english

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Task2

Give the English equivalents for the following word combinations:

Task 3

Exercise 1

You are going to hear a talk between William Buckhurst and Mr. Brent. Before you listen to the conversation look at these statements, which you will mark T (True) or F (False) after you have listened to the tape.

1.Having spent three hours at the books in Harper & Grant Ltd., the chief auditor asked the chief accountant to go into two small things so that Hector Grant could try and get the information straight away.

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2.The chief auditor started with the stock valuation and was puzzled by the figure for paint: it was listed as goods paid for, but he could find no record of payment.

3.Harper & Grant always buy paint on a sale or return basis and pay for it each quarter as we use it so Mr. Buckhurst presented a cheque for the total amount.

4.The chief accountant admitted his fault for the anomaly in stock valuation because it was him who accepted the figure in the Stock Department and they had forgotten the sale or return arrangement and put the paint in the wrong column.

5.Another anomaly was the cheques made out to members of the staff.

6.Clerks in the accounts department often cash cheques for staff as a service, the cheques are made out to the company by the individuals.

7.The chief accountant totals up the value of the cheques, comes to the cashier for a company cheque for the same sum, and then goes to the bank.

8.The staff members' cheques are paid in and an equivalent sum of cash is drawn out with the company cheque when the representative of the company goes to the bank..

9.According to the paying-in vouchers the amount paid in is less than the amount drawn out but the bank statement didn’t reflect it, which surprised Mr. Brent.

10.There was the difference of fifteen pounds between the amount paid-in and drawn out of the company.

Exercise 2

Act as an interpreter.

: ,

Donald Kennet: You wanted to see me, Mr. Buckhurst?

: , . . .

, . Kennet: Oh, yes. I certainly will if I can, sir.

:

, ?

Kennet: Yes, Mr. Buckhurst.

: ,

, ?

Kennet: Er... I was away for my holidays in the summer. I think that was the only time I didn't go.

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: , , ? , -

, … … . Kennet: What occasion do you mean? What are you referring to?

: ,

, .

, ?

Kennet: Er... I'm sure I don't know why the amounts should be different. They should be exactly the same. Can I look at the bank statements?

: . . Kennet: Thank you.

:

. , . Kennet: Yes... but I don't understand...

: , ,

,

, . , -

, ? Kennet: Look, I'm sorry, Mr. Buckhurst. I can explain it. I really was going

to pay it back later. You see I... my mother was ill and ...

: ,

?

. .

… .

Kennet: I didn't mean to steal it. I was going to pay it back. I intended to pay it back. I didn't mean to be dishonest, really I didn't ...

Exercise 3

Listen to the following extract from the conversation between Buckhurst and Brent, which shows how the situation progressed. Try to complete the gaps, using no more than three words in each case.

Buckhurst: I've found out … … … the difference in those two amounts. Brent: Oh?

Buckhurst: I'm afraid it was … … . It can only have been Donald Kennet, … … who always goes … … … . I'm very upset … … .

Brent: I wonder what he'll have to say … … .

Buckhurst: Yes. I'm just going … … now. He's waiting ... … … .

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Buckhurst: We're very glad you did … … . You have probably saved … … from an even … … .

Exercise 4

1.Consider the following points. Share your ideas with a partner or a small group. Be prepared to explain your answers to the class.

a)What does the work of W. Buckhurst entail?

b)Why is stock valuation one of the most difficult jobs?

c)What for are the cheques made out to members of the staff in Harper & Grant Ltd.? In what way are they cashed?

d)What is the reason for the anomaly in the bank statement?

e)What was wrong with the withdrawals on the bank statement?

2.Recount the situation as if you were Mr. Brent. Sum up the anomalies found in stock valuation and in the cheques made out to members of the staff.

3.Suppose you are Donald Kennet. Do you find it fair to dismiss you?

5.Give a lecture on auditing the accounts of a limited company. Illustrate it with the situation in Harper & Grant Ltd.

6.Act out

a)a conversation between Brent and Buckhurst. Discuss the pro and contra of stock valuation;

b)an imaginary talk between Buckhurst and Kennet after the dismissal;

c)a conversation between Brent and Buckhurst. Discuss the anomaly with the withdrawal on the bank statement.

Phrase list

Listen to the tape and practise the pronunciation of the following words and word combinations, quote the sentences in which they are used in the unit. Consult a dictionary and translate them into Russian.

to chase up bad debts Retail / wholesale business

to do business on a cash basis / on credit to defer payment

the amount (total) due on a particular transaction to receive long/short credit

to offer an inducement to somebody to become insolvent

debt collector

to be a good credit risk

to write to the bank for a reference

to get a drive on

to get payment on one or two of outstanding accounts retailer

overdue accounts to default

to put a professional debt collector on to collect debts to bring in a third party

to use legal pressure the salary scheme

to pay a basic salary supplemented by a commission on sales a graded salary based on sales quotas

to make an estimate on something (probable volume of sales) to keep up to the quota / to surpass the quota

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Task I

Consider the introduction to the unit. Answer the following questions and be ready to give a story line. Use the word combinations in brackets.

1.On what basis is business usually done?

(retail business; wholesale business ; to do business on a cash basis; to do business on credit; to collect debts; to chase up bad debts; money which has been owed to the firm for a long time)

2.On what terms does H&G Ltd. do business?

(to give credit; to defer payment; an individual sale; to send an invoice to the customer; a list of the goods delivered; the amount due on a particular transaction; to be sent an account; to show the total amount due)

3.In what way are due payments stipulated?

(to receive long credit from the suppliers; to give short credit to the customers; to be fairly common; to offer an inducement to customers; to pay earlier than somebody needs; to offer a discount; to pay slightly less; to pay within ten days of the date of invoice)

4.Do debtors always pay back? Why? What happens if not? What can be done to overdue accounts?

(the debtor cannot pay; to get the money; to supply the firm with goods; to become insolvent; to run the firm; to be dishonest; accounts not paid in time; overdue accounts; a sales representative; to collect the money; to make enquiries; to employ a professional debt collector)

5.Why do companies try to avoid being bad payers?

(to get a reputation for being a bad payer; to get supplies on credit; to give information about the financial situation of a company; to judge something; to be a good credit risk; to suggest that a supplier writes to their bank for a reference)

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Task2

Give the English equivalents for the following word combinations:

Task 3

Exercise 1

You are going to hear a talk between W. Buckhurst and Ch. Thorn. Before you listen to the conversation look at these statements, which you will mark T (True) or F (False) after you have listened to the tape.

1.Harper & Grant Ltd. give credit only for thirty days.

2.Doing business on retail basis Harper & Grant mean that payment may be deferred until the end of the month following that in which the goods were delivered.

3.Bush & Green, the retailer, has owed Harper & Grant Ltd. seven thousand pounds for office furniture for over nine months.

4.Mr. Buckhurst states that the firm send out the accounts at the end of every month.

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5.The chief accountant decides he will get the sales representative in the south-west, Mr. Shuttleworth on to the debt of Bush & Green because it’s time they did something drastic about this lot.

6.Christopher Thorn heard that Mr. Shuttleworth was going to a different region but it was only a rumour.

7.Harper & Grant Ltd. can put a professional debt collector on to collect some of the debts but W. Buckhurst is against that until they've done everything they can do themselves to get the money.

8.Christopher Thorn had sent a couple of rather strong letters to Bush & Green and there was a reply from the firm saying they had gone bankrupt.

Exercise 2

Act as an interpreter.

: , , .

?

Shuttleworth: Yes, I have, Mr. Buckhurst. He's just told me about my new area. He told me to come and see you about the new salary scheme.

: ? Shuttleworth: Not really.

: , ,

.

, .

Shuttleworth: What really interests me is whether I shall earn more money or less!

: , , .

,

, ,

. ,

- , ,

. ,

. Shuttleworth: I see.

: ,

.

?

Shuttleworth: Oh, I'm very pleased. I think it's about time I had a new area.

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Exercise 3

Listen to the following extract from the conversation between Buckhurst and Shuttleworth, which shows how the situation progressed. Try to complete the gaps, using no more than three words in each case.

Buckhurst: You did very well about that matter of … … … . We didn't even know that … … … had moved. How did you find out

… … … ?

Shuttleworth: Oh, an amazing bit of luck, really. I … … … Bush & Green

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Exercise 4

1.Consider the following points. Share your ideas with a partner or a small group. Be prepared to explain your answers to the class.

a)What is the usual term of payment for creditors in Harper and Grant Ltd.?

b)Can the payment be deferred?

c)How often does the firm send out the accounts?

d)Are there any ways to collect bad debts?

e)Why to bring in a third party, or to use legal pressure is a sure way to lose a customer?

f)In what way will the salary scheme be changed for sales reps.?

g)In what way was the bad debt of Bush & Green chased up?

2.Give a brief outline of the situation as if you were

a)William Buckhurst;

b)Christopher Thorn;

c)Mr. Shuttleworth;

d)Representative of Bush & Green.

3.Act out the dialogues between

a)Christopher Thorn and William Buckhhurst about the necessity of chasing up the outstanding debts;

b)W. Buckhurst and Mr. Shuttleworth about the new salary scheme;

c)Hector Grant and William Buckhurst about debtors and the activities of sales representatives.