Grammar in Use Expressing necessity/ lack of necessity must/have to

present	have/has to	must
past	had to	had to
future	will have to	must

5. Put the words in brackets into the correct tense.

1. The Council (have to) find ways of cutting cost next year.

2. I (have to) finish the report yesterday.

3. You (not/have to) check the figures. I have already done it.

4. The applicant (must) take his exams tomorrow.

5. Companies (have to) disclose all relevant financial information in their annual reports.

6. The company (have to) follow accounting rules.

7. We (have to) contact our head office as we had some problems.

8. They said I (must) have professional work experience in public accounting

9. She (not/have to) do any work at home.

10. I (have to) pay in advance?

6. Translate into English.

1. Вам приходится задерживаться на работе?

2. Чтобы стать сертифицированным бухгалтером, вам нужно сдать ряд сложных экзаменов.

3. Компании должны применять стандарты бухучета при составлении отчетов.

4. Мне придется проверить все цифры еще раз, я не могу найти ошибку.

5. Ему не пришлось делать новые расчеты.

6. Вы должны сдать отчет в срок.

7. Главный бухгалтер вынужден был взять всю ответственность за допущенные ошибки на себя.

8. Ему придется пересдавать экзамены?

Speaking Task

7. Work in pairs. Discuss with your partner the importance of applying accounting principles and standards in preparing reports.

Writing

8. Translate the text into English. Add 5 or 6 sentences to express your own opinion on the topic. Use the phrases given in Chapter II, Unit II, ex. 9.

Российские стандарты бухгалтерского учета (РСБУ) - это совокупность норм федерального законодательства России и Положений по бухгалтерскому учёту (ПБУ), издаваемых Министерством Финансов РФ, которые регулируют правила бухгалтерского учёта. Применяются наряду с МСФО, GAAP США и другими бухгалтерскими стандартами деловой практики.

РСБУ обязательны к применению на территории Российской Федерации и распространяются на небанковские коммерческие организации. Учёт банковской деятельности ведётся в соответствии с правилами, издаваемыми Центральным Банком России.

Одним из принципиальных отличий российского бухгалтерского учёта от МСФО является жёсткая регламентация действий бухгалтера. В связи с этим российские бухгалтеры сталкиваются со значительными трудностями при трансформации отчётности по МСФО. В РСБУ существует единый план счетов, обязательный для применения. РСБУ традиционно ориентируются на запросы регулирующих органов, в первую очередь налоговых, в то время как МСФО ориентированы главным образом на пользователей, имеющих действительный или потенциальный финансовый интерес в субъекте отчётности: акционеров, инвесторов.

Chapter VI

Taxation

UNIT I

Types of taxes

Reading

Governments finance most of their expenditure by taxation. If they spend more than they levy or charge in taxes, they have to borrow money. So, taxation is the system by which a government takes money from people and spends it on things such as education, health, and defence.

Direct taxes are collected by the government from the income of individuals and businesses.

Individuals pay income tax on their wages or salaries, and most other money they receive.

Most countries have a capital gains tax on profits made from the sale of assets such as stocks or shares. This is usually imposed or levied at a much lower rate than income tax.

A capital transfer tax (commonly called death duty in Britain) is usually imposed on inherited money or property. Other names for this tax are inheritance tax or estate tax.

Companies pay corporation tax on their profits. Business profits are generally taxed twice, because after the company pays tax on its profits, the shareholders pay income tax on any dividends received from these profits.

Companies and their employees also have to pay taxes (called national insurance in Britain) which the government uses to finance social security spending - unemployment pay, sick pay, etc.

Indirect taxes are levied on the production or sale of goods and services. They are included in the price paid by the final purchaser.

In most European countries, companies pay VAT or value-added tax, which is levied at each stage of production, based on the value added to the product at that stage. The whole amount is added to the final price paid by the consumer. In Canada, Australia, New Zealand and Singapore, this tax is called goods and services tax or GST.

In the USA, there are sales taxes, collected by retailers, levied on the retail price of goods.

Governments also levy excise taxes or excise duties - additional sales taxes on commodities like tobacco products, alcoholic drinks and petrol.

Special taxes, called tariffs, are often charged on goods imported from abroad.

Income tax for individuals is usually progressive: people with higher incomes pay a higher rate of tax (and therefore a higher percentage of their income) than people with lower incomes. Indirect taxes such as sales tax and VAT are called proportional taxes, imposed at a fixed rate. But indirect taxes are actually regressive: people with a low income pay a proportionally greater part of their income than people with a high income.