D. Fill in the blanks.

1) Management accountants work with the …

2) Chief accounting officer is called a … or … … …

3) Industrial accountants work for …

4) … are in charge of the protection of the firm’s assets.

5) A … … … must pass a series of examinations.

6) … … assists business in preparing tax returns.

7) Management accounting services are … … of … …

E. Discuss the following questions with your partner.

1) What spheres is the field of accounting divided into?

2) What do managerial accountants deal with? What accountants work in this field on different levels of organizations?

3) What is public accounting concerned with? What spheres are included into public accounting?

4) What are the duties of internal auditors?

5) What is the most important function of a CPA?

6) What is the purpose of management advisory services?

7) What areas are included into governmental accounting?

Reading 2: The accounting equation

A. Study the topical vocabulary.