Lesson 1. Unit VI money and banking

Unit VI money and banking

Choose the word or word combination to match the definition.

1. An accountant who has passed examinations required by the state licensing officials.

a) government accountant	b) private accountant
c) certified public accountant

2. A plan of expected income and expenditure for a particular period of time.

a) budget

b) business plan

c) forecast

3. The total of separate budgets from different departments within a company.

a) budget account

b) master budget

c) bargain

4. The people who control a company.

a) associates

b) assistants

c) management

5. The period used by companies and governments for accounting and tax purposes.

a) control device

b) fiscal year

c) accounting period

6. A detailed inspection of the accounts of an organization by a professionally trained person.

a) analysis

b) evaluation

c) audit

7. A report showing profit and loss for a business or institution.

a) creative accounting	b) financial statement
c) standard operating procedure

8. The books, files or computer records where a company's accounts are kept.

a) books

b) box files

c) recorded delivery

9. An audit carried out by a person not employed by the company.

a) interim audit

b) internal audit

c) external audit

10. An aim or target.

a) observation

b) objective

c) obligation

11. A statement about what one thinks will happen in the future.

a) forger

b) forfeit

c) forecast

12. The amount of work to be done.

a) work permit

b) work load

c) work release

13. A specialized branch of accounting that deals with government agencies.

a) creative accounting	b) governmental accounting
c) current cost accounting

14. The recording of all money received into and paid out of a company in a book or on a computer file.

a) bookkeeping

b) auditing

c) accounting

15. Dismissing a worker for a period of time.

a) mployment

b) e lay-off

c) sack

16. The person appointed by the court to close a company and dispose of its assets.

a) employer

b) creditor

c) liquidator

17. A person or an organization that you owe money to.

a) receiver

b) creditor

c) administrator

18. To be unable to pay your debts.

a) instalment

b) inefficient

c) insolvent

19. To become bankrupt.

a) go too far

b) go bust

c) rescue

20. A reduction in the amount or quality of something.

a) decline

b) growth

c) prosperity

Text: Money and its Functions

Grammar: Progress Test IV (Modal Verbs)

Terms to remember:

crime	™	злочин; злодіяння
whale	™	кит
beads	™	намисто; буси
coin	™	монета
paper bills	™	паперові банкноти
value	™	ціна, вартість; цінність
trust (v)	™	довіряти
medium of exchange	™	засіб обміну
measure of value	™	мірило вартості
yardstick	™	мірило; мірка; критерій
bookkeeping	™	бухгалтерія; рахівництво
store of value	™	засіб заощадження
retain (v)	™	зберігати; утримувати
accumulate (v)	™	накопичувати

Дата добавления: 2014-12-29