Words and expressions

1. ... summary of your credit — вывод о Ваших кредиторских experience with ... отношениях с ...

2. current account — текущий счет

3. specimen n

4. sole provider

5. quarterly repayments

6. resort to legal procedures

7. a/m = above mentioned

8. principal n

• образец

• непосредственный источник

• ежеквартальные процентные выплаты

• прибегнуть к судебной проце­дуре

• вышеупомянутый

• основная сумма кредита (в от­личие от процентных плате­жей за кредит)

• дебетовать, вычитать

9. to debit v

Accounting in a Company

Work of no company is possible without measuring and recording the financial data concerning its activity. This process is called accounting and the main document of it is called the balance sheet¹ of the company.

The balance sheet consists of two parts: assets² and liabilities³, which should be equal in sum, thus balancing each other.

Besides this balance, which is one of the main organizational principles of any company, accounting serves many other purposes, for example, the company's communications with organizations outside of it, e.g. banks or tax inspections.

More or less brief summaries of the company's performance or balance sheet are called in Britain "accounts" and in America "financial statements". This information is carefully studied by a bank crediting a company.

NOTES

1.	balance sheet	— баланс (документ)
2.	assets n	— активы
	current assets	— текущие активы
	long-term assets	— долгосрочные активы
3.	liabilities n	— расходы
	current liabilities	— текущие расходы

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Below are two examples of companies' balance sheets. 1) Trade Innovation Company and Subsidiaries¹ Consolidated² Balance Sheet as at³ Dec. 31, 2006.

Year	2006	2005
Current Assets Cash Marketable Securities^4 Receivables^5Inventories^6Long-Term Assets Property, Plants and Equipment Investments Receivables Goodwill^7 Deferred Expenses^8Total Assets	300,000 180,000 24,000 56,000 40,000 108,860 21,120 4,000 4,140 48,000 11,600 408,860	236,000 138,000 21,000 52,000 24,000 64,000 19,000 2,000 2,000 40,000 10,000 300,000
Current Liabilities Loans Payables^9Long-Term Liabilities Loans Other Liabilities and Provisions^10Total Liabilities	60,000 40,000 20,000 86,000 80,000 6,000 146,000	52,000 36,000 16,000 64,000 60,000 4,000 116,000
Net Assets Employed^11	262,860	184,000
Shareholders' Interests^12 Share Capital Reserves Retained Earnings^13Minority Interests^14Total Shareholders' Interests	100,000 60,000 4,286 40,000 20,000 120,000	60,000 34,000 4,000 26,000 10,000 70,000

2) "Petrograd Company" Balance Sheet as at...

Year	2006	2005
Assets Current Assets Cash Marketable Securities at Cost Accounts Receivable Less Allowance for Bad Debts^15 Stock-in-Trade Total Circulating Capital Capital Assets (Property, Premises, Plant and Ma­chinery Equipment) Land Building Machinery Office Equipment Less Accumulated Depreciation^17 Net Capital Asset Prepayment and Deferred Charges Intangibles (Goodwill, Patent, Trademark) Total Assets
Liabilities Current Liabilities Accounts Payable 18 Promissory Notes Accrued^19 Expenses, Payable Income Tax, Payable Total Current Liabilities Long-Term Liabilities First Mortgage Debenture^20, 5% Interest, due 2005 Total Liabilities

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1. WORDS AND EXPRESSIONS

   subsidiary n

2. consolidated adj

3. as at...

4. marketable securities

5. receivable n

6. inventories n

7. goodwill n

intangibles n

8. deferred expenses

9. payables n

10. provision n

11. net assets employed

12. shareholders' interests

13. retained earning

14. minority interests

15. less allowance for bad debts

16. stock-in-trade

17. less accumulated depreciation

18. promissory notes

19. accrued adj to accrue v

20. debenture n

• филиал, дочерняя компания

• консолидированный

• по состоянию на ...

• рыночные ценные бумаги

• причитающиеся суммы

• запасы товаров

• "гудвил", деловая репутация, престиж, кадры и контакты (в денежном выражении)

• нематериальные активы

• отсроченные платежи

• суммы к выплате

• обеспечение

• стоимость чистых активов

• процент по акциям

• оставшаяся прибыль

• процент по акциям, выплачи­ваемый миноритарным акци­онерам

• за вычетом стоимости нена­дежных долгов

• товарная наличность, товар­но-материальные запасы

• за вычетом падения стоимости от износа

• долговые расписки

• накопленный

• накапливаться, нарастать

• дебиторская задолженность