THE WORK OF THE ACCOUNTANT

Exersise 3.1. Study the vocabulary:

 

diverse, diverse in nature різний, різноманітний, інакший; різноманітний за характером
to record записувати, реєструвати
to summarise підсумовувати, підводити підсумок
to verify перевіряти, контролювати, підтверджувати, вивіряти
significance значення
to be of great significance мати велике значення
to provide, to provide information надавати, забезпечувати, надавати інформацію
supply надходження, поставка
supply of data надходження даних
an enterprise підприємство
a key problem ключова (головна) проблема
meaningful значимий, значущий
prompt, promptly швидкий;швидко
tedious нудний, стомливий
inherent притаманний, природжений
vital vital information життєвий; насущний, суттєвий;суттєва інформація
to enable давати можливість
to contribute сприяти; (по)жертвувати; співробітничати (to - в)
to make a contribution робити внесок
to mould формувати

Exersise 3.2

Match the words with their meanings:

1. to record a) надходження даних
2. to verify b) давати можливість
3. significance c) нудний, стомливий
4. supply of data d) записувати, реєструвати
5. a key problem e) притаманний, природжений
6. tedious f) значення
7. inherent g) ключова (головна) проблема
8. to enable h) перевіряти, контролювати, підтверджувати, вивіряти
9. to contribute i) формувати
10. to mould j) сприяти; (по)жертвувати; співробітничати (to - в)

 

Exersise 3.3

Read and translate the text:

The work of the accountant is said to be diverse in nature but basically it deals with recording, summarising, analysing and verifying business transactions in books of accounts. The task of examining and analysing accounts is one of great significance because it makes it possible to provide information necessary for economic management. There is usually an unlimited supply of data available in an enterprise. The key problem facing accountants is the selection for presenting to the management only meaningful information. And the accountant is effective if he supplies information promptly and in a clear language.

Great and momentous changes are known to have taken place over recent years and the accountancy profession has gained an important status. The role of the accountant has changed and his functions have not only deepened but widened as well. The modern accountant is not like the old book-keeper - now a legend - who was often described as a dried-up narrow-minded person ignorant of everything but tedious operations with figures. The modern accountant begins to play an increasingly important role in business activity. He is now expected to perform various duties and his tasks are wider than they were a decade or two back. He acts as an adviser to management and helps the latter in decision-making. Under modern conditions only accountants can analyse business situations and minimise the degree of uncertainty inherent in every business decision. By providing vital information to the management the accountant enables them to assess their own performance and what is more important it helps them devise ways to improve their efficiency and performance.

In many countries of the world accountants are also believed to make a valuable contribution towards promoting economic growth of a country. Economic thinking is considered to be moulded by proper accounting information as well.

Exersise 3.4

Read the text again and choose the best variant:

1. The work of the accountant deals with …

a) buying goods for the company.

b) recording, summarizing, analyzing and verifying business transactions.

c) verifying business activities of the company.

 

2. The key problem facing accountants is …

a) management of the enterprise.

b) sending e-mails to business parties.

c) the selection for presenting to the management only meaningful information.

 

3. The modern accountant …

a) acts as an advisor to management and helps the latter in decision making.

b) acts as a director and manages the enterprise.

c) acts as a manager and is the director of the enterprise.

4. In many countries of the world accountants…

a) there are no accountants.

b) make a valuable contribution towards promoting economic growth of the country.

c) play no role in promoting economic growth of the country.

 

Exercise 3.5

Fill in the gaps then read and translate:

management situations decision assess efficiency duties important figures book-keeper accountant  

 

The role of the …1… has changed and his functions have not only deepened but widened as well. The modern accountant is not like the old …2… - now a legend - who was often described as a dried-up narrow-minded person ignorant of everything but tedious operations with …3… The modern accountant begins to play an increasingly …4… role in business activity. He is now expected to perform various …5…and his tasks are wider than they were a decade or two back. He acts as an adviser to …6… and helps the latter in decision-making. Under modern conditions only accountants can analyse business …7… and minimise the degree of uncertainty inherent in every business …8… By providing vital information to the management the accountant enables them to …9… their own performance and what is more important it helps them devise ways to improve their …10… and performance.

 

Exercise 3.6

Read the text again to find out which of the following statements are correct:

1. The work of the accountant is said to be diverse in nature but basically it deals with recording, summarizing, analyzing and verifying business transactions in books and accounts

2. The task of examining and analyzing accounts is not important

3. The key problem facing accountants is the selection for presenting to the management only meaningful information

4. No momentous changes are known to have taken place over recent years and the accountancy profession hasn’t gained yet an important status

5. The role of the accountant has changed and his functions have not only deepened but widened as well

6. The modern accountant begins to play an increasingly important role in business activity

7. The accountant acts as an adviser to management and helps the latter in decision-making

8. Under modern conditions nobody can analyze business situations and minimize the degree of uncertainty inherent in every business decision

 

 

Exersise 3.7

Read the text again and put the sentences into a chronological order:

1. The modern accountant acts as an advisor to management and helps the latter in decision making.

2. Great and momentous changes are known to have taken place over recent years.

3. In many countries of the world accountants are also believed to make a valuable contribution towards promoting economic growth of a country.

4. An accountant is effective if he supplies information promptly and in a clear language.

5. The modern accountant begins to play an increasingly important role in business activity.

6. There is usually an unlimited supply of data available in an enterprise.

TEXT 4