Write 5 questions about the text.

Write 5 questions about the text.

This type of accounting is the most varied type. Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies of the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee healthcare benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients’ financial statements and report to investors and authorities that the statements have been correctly prepared and reported.

Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. A public accounting business can have one or more accountants and both certified and non-certified accountants can provide public accounting services to their clients.

Some public accountants specialize in forensic accounting – investigating and interpreting white collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions, such as money laundering by organized criminals. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques in order to determine if illegal activity is going on. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

1. An accountant is a professional who works for a company and is responsible for recording all of the financial aspects related to all type of taxes, income and expenditures, budgets, and many other things.

General and primary accountant responsibilities include, preparing general entries, maintaining balance sheets, ledgers and petty cash accounts on everyday basis. Given below are some of the additional accountant duties that are included in account job descriptions of many companies.

2. Auditing is a process in which an independent accountant-auditor examines a firm's accounting records and financial statements and offers an opinion on their accuracy and reliability.

There are different types of audits, for example, financial statements audits, income tax audits, "value for money" audits, environmental audits, administrative audits, financial management audits, etc.

The accountancy profession has built up a significant amount of expertise in performing financial statements audits.

3.

Билет 2

Describe the type of accounting.

What does the auditor's opinion help establish?

Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services to their clients. These services include public, management, and government accounting, as well as internal auditing. Beyond the fundamental tasks of the occupation – preparing, analyzing, and verifying financial documents in order to provide information to clients – many accountants now are required to possess a wide range of knowledge and skills. Accountants and auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services. Specific job duties vary widely among the four major fields of accounting: public, management, government, and internal.

1. type of accounting include public, government and management accounting, as well as internal auditing.

2.

3.

Билет 3

Describe the public Accounting.

How is an audit planned?

Write 5 questions about the text.

Accountants who specialize in this type of accounting are also known as private, industrial or corporate accountants. Management accountants provide their services to business houses for recording and studying the company’s financial data. Their portfolio in the private firms includes cost and asset management, budgeting and performance evaluation. This is more on the basis of employer-employee relation. They also perform internal audit to review the company financial management practices and keep an eye for any mismanagement and fraud. The accountants who perform these audits have specializations in compliance auditing, information technology auditing or environmental auditing.

1. This type of accounting is the most varied type. Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies of the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee healthcare benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients’ financial statements and report to investors and authorities that the statements have been correctly prepared and reported.

2.

3.

Билет 4

Describe the management Accounting

What do auditors normally start with?

Билет 6

Describe the internal audit.

What responsibilities do managers (directors) undertake with regard to the audit?

Билет 7

Describe the accountant Duties.

What are the responsibilities of auditors?

Write 5 questions about the text.

The accountant job descriptions of some companies may ask for accounting degree or diploma or commerce background. But some companies give priority to experienced personnel. But if you have both then your chances of getting hired by a good company are maximum. There are different types of accounting careers such as, public accounting, management accounting, government accounting, and auditor accounting etc. Each of the type requires different set of skills. So you must have the relevant qualifications. Apart from this, accounting is also industry specific, such as baking, investment, marketing, etc. so you must have the industry specific qualification, skills, and experience. But some of the common accounting job skills included in all the accountant job descriptions are given below.

An eye for details

Accuracy and perfection

Planning and prioritizing, and organizing skills

Knowledge of economics and accounting process

Networking and communication skills

Knowledge of relevant financial policies, laws, rules and regulations

Knowledge of relevant accounting software

Problem solving skills

Ability to handle pressures

Neat and tidy work practices

The above qualities are necessary to become a good and successful accountant.

1. General and primary accountant responsibilities include, preparing general entries, maintaining balance sheets, ledgers and petty cash accounts on everyday basis.

Maintaining daily accounts.

Preparing profit and loss statements annually or whenever required.

Maintaining the document of daily transactions on the computer as well as in hard copy format.

Preparing financial accounting reports and sending them to concerned authorities.

2.

3.

Билет 8

Describe the qualification Required for Accountancy.

Do auditors study and evaluate the accounting system and the internal accounting control during the audit? Do they rely on internal controls?

Билет 9

Билет 12

Билет 13

Билет 14

1. Describe the income statement.

2. What opinion was expressed?

3. Say in a few words what the text is about.

An accountant is a professional who works for a company and is responsible for recording all of the financial aspects related to all type of taxes, income and expenditures, budgets, and many other things.

General and primary accountant responsibilities include, preparing general entries, maintaining balance sheets, ledgers and petty cash accounts on everyday basis. Given below are some of the additional accountant duties that are included in account job descriptions of many companies.

Maintaining daily accounts.

Preparing profit and loss statements annually or whenever required.

Maintaining the document of daily transactions on the computer as well as in hard copy format.

Preparing financial accounting reports and sending them to concerned authorities.

Paying attention to taxation issues and preparing taxation reports.

Dealing with accounting and financial irregularities.

Analyzing financial information and preparing financial transaction reports.

Finishing the given tasks within financial deadlines.

Establishing sound accounting procedures.

Coordinating implementation of financial rules and regulations.

Reviewing the budgets of the company allotted to different tasks.

Explaining staff members, clients, business partners, investors, and associated about the billing invoices and financial and accounting policies of the company.

1. The income statement is a simple and straightforward report on a business' cash-generating ability. It's a scorecard on the financial performance of your business that reflects when sales are made and expenses are incurred. It draws information from the various financial models such as revenue, expenses, capital (in the form of depreciation) and cost of goods.

2.

3.

Билет 15

Билет 16

Билет 17

Performing an audit.

Билет 18

Билет 19

Билет 20

When did auditing appear?

Билет 1

Who is an accountant?

Write 5 questions about the text.

This type of accounting is the most varied type. Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies of the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee healthcare benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients’ financial statements and report to investors and authorities that the statements have been correctly prepared and reported.

Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. A public accounting business can have one or more accountants and both certified and non-certified accountants can provide public accounting services to their clients.

Some public accountants specialize in forensic accounting – investigating and interpreting white collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions, such as money laundering by organized criminals. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques in order to determine if illegal activity is going on. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

1. An accountant is a professional who works for a company and is responsible for recording all of the financial aspects related to all type of taxes, income and expenditures, budgets, and many other things.

General and primary accountant responsibilities include, preparing general entries, maintaining balance sheets, ledgers and petty cash accounts on everyday basis. Given below are some of the additional accountant duties that are included in account job descriptions of many companies.

2. Auditing is a process in which an independent accountant-auditor examines a firm's accounting records and financial statements and offers an opinion on their accuracy and reliability.

There are different types of audits, for example, financial statements audits, income tax audits, "value for money" audits, environmental audits, administrative audits, financial management audits, etc.

The accountancy profession has built up a significant amount of expertise in performing financial statements audits.

3.

Билет 2