Comprehension Questions 1.
What is the purpose of accounting?
2.
Who uses the data provided by accounting firms?
3.
What are the two types of records which most businesses
prepare?
4.
What can you know analyzing the income statement and balance
sheet of a company?
5.
What is the purpose of the ratio analysis?
6.
What categories of ratios in finance do you know?
Vocabulary Practice Exercise 1. Choose the necessary word and put it in the sentence. 1.
An accounting helps … the activity
|
of a business.
| 1 to profit
2.
Do you know the effect of your last …
|
on financial condition of the firm?
| 2 profit
3.
Accounting records provide … for
|
stock-holders, independent analysts.
| 3 efficiency
4.
The second type of ratio helps the
|
company … its current financial
|
position.
| 4 ownership
5.
… is one the two main records which
|
most of the businesses prepare regularly.
| 5 to evaluate
6.
The … of the company includes real
|
estate on California.
| 6 transaction
7.
I am sure of the … of this transaction. | 7 data
8.
Our company’s current … is very high.
| 8 income
9.
They … from the association with that | statement
corporation.
| 9 to measure
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Dialogue (Peter and Karen work in a large company. They are having
dinner in the company cafe).
Peter Hi, Karen. Glad to meet you. You looked very busy this
morning. There were so many statements on your table.
