia
- •Vocabulary list
- •Exercises
- •Us Activities of Foreign Banking Organizations
- •Discussion
- •A) Is Monetary Policy Needed?
- •B) Payment Systems
- •In order to get prepared for participation in the class discussion of the questions, write a summary of the interview in Ex. 13. Follow the plan suggested below:
- •Reading pra ctice
- •Unit 5. Banking system a. Text commercial banks
- •B. Dialogue
- •Interview With a Bank Manager
- •Vocabulary list
- •Exercises
- •B) Bank Accounts
- •B) The Nature of Banking
- •Discussion
- •A) Bank Loans and Overdrafts
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Unit 6. Taxation a. Text what are taxes?
- •B. Dialogue taxation in russia
- •Vocabulary list
- •Exercises
- •What Is an Excise Duty?
- •Tax Reform in Developing Countries
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Unit 7. International monetary system a. Text
- •International monetary institutions
- •B. Dialogue
- •Imf's support for russian reforms
- •Vocabulary list
- •Exercises
- •International Monetary Fund
- •Your Partner ebrd
- •World Bank – International Bank for Reconstruction and Development (ibrd)
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Unit 8. Financial markets. The bond market a. Text trading in the bond market
- •B. Dialogue the bond market
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the above questions, write a short essay on the following:
- •Reading practice
- •Unit 9. Financial markets. The stock market a. Text stocks and markets
- •B. Dialogue the corporate securities market in russia
- •Vocabulary list
- •Exercises
- •Discussion
- •A) Bulls, Bears and Stags
- •B) Options and Short Selling
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •The New Issue Market
- •Unit 10. Investment activity a. Text
- •Investments
- •B. Dialogue
- •Investment climate
- •Vocabulary list
- •Exercises
- •Investment Companies
- •3 Food Giants Build Local Yogurt Plants
- •Discussion
- •B) Brazil Attracts Foreign Investors
- •C) Investment in the uk
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Investment Skill Is a Rare Commodity
- •Investment Trusts
- •Unit 11. Foreign exchange market. Global financial markets a. Text trading in the foreign exchange market
- •B. Dialogue cornerstone of the global financial market
- •Vocabulary list
- •Exercises
- •The Eurocurrency Market
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write several short paragraphs about:
- •Reading practice
- •Unit 12. Financial management a. Text finance function
- •B. Text financial ratios
- •C. Dialogue ratio analysis
- •Vocabulary list
- •Exercises
- •Discussion
- •A) Corporate Governance
- •B) Investment Management
- •A) Investment Decision Making
- •B) Investment Project Appraisal
- •In order to get prepared for participation in the class discussion of these questions, write a short paragraph on the following:
- •Reading practice
- •Unit 13. Accounting a. Text accounting principles and concepts
- •B. Dialogue accountancy in a free-market economy
- •C. Dialogue public and private accountants
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short paragraph, explaining:
- •Reading practice
- •Balance Sheet
- •A. Balance sheet
- •Unit 14. Auditing a. Text performing an audit
- •B. Dialogue auditing in russia
- •Vocabulary list
- •Exercises
- •Ex. 4. Say in a few words what the main text is about. Use the opening phrases from
- •Sweden.
- •Independent Auditors' Report to the Board of Directors and Stockholders of_______Company
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write several paragraphs on the following:
- •Reading practice
- •Banking correspondence
- •Dictionary of key words
- •Contents
In order to get prepared for participation in the class discussion of the questions, write a short paragraph, explaining:
a) What accounting is and what role it plays in a free-market economy.
b) What sort of statement the balance sheet is.
c) What sort of statement the income statement is.
d) The difference between the two branches of accounting.
e) Accounting principles.
f) The functions of the Chart of Accounts.
Ex. 15. Prepare a short talk on the following:
a) The work of public accountants, private accountants, and accountants who work for units of the government and non-for-profit firms.
b) Why do all firms need both fixed and working capital?
c) How is Russian accounting developing? Do any of the Big Eight have offices in Russia?
d) What are your own sources of funds? Earnings from employment? Contributions from parents or others?
e) If you are a student, describe the fixed capital and working capital of your college or institute. List some fixed assets that it owns.
Ex. 16. A company needs the chief accountant, who will:
maintain accounts payable ledger
supervise banking and cash activities, supply contracts, reconciliation of bank statements
deal with local tax authorities
work directly with the CFO
supervise the accounting department
cooperate with internal and external auditors
The requirements include:
excellent English
degree in accounting
knowledge of the Russian accounting system
familiarity with GAAP
proper computer skills
ability to work independently
Do many applicants stand a good chance?
Reading practice
Ex. 17. a) Study the Balance Sheet and the Income Statement of a British company given below:
Balance Sheet
А. Неоплаченный акционерный капитал |
A. Called up share capital not paid | |
В. Основной капитал |
B. Fixed assets | |
I. Нематериальные активы |
I. Intangible assets | |
1. Расходы по подготовке производства |
1. Development costs | |
2. Концессии, патенты, лицензии, торговые марки, другие права и активы |
2. Concessions, patents, licences, trade marks and similar rights and assets | |
3. Цена фирмы |
3. Goodwill | |
4. Авансы выданные |
4. Payments on account | |
II. Материальные активы |
II. Tangible assets | |
1. Земля и сооружения |
1. Land and buildings | |
2. Здания, машины и оборудование |
2. Plant and machinery | |
3. Приспособления, инструменты и производственной инвентарь |
3. Fixtures, fittings, tools and equipment | |
4. Авансы выданные и незавершенное капитальное строительство |
4. Payments on account and assets in course of construction | |
III. Инвестиции |
III. Investments | |
1. Вложения в акции компаний группы |
1. Shares in group companies | |
2. Займы, выданные компаниям группы |
2. Loans to group companies | |
3. Вложения в акции родственных компаний |
3. Shares in related companies | |
4. Займы родственным компаниям |
4. Loans to related companies | |
5. Прочие инвестиции |
5. Other investments | |
6. Прочие займы |
6. Other loans | |
7. Собственные акции |
7. Own shares | |
С. Ликвидные активы |
C. Current assets | |
I. Материально-производственные запасы |
I. Stocks | |
1. Сырье и покупные полуфабрикаты |
1. Raw materials and consumables | |
2. Незавершенное производство |
2. Work in progress | |
3. Готовая продукция и товары для перепродажи |
3. Finished goods and goods for resale | |
4. Авансы поставщикам |
4. Payments on account | |
II.Дебиторы |
II. Debtors | |
1. Торговые дебиторы |
1. Trade debtors | |
2. Задолженность компаний группы |
2. Amounts owed by group companies | |
3. Задолженность родственных компаний |
3. Amounts owed by related companies | |
4. Прочие дебиторы |
4. Other debtors | |
5. Задолженность по неоплаченному акционерному капиталу |
5. Called up share capital not paid | |
6. Авансовые платежи и начисления |
6. Prepayments and accrued income | |
III. Инвестиции |
III. Investments | |
1. Вложения в акции компаний группы |
1. Shares in group companies | |
2. Собственные акции |
2. Own shares | |
3. Прочие инвестиции |
3. Other investments | |
IV. Остатки на счетах в банках, денежная наличность |
IV. Cash at bank and in hand | |
D. Авансовые платежи и начисления |
D. Prepayments and accrued income | |
E. Кредиторы: обязательства к погашению в течение года |
E. Creditors: amounts falling due within one year | |
1 . Облигационные займы |
1. Debenture loans | |
2. Задолженность банку |
2. Bank loans and overdrafts | |
3. Авансы полученные |
3. Payments received on account | |
4. Торговые кредиторы |
4. Trade creditors | |
5. Векселя к платежу |
5. Bills of exchange payable | |
6. Задолженность компаниям группы |
6. Amounts owed to group companies | |
7. Задолженность родственным компаниям |
7. Amounts owed to related companies | |
8. Прочие кредиторы (включая налоговые органы и органы социального обеспечения) |
8. Other creditors including taxation and social security | |
9. Различные обязательства, доходы будущих периодов |
9. Accruals and deferred income | |
F. Нетто-ликвидные активы (обязательства) |
F. Net current assets (liabilities) | |
G. Активы за вычетом краткосрочных обязательств |
G. Total assets less current liabilities | |
Н. Кредиторы: обязательства к погашению со сроком более года |
H. Creditors: amounts falling due after more than one year | |
1. Облигационные займы |
1. Debenture loans | |
2. Банковские займы |
2. Bank loans and overdrafts | |
3. Авансы полученные |
3. Payments received | |
4. Торговые кредиторы |
4. Trade creditors | |
5. Векселя к платежу |
5. Bills of exchange payable | |
6. Задолженность компаниям группы |
6. Amounts owed to group companies | |
7. Задолженность родственным компаниям |
7. Amounts owed to related companies | |
8. Прочие кредиторы (включая налоговые органы и органы социального обеспечения) |
8. Other creditors including taxation and social security | |
9. Различные обязательства, доходы будущих периодов |
9. Accruals and deferred income | |
I. Оценочные резервы для покрытия обязательств, расходов |
I. Provisions for liabilities and charges | |
1. Пенсионный фонд и другие обязательства |
1. Pensions and similar obligations | |
2. Резервы по налогам |
2. Taxation, including deferred taxation | |
3. Прочие резервы |
3. Other provisions | |
J. Различные обязательства и доходы будущих периодов |
J. Accruals and deferred income | |
К. Капитал и резервы |
K. Capital and reserves | |
I. Акционерные капитал |
I. Called up share capital | |
П. Эмиссионный доход |
II. Share premium account | |
III. Резерв переоценки |
III. Revaluation reserve | |
IV. Прочие резервы |
IV. Other reserves | |
1. Резерв для выкупа капитала |
1. Capital redemption reserve | |
2. Собственные акции в резерве |
2. Reserve for own shares | |
3. Резервы |
3. Reserves provided for by articles of association | |
4. Прочие резервы |
4. Other reserves | |
V. Прибыли и убытки |
V. Profit and loss account | |
Profit and Loss Account | ||
1. Товарооборот |
1. Turnover | |
2. Себестоимость реализованной продукции |
2. Cost of sales | |
3. Валовой доход или убытки |
3. Gross profit or loss | |
4. Расходы по сбыту |
4. Distribution costs | |
5. Административные расходы |
5. Administration expenses | |
6. Другие операционные доходы |
6. Other operating income | |
7. Прибыли по акциям компаний группы |
7. Income from shares in group companies | |
8. Прибыли по акциям родственных компаний |
8. Income from shares in related companies | |
9. Прибыли от инвестиций в другие статьи основного капитала |
9. Income from other fixed asset investment | |
10. Проценты полученные и другие прибыли |
10. Other interest receivable and similar income | |
11. Списанные инвестиции |
11. Amounts of written off investments | |
12. Проценты уплаченные и аналогичные расходы |
12. Interest payable and similar charges | |
13. Налог на прибыль или убытки от основной деятельности |
13. Taxation on profit or loss on ordinary activities | |
14. Прибыли и убытки от основной деятельности после уплаты налога |
14. Profit or loss on ordinary activities after taxation | |
15. Чрезвычайные доходы 16. Чрезвычайные расходы 17. Чрезвычайные прибыли или убытки 18. Налог на чрезвычайные прибыли или убытки 19. Другие налоги, не указанные выше 20. Прибыли или убытки за отчетный период |
15. Extraordinary income 16. Extraordinary charges 17. Extraordinary profit or loss 18. Tax on extraordinary profit or loss 19. Other taxes not shown under the above items 20. Profit or loss for the financial year |
b) Read the text that follows to find the answers to the following questions:
• What financial document presents the position of the enterprise?
• What can assets include?
• What can liabilities include?
• What is equity?
• What financial document measures the performance of the enterprise?
Financial Statements And Their Elements