IV. Language
Date: 2015-10-07; view: 423.
Ex.6.Match the definitions to the economic terms in the left column:
| 1. managerial accounting 2. fraud 3. budget 4. management 5. bookkeeping 6. profit 7. annual report 8. financial accounting 9. salary 10. an accountant 11. an owner 12. transaction | a) the recording of business transactions; b) usually monthly payment for regular employment on a yearly basis; c) the surplus excess of returns over expenditure d) a piece of business; e) the preparation of financial statements for people outside the firm (e.g. investors); f) a financial plan that allocates resources based on projected revenues; g) a person who owns smth.; h) a person whose profession is to keep and examine business accounts; i) criminal deception j) a group of people who run a business; k) the provision of information and analyses to managers within the organization to assist them in decision making; l) statement of the financial condition and progress of the organization during one given year. |
Ex.7.Fill the blanks with the suitable words:
1. The duty of management accountants is to see that company has good ...
(reputation, records, bonuses)
2. Managerial accounting is used ... information and analyses to managers within the organization
(to correct, to translate, to provide)
3. They aid in budgeting, ... planning, cost control and in preventing fraud.
(profit, tax, expense)
4. It's not easy thing to prepare proper ... for the company.
(promotional tools, decisions, financial reports)
5. More ... business executives have backgrounds in accounting and finance than in any other field.
(clever, qualified, top level)
Ex.8.Complete the sentences:
1. Managerial accounting is used to provide information and analyses to managers ...
2. Management accountants also set up a system of internal control to ....
3. His report answers the questions what goods and services ... and what...?
4. Computers enable company owners to ...
5. Financial information goes to owners ...
6. The annual report contains the information which is essential to the decision making system because ...
7. Many business fail because ...
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