IV. Speaking Practice

1. Dramatize the dialogue and make up your own by analogy.

(Peter and Karen work in a large company. They are having dinner in the company cafe).

A

Peter Hi, Karen. Glad to meet you. You looked very busy this

morning.

There were so many statements on your table. Karen Oh, Peter, This is the end of the year. The accounting

department is very busy. Peter I know. We are all very busy, totaling accounts. But I've

already turned in the report on my department. Karen Good.

B

Peter So, how's business?

Karen I don't know everything. I am busy with some records and

statements. I don't have the whole picture. But I think the

company is doing very well. Peter I am sure of it. We have to keep our creditors and investors

happy. Karen Well, the balance sheet and profit and loss statement are ready.

It is the end of the fiscal year. So everybody can check out the

assets and liabilities, net worth and profit position of the

company in the financial statements.

2. Make up the dialogue about accounting:

1. between an experienced accountant and a university graduate who has just began to work as an accountant;

1. you are an employer and you want to hire an accountant, find out if he (she) is experienced enough in accounting.

3. Speak about the accounting profession.

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V. Written Task

1. Translate into Russian using a dictionary.

Accounting is shaped by the environment in which it operates. Just as nations have different histories, values, and political systems, they also have different patterns of financial accounting development. In a number of countries accounting information is directed primarily toward the needs of investors and creditors, and “decision” usefulness is the overriding criterion for judging its quality. Financial accounting in the US and Great Britain has had such an orientation for many years. Moreover, these countries have large and developed stock exchanges and bond markets. As a result, a great deal of information is disclosed in companies' financial reports; and determining profitability is an objective of financial accounting. However, in other countries, financial accounting has a different focus and performs other roles. For example, in some countries, financial accounting is designed primarily to ensure that the proper amount of income tax is collected by the national government. This is the case in most South American countries. In other countries, financial accounting is designed to help accomplish macroeconomic policies, such as achieving a predetermined rate of growth in the nation's economy. Whether income tax and economic policy information are also useful to individual investors and creditors is somewhat beside the point. In such countries as Switzerland, Germany, and Japan the environment is characterized by a few, very large banks that satisfy most of the capital needs of business. Ownership also tends to be concentrated. The information needs are satisfied in a relatively straightforward way – through personal contacts and direct visits. Not surprisingly, the financial reports tend not to contain as much information as US companies' reports. And since banks are the primary source of capital, financial accounting is oriented toward creditor protection. France and Sweden offer still another orientation of financial accounting. National government plays a strong role in managing the country's resources. Governments also actively ensure that businesses have adequate capital and will lend or even invest in companies if necessary. Financial accounting is oriented toward decision making by government planners.

*2. Form nine complete sentences by combining sentence parts from (A), (B) and (C). A

1. a business organization

1. whenever the firm

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3. Decreases result from

3. the owner's claim to

3. The account title

3. individuals and business

3. Some business firms

3. the opening cycle is treated

3. increases and decreases in the firm

B

1. Accountants frequently refer to

1. In financial accounting

1. for which the account was established

1. Local, state and federal governments

1. enters into a legal contract

1. withdrawals by the owner and

1. have also developed codes of ethics

1. the assets of the business

1. should be logical to help

C

1. A transaction occurs

1. Every account format must provide for

1. as an accounting entity

1. from a net loss for the period

1. the accountant group similar transaction into the same account

1. levy taxes on

1. for their employees to follow

1. as a period of one year

1. This account shows

JOBS AND CAREERS (вариант III)

“CAREERS IN FINANCE”

To have money is a good thing; to have a say over the money is even better.

Цели:
Вы должны знать:	Вы должны уметь:
1. Лексика:	1. Читать и переводить тексты по	теме,
активный словарь по теме.	используя активный словарь урока.
2. О роли финансиста в организации, и об	2. Вести диалог и рассказывать о	своей
основных элементах финансовой системы.	будущей профессии.

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