6. 财经英语unit6Accounting and Bookkeeping

1、Unit 6 Accounting and Bookkeeping,English for finance,Part I Reading and Translating,Task 1 Match the following abbreviations with the corresponding full names and then translate them into Chinese.,AAA A. Certificate in Management Accounting F. 美国会计学会 APB B. Generally Accepted Accounting Principles

2、H. 会计原则委员会 CIA C. Financial Accounting Standard Board G. 注册内部审计师 CPA E. Statements of Financial Accounting Standards J. 注册会计师 CMA F. American Accounting Association A. 管理会计证书 FASB G. Certified Internal Auditor C. 财务会计准则委员会 GAAP H. Accounting Principles Board B. 一般公认会计原则 SFAS J. Certified Public Acco

3、untants E. 财务会计准则报表,1. F, 2. H, 3. G, 4. J, 5.A, 6. C, 7. B, 8. E,Task 2 Scan Passage A and find the answers to the following questions.,1. What is the main purpose of the accounting systems?,2. What are the elements of internal control?,They are designed mainly to provide information that managers

4、and outsiders can use in decision making.,It is to provide managers and outsiders with information that can be used in decision making. Asset protection and internal auditing.,Task 3 Read Passage A and judge whether the following statements are TURE or FALSE. Put a tick () in the related box.,Task 4

5、 Watch each of the terms in Column A with its appropriate definition in column B.,Column A,Column B,Suppliers Shareholders tax return Asset Fidelity Payroll Auditing reimbursement,anything owned by an individual or business that has commercial or exchange value b. a repayment (of a spender or of mon

6、ey) c. a list of employees and the amount of wages to be paid to them d. a person or firm that provides something, esp. goods e. an official examination of the accounts of a business or society f. truthfulness g. a statement filled in by the taxpayer h. a person who owns shares in a company,d,a,b,c,

7、e,f,g,h,Task 5 Complete the following statements according to Passage A.,The purpose of accounting systems are: (1) to provide information that managers can use in decision making(2) to produce operating documents(3) to protect the companys assets(4) to provide data for company tax returns(5) to pro

8、vide cost data,2. The accounting organization is responsible for preparing documents that contain instructions for a variety of tasks,3. Internal controls contains: (1) reducing the chances of loss of assets or of unobserved thefts (2) seeing whether prescribed data handling and asset protection pro

9、cedures are being followed,Task 6 Fill in the blanks with the words or expressions given below. Change their forms where necessary.,conform to serve the purpose go beyond impose divisional on behalf of internal procedure diverge from administrative,An auditor is a member of staff who audits the acco

10、unts of the company he works for. 2. If you havent got cash, a credit card . 3. I am writing the shareholders. 4. The customs a 10% tax increase on luxury items. 5. Their business interests their aims, and finally they had to sell the company. 6. Once you have become a member of the staff, you must

11、the companys regulations. 7. Accounting refers to the orderly steps taken by accounting staff in keeping proper financial records. 8. The price our means; we simply couldnt afford. 9. An cost is a business expense thats related to the company as a whole instead of one specific department. 10. The ca

12、lculation of income must consider transactions that occur between diversions, and between the diversion and corporate headquarters.,internal 2. will serve the purpose 3. on behalf of 4. have imposed 5. diverged from 6. conform to 7. procedure 8. went beyond 9. administrative 10. divisional,Task 7 Co

13、mplete the following sentences by translating the parts given in Chinese.,The function of accounting is （把有用的信息提供给人们）to help them make better decisions. （制作凭证）is one of accountings most important jobs. 3. These data are extremely useful in （完成公司税务报表）. 4. Nowadays all the accounting staff have learne

14、d how to （通过电子计算机处 理数据）. 5. One of an internal auditors tasks is to see whether （资产保护制度）are being followed.,1. to provide useful information to people 2. Document preparation 3. the completion of the companys tax returns 4. process data through electronic computers 5. the asset protection procedures

15、,Task 8 Translate the following paragraphs into Chinese.,Paragraph 1,Accounting is a system of gathering, summarizing, and communicating financial information for a business firm, government, or other organization. Accounting, also called accountancy, enables decision makers to interpret financial i

16、nformation and use the results in planning for the future. For example, such data tell executives which products or departments are doing well and which poorly.,会计是企业、政府或其他机构收集、总结、交流财务信息的系统。会计使决策者能解释财务信息并利用其结果计划未来。例如，这些数据可以告诉企业管理者哪些产品和部门做得好，哪些差劲。,Paragraph 2,Business people often call accounting the

17、 “language of business” because they use accounting data in communicating about a firms activities. Information provided by accountants helps managers and other executives understand the results of business transactions and interpret the financial status of their organization. With this knowledge, m

18、anagers can make decisions about such matters as production, marketing, and financing. Charities, churches, colleges, government agencies, and other nonprofit organizations also use accounting to keep track of their financial situation.,经商者常把会计称作“商业语言”，因为他们交流公司活动时使用会计数据。会计师提供的信息帮助经理和其他管理人员理解商业交易的结果，

19、了解公司的财务状况。了解这些情况后，经理们可以就生产、营销和财务方面的事项做出决策。慈善机构、教会、大学、政府部门和其他非盈利性组织也利用会计来记录他们的财务状况。,Task 9 Complete the following statements according to Passage B.,A business has assets of ￥150 000 000 and liabilities of ￥70 000 000. its owners equity may be . 2. The report of a companys assets, liabilities and own

20、ers equity is called a . 3. The purchase of a machine on account will an asset and meanwhile a liability. 4. The purpose of the trial balance is to list all the accounts with .,80 000 000 yuan (RMB) balance sheet 3. increase; increase 4. their balances,Double-entry bookkeeping is a system by which e

21、ach (1) has two sides, a (2) side and a (3) side, and each (4) is entered twice, as a debit in one account and as a credit in another. The rule is : debit the receiver, credit the (5) . Every debit must have a corresponding credit and every credit a (6) . If all the (7) have been correctly made, the

22、 total of all the debits must at any time equal (8) . An accounting equation is an expression of the relationship between the(1) and (2) and(3) of an enterprise. It is stated as Assets=(4) +(5) . The two sides must always (6) . A balance sheet is a statement showing the (1) of a business at a (2) ,

23、usually at the end of the financial year. An income statement, also termed a profit and loss account is based on the totals for (1) , reflecting the organizations (2) over a given time period. It is prepared for the purpose of calculating the net profit of the business before (3) .,Task 10 Supply the missing information in the following statements according to Passage B.,1. (1) account (2) debit (3) credit (4) transaction (5) giver (6) corresponding debit (7) entries (8) the total of all the credits 2. (1) assets (2) liabilities (3) equity (4) Liabiliti