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109
They are communicated to interested parties.
Interested parties are within or outside the organisations
This information is useful and informative.
It is useful to present and potential investors, creditors and other users.
It helps them to make rational investment, credit and other decisions.
Accounting is a direct result of the work of accountants and auditors
• It helps to answer their questions.
Accountants capture the correct data and prepare reports.
This financial information is then made available to owners, lenders and other users.
Bookkeepers operate some form of accounting system.
3. Complete as in the text:
Accounting can be defined... the measuring and recording. . all relevant financial data.
... the UK such summarised form of financial reporting is called...
... the USA it is called...
Financial reporting provides information that is useful to... and other users.
Accounting is a direct result of the work of...
Accountants specialise in the art ... capturing the correct data and preparing reports... that data.
This financial information is made available to consumers such as...
Accountants are assisted in their work... bookkeepers.
Accountants report the many thousands... transactions that affect... every year.
4. Make sentences:
• Accounting can be defined
as
measurin
g recording
financial data
financial data
• Financial reporting is
called
in the
UK in the
USA
financial
statements accounts
• This information is communicated to
owner
mana
invest
credit
lender
other
• It helps them to make
ra-tional
invest
ment
deci
sions
credit
other
5. Underline the auxiliary and modal verbs in the following questions:
How much profit did the company make last year?
How much can I withdraw from the company?
Is this company successful?
Was last year an improvement?
6. Match English and Russian equivalents:
Accounting is often
referred
Бухгалтеры осуществляют
to as the language of
business
выборку необходимой ин-
формации.
a wide range of users of fi-
nancial reporting
Они также занимаются
подготовкой отчетов.
Accountants are individuals
specialised in capturing the
correct data.
Их финансовая
информация предоставляется
различным пользователям
They are also specialised in
Бухгалтер делает выборку,