1 1: Text. Types of Proprietorship





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Тема 5

ТЕХТ

ACCOUNTING

Accounting shows a financial picture of the firm. An accounting department records and measures the activity of a business. It reports on the effects of the transactions on the firm's financial condition. Accounting records а very important data. It is used by management, stockholders, creditors, independent analysts, banks and government.

Most businesses prepare regularly the two types of
records. That is the income statement and balance sheet
These statements show how money was received and spent
by the company.

One major tool for the analysis of accounting records is ratio analysis. A ratio analysis is the relationship of the 2 figures. In finance we operate with three main categories of ratios. One ratio deals with profitability. For example, the RETURN ON INVESTMENT RATIO. It is used as a measure of a firm's operating efficiency. The second set of ratios deals with assets and liabilities. It helps a company to evaluate its current financial position. The 3rd set of ratio deals with the overall financial structure of the company. It analyses the value of the ownership of the firm.

1. TO RECORD - ЗАПИСЫВАТЬ

РЕГИСТРИРОВАТЬ

2. TRANSACTION - СДЕЛКА,

(банковская) ОПЕРАЦИЯ

3. ТО PROVIDE DATA -ОБЕСПЕЧИВАТЬ

ДАННЫМИ

  1. INCOME STATEMENT -ОТЧЕТ О ДОХОДАХ

  2. BALANCE SHEET -БАЛАНСОВЫВЙ

ОТЧЕТ


6. RATIO ANALYSIS -АНАЛИЗ

КОЭФФИЦИЕНТОВ

  1. ТО EVALUATE -ОЦЕНИВАТЬ

  2. OVERALL FINANCIAL - ПОЛНАЯ ФИНАН-
    STRUCTURE СОВАЯ СТРУКТУРА

  3. ТО TURN - СДАТЬ ОТЧЕТ

IN THE REPORT

10. PROFIT AND - ОТЧЕТ ПО ПРИБЫ-

LOSS STATEMENT ЛИ И УБЫТКАМ

11. ASSETS AND - АКТИВ И ПАССИВ

LIABILITIES

I2. NET WORTH - А) СТОИМОСТЬ ИМУЩЕС­ТВА ЗА ВЫЧЕТОМ ОБЯЗА­ТЕЛЬСТВ

- Б) СОБСТВЕННЫЙ КАПИ­ТАЛ ПРЕДПРИЯТИЯ

13.PAY CHECK - ПЛАТЕЖНЫЙ ЧЕК

  1. GROSS - ВАЛОВЫЙ, БРУТТО
    I4.NET - ЧИСТЫЙ, НЕТТО

  2. FISCAL YEAR - ФИСКАЛЬНЫЙ (бюджетный) ГОД

DIALOGUE

A. Hi, B, Glad to meet you. You look very busy this morn­ing. There were so many statements on your table.

B. Oh, A. This is the end of the year. The accounting
department is very busy.

A. I know, we are all very busy, totaling accounts. But I've already turned in the report on my department.

B. Good.

A. So, how's business.

B. 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.

A. I am sure of it. We have to keep our creditors and inves­tors happy.
B. Well, the balance sheet and profit and loss statement
are ready it is the end of the fiscal year. So every body can
check out the assets and liabilities net worth and profit
position m the financial statements.

A. Do you work with the pay cheeks?
B. Why are you asking?

A. I thought you could explain me the big difference be­tween my gross pay and my net take-home pay.

B. Explanation takes only one word - taxes. Actually the sal­ary are done through the computer.

A. Really?

B. Sure. We can't handle any volume in a large company
without computers.

Grammar Exercises

Exercise 38. Make the sentences negative.

M o d e l: I worked as an accountant in a big corporation

I didn’t work as an accountant in a big corporation.

  1. An accounting department reported on the effects of the transactions.

  2. They studied carefully income statement and balance sheet.

  3. We used ratio analysis to determine the firms operating efficiency.

  4. The accountants checked the assets and liabilities.

  5. The accounting department provided data for the management.


Exercise 39. Put up four questions of different types to each sentence (general, special, disjunctive, alternative).

M o d e l: The accounting department regularly prepared the income statement and balance sheet.

1. Did the accounting department regularly prepare the income statement and balance sheet?

2. What did the accounting department regularly prepare?

3. The accounting department regularly prepared the income statement and balance sheet, didn’t it?

4. Did the accounting department prepare the income statement or a financial statement?

  1. The board of directors checked out assets liabilities and net worth.

  2. He worked as a Comptroller of the company for two years.

  3. The applicants sent their resumes and letters of interest.

  4. She used to do books in a big company.

  5. Some governmental corporations issued stock certificate.







Exercise 27. Поставьте глаголы, стоящие в скобках, в зависимости от смысла, в Present Indefinite, Present Continuous, Present Perfect или Present Perfect Continuous:

1. Helen (to learn) English at the Institute. She (lo learn) English since last autumn 2. They are busy now. They (to discuss) an important question. They {to discuss) it since five o'clock. 3. Where is Comrade Petrov? _ He (to work) in the library —He (to work) long? —Yes, he (to work) since morning. 4. My brother (to be} in hospital He (to be) there for ten days. 5. Comrade Ivanov (to teach) French. He is a very experienced teacher. He (to teach) French for fifteen years. 6 I (to know) Peter well.—Since when you (to know) him? —I (to know him) since 1940.


Train Participle I and Participle II.
Exercise 40 (1). Переведите нa русский язык следующие словосочетания.

a) a smiling girl, playing children, a writing boy, a falling tree,

a laughing.baby, a sleeping man, a walking couple, reading audience, a running sportsman, a developing country, a crying child, a burning house.

b) a broken cup, a translated text, an unanswered letter, an
opened window, a closed door, an occupied room, a written
letter, a fallen tree, a discussed problem, produced goods, a
cooked dinner, a surprised man, lighted windows, a developed
country.

Exercise 40 (2) Определите форму и функцию причастия в следующих предложениях. Переведите их на русский язык.

1. This is the book so much spoken about. 2. Having realized
that she had missed the train the woman began to walk slowly.
3. The method followed by our scientists was not simple. 4. She
was walking slowly stopping sometimes to have a short rest. 5.
Having found no one at home he went to his neighbours. 6. A
letter lying on the table must. be posted. 7. If asked he will
explain you everything. 8. We came up to the crying girl to ask
where her mother was. 9. Here is a telegram announcing his
death. 10. I saw him working in the garden. II. I heard them
speaking in the next room.

Vocabulary Practice

Exercise 40(3) Choose the necessary word and put it in the sentence.
1. ... funding is a financing formed by borrowing.

2. They have borrowed much money and they have to pay a big....

  1. Financing by shares is called... funding.

  2. That is a very profitable deal, for that purpose we need extra ....

  1. You can sell your shares and ... . They are …

  2. The current assets of a company usually include cash and....

  3. As a result of this deal we'll have greater... than outflow.

(equity, negotiable, interest, inventory, funding, inflow, bond, debt)

Vocabulary Practice.
Exercise 34. Choose the necessary word and put it in the sentence.

  1. An accounting helps ... the activity of a business.

  2. Do you know the effect of your last … on financial condition of the firm?

  3. Accounting records provide … for stock-holders, independent analysts.

  4. The second type of ratio helps the company … its current financial position.

  5. … is one the two main records which most of the businesses prepare regularly.

  6. The … of the company includes real estate in California.

  7. I am sure of the … of this transaction.

  8. Our company’s current … is very high.

  9. They … from the association with that corporation.

(to profit, profit, efficiency, ownership, to evaluate, transaction, data, income statement, to measure)
Exercise 42. Mаkе the sentences negative.

M o d e l: This bank was making loans to corporations during two months last year.


This bank wasn't making loans to corporations during two months last year.

  1. They were discussing the possibility of the purchase of
    inventory from 5 till 6 p.m. yesterday.

  2. He was running the corporation during two months.

  3. During our last classes the lecturer was speaking about
    equity funding.

  4. Our accountant was calculating assets liabilities and net
    worth two days before yesterday.

  5. They were electing the new Board of Directors for two
    hours at their annual meeting.

Exercise 43. Put up four questions of different types (general, special, disjunctive, alternative) to each sentence.

M o d e l: The company was doing extremely well when he was the manager.

  1. Was the company doing extremely well when he
    was the manager?

  2. When was the company doing extremely well?

  3. The company was doing extremely well when he
    was the manager, wasn't it?

  4. Was the company doing well or badly when he
    was the manager of the company?




  1. I was examining the Annual Report when Mr. Stevenson
    called on me.

  2. She was making a profit on the sale of the goods till she
    could get them.

  3. He was holding a position of a stockbroker when I met him
    last year.

  4. The shop was attracting many customers, when it was
    supplied by famous companies.

  1. They were investing money in this business for two years.

Grammar Exercises

Exercise 23. Put the verbs in brackets into the proper present tense

(Present Indefinite, Present Continuous or Present Perfect).

  1. The vice president usually (to set) objectives for the staff.

  2. Don't disturb me, please, I (to work) with annual report.

  3. This firm often (to advertise) in different newspapers and magazines.

  4. We advertised in the special section of the newspaper but
    we (not to receive) the resumes yet.

5. We (to evaluate) already the candidates through the interview.

  1. We (to look for) a specialist suitable for the position at the
    present moment.

  2. He (to sent) just his resume and the letter of interest.

  3. They (to fire) the manager. He was not suitable for the position.

  4. You have to wait a little. He( to consult) with the executive.


Exercise 24. Grammar Exercise. Transform the sentences from Future Indefinite into Future-in-the-Past.

M o d e l: The accountant says that she will prepare the financial statement very soon.

The accountant said that she would prepare the financial statement very soon.

  1. He confesses that their business will fail.

  2. The government says that they will increase the taxes.

  3. The secretary says that she will get credit reference letter in two days.

  4. The lawyer states that the company won't be eligible for a loan.

  5. He is sure that he will get a credit.

  6. They suppose that the new product will be not so expensive.

  7. He thinks he will buy the stove in the discount house.

  8. He is happy that he will go on this business trip.


Тема 6

Text

WHERE AND HOW TO HIRE AN EMPLOYEE?

An employer has several options to consider when he wants to hire a new employee. First of all, he may look within his own company. But if he can't find anybody suitable for the position he will have to look outside the company. If there is a personal office in the company, he can ask them to help him to find a qualified applicant The employer can also use another valuable sources, for example, employment agencies, consulting firms; placement offices and professional societies. He can also advertise in a newspaper or in a magazine and request candidates to send in resumes.

The employer has two sets of qualifications to consider if he wants to choose from among the applicants. He must consider both professional qualifications and personal characteristics. A candidate's education, experience and skills are included in his professional qualifications. These can be listed on a resume. ^Personal characteristics, or personality traits must be evaluated through interviews.

Translate the text into Russian.

Active Vocabulary

an option -

выбор

an employer-

наниматель, работодатель

an employee -

служащий, работающий




по найму

to consider-

рассматривать, принимать




во внимание

to be suitable for the position -

соответствовать должности

personnel office -

отдел кадров

an applicant -

кандидат на должность

valuable source -

ценный источник

employment agency -

агентство по найму

consulting firm-

консультационная фирма

to advertise -

помещать объявления,




рекламировать

resume-

резюме

two sets of qualifications -

два вида характеристик

experience-

(рабочий опыт)
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