Scanning

3.4.2 Scan the text to determine whether these statements are true (T) or false (F), and if they are false say why:

3.4.3 Scan the text and find the information to complete the following lists:

2. Managerial accounting information is used by management to:

A ________________________________________________________

B ________________________________________________________

C ________________________________________________________

D _______________________________________________________

E ________________________________________________________

2. The external users of accounting information seek answers to the following questions:

A ________________________________________________________

B ________________________________________________________

C ________________________________________________________

D _______________________________________________________

E ________________________________________________________

3.4.4 Scan the text and find the English equivalents for the following:

· бухгалтерский учет

· коммерческая организация

· благотворительное общество

· обязанность руководителя

· основная цель

· процесс принятия решений

· реагировать на неожиданные события

· быть включенным в утвержденный бюджет

· вопросы, относящиеся к фирме в целом

· для внутренних и внешних пользователей

· долгосрочное и краткосрочное планирование

· финансовые отчеты

· балансовый отчет

· отчет о прибылях и убытках

· отчет об изменениях в финансовом положении

· промежуточный отчет

· аудиторское заключение

· годовой отчет

· отчет о нераспределенной прибыли

· соответствовать определенным стандартам

3.4.5 Develop the following ideas. Make use of the active vocabulary, given in brackets:

1. Accounting is a system that provides information about the amounts of different resources used by different organizations.

(to record and analyze financial activities, to translates something into meaningful terms, to be used by interested parties, to require services, to generate statements, to keep track of something, business transaction, to be stated in the monetary form)

2. Implementation and control as well as planning are management functions.

(to be implemented, to take actions, to achieve the planned results, to make more detailed implementation plans, to be encompassed in the approved budget, to be routine, to react to unanticipated events, to adjust for the new conditions, a means of communication, motivation, attention-getting, appraisal)

3. Financial accounting informationis intended both for managers and for the use of parties external to the organization.

(to include shareholders, bankers, creditors, general public, government agencies; to furnish capital to a company; to sell one’s shares; to borrow money; to be sound; a high profitability; to fall due; an external user; ; to acquire an ownership interest; to earn satisfactory profit; to pay one’s debts; to pay increased wages; to offer something at reasonable prices; to earn a fare rate of return on one’s capital investment; to remain profitable)

4.Financial statements provide information on a firm’s financial condition, on changes in this position, and on profitability.

(to relate to the firm as a whole; to maintain records, an accounting period, the calendar year, fiscal year, outsiders, to pertain to the firm, to extend credit to somebody, to conform to certain standards, GAAP, financial statements, financial condition, profitability, an annual report, to contain the auditor’s opinion, the fairness of the financial statements)

Accounting principles are built on a foundation of a number of basic concepts.

(to pertain to the firm in its entirety, historical information, interfirm comparisons, to conform to certain standards, GAAP, IFRS, a basic similarity, to differ from country to country)