Make word-combinations as in the model
| 3 | transactions | |
| bookkeepers | ||
| thousand | accountants | |
| banks | ||
| companies | ||
| thousands | of | entities |
| statements | ||
| decisions | ||
| consumers | ||
| owners |
9. Agree or disagree:
The use of the word "thousand" is very easy.
The word "hundied" is used in the same way.
The figures are very important in accounting
The woik of accountants is very important.
10. Sum up what the lecturer said about:
accountants and bookkeepers
financial accounting
Unit twenty eight
Balance sheets
Text
In the course course of the lecture on Accounting the lecturer distributed material with diagrams, tables and other information.
Here is a balance sheet sample distributed:
| ABICO INTERNATIONAL AND SUBSIDIARY COMPANIES CONSOLIDATED BALANCE SHEET as at December 31,1997 | ||
| à Current Assets: | 15,000 | 11,800 |
| Cash | 9,000 | 6,920 |
| Marketable Securities | 1,200 | 1,080 |
| Receivables | 2,800 | 2,600 |
| Inventories | 2,000 | 1,200 |
| à Long-term Assets: | 5,443 | 3,200 |
| Property, Plant and Equipment | 1,056 | 0,950 |
| Investments | 0,200 | 0,100 |
| Receivables | 0,207 | 0,100 |
| Goodwill | 2,400 | 2,000 |
| Deferred Expenditure | 0,580 | 0,500 |
| à Total Assets | 20,443 | 15,000 |
| à Current Liabilities: | 3,000 | 2,600 |
| Loans | 2,000 | 1,800 |
| Payables | 1,000 | 0,800 |
| à Long-term Liabilities: | 4,300 | 3,200 |
| Loans | 4,000 | 3,000 |
| Other liabilities and provisions | 0,300 | 0,200 |
| à Total Liabilities | 7,300 | 5,800 |
| NET ASSETS EMPLOYED | 13,143 | 9,200 |
| à Shareholder's Interests: | 5,000 | 3,000 |
| Share Capital | 3,000 | 1,700 |
| Reserves | 2,143 | 2,000 |
| Retained Earnings | 2,000 | 2,000 |
| à Minority Interests | 1,000 | 0,500 |
| à Total Shareholder's Interest | 6,000 | 3,500 |
Words and expressions
| table | ||
| balance sheet | ,() | |
| sample | ||
| balance sheet sample | ||
| subsidiary | [s@b'sIdj@rI] | |
| consolidated | ||
| consolidated balance | ||
| sheet | ( | |
| ) | ||
| as at | ||
| syn as of | ||
| current | ||
| assets | ['{sets] | : |
| (, | ||
| , - | ||
| , | ||
| ) | ||
| market | ||
| marketable | ||
| securities | [sI'kju@r@tIz] | |
| receivables | [rI'sÖv@blz] | |
| inventories | ||
| term | ||
| long-term | ||
| short-term | ||
| property | ||
| plant | , | |
| equipment | [I'kwIpm@nt] | |
| to invest | ||
| investor | ||
| investment | ||
| goodwill | ; ; (, , ; . | |
| to defer | [dI'fý] | () |
| expenditure | [Ik'spendI@] | |
| deferred expenditure | ||
| total | , | |
| liabilities | [,laI@'bIl@tiz] | : , |
| provisions | ||
| net | , | |
| to employ | ||
| net assets employed | ||
| share | ||
| share capital | ||
| shareholder | ||
| shareholders' meeting | ||
| interest | ||
| to retain | ||
| to earn | , | |
| earnings | , | |
| retained earnings | ( ) | |
| minority | ||
| minority interest | , |
|
|
|
Exercises
| 1. Translate into Russian: | |
| balance sheet consolidated balance sheet balance sheet sample | current assets current liabilities |
| receivables payables | shares share capital shareholder |
| interest shareholder's interest minority interest total shareholder's interest | earnings retained earnings |
| cash loans inventories marketable securities | current assets long-term assets total assets |
2. Read all the numerals in the text as in the examples:
| Example | nineteen ninety seven |
| Example | |
| 15,000 fifteen thousand (1,500,000 one million five hundred thousand) |
| Example Example Example | 11,800 eleven thousand eight hundred (11,800,000 eleven million eight hundred thousand) |
| 6,920 six thousand nine hundred and twenty (6,9200,000 six million nine hundred and twenty thousand) | |
| 0,950 nine hundred and fifty (950,000 nine hundred and fifty thousand) |
