LESSON 6
Accounting
EXERCISE 1 : STRUCTURAL PRACTICE
- Can he write reports well?
No, he can’t write reports well, but he could when I was SMA
- Can they consult those records?
No, they can’t those records, but they could when they was younger
- Can she records data?
No, she can’t record data, but she could when she was worker
- Can he compute the gross profits?
No, he can’t compute the gross profits, but he could compute the net income
- Can we prepare balance sheets?
No, we can’t prepare balance sheets, but we could prepare income statements
- Can I operate the computer?
No, I can’t operate the computer, but I could when I was younger
EXERCISE 2 : SUBSTUTION DRILL
1. We could keep the investor happy
2. We have to keep the investor satisfied
3. We will keep the investor happy
4. We have to keep the employees happy
5. We have to can the investors happy
6. He have to keep the investor happy
7. we have to wants the investors happy
COMPREHENSION QUESTIONS
- In general terms, what is the purpose of accounting?
Accounting is a activities to records and measure the activity of a business and reports an the effects of these tran sactions on the firm’s financial canditian
- Who uses the data which is provided by accounting records?
Management, stockholders, creditors independent analysts, banks and government
- What are the two types o records that are prepared by more businesses?
Income statement and balance sheet
- What can one learn by analying the income statement and balance sheet of a company?
The income statement and balance sheet are the two types of a records that most business prepare regularly
- What is ratio analysis used for?
Useding for the analysis of accounting records
- What are the three categories of ratios in finance?
- One such ratio deals with profitability
- A second set of ratio helps a company evaluate its current financial position
- A third set of ratio deals with the overall financial structure of the company, primarily analyzing the value of the ownership of the firm
VOCABULARY PRACTICE
Record (n) Report (n) Profit (n)
Record (v) Report (v) Profit (v)
1. Accounting is needed to record (v) all business transactions.
2. He keeps very neat (n)
3. Our firm’s current profit (v)
4. They record (v) from their association with that company
5. Our report (v) of accounts receivable show that $5,000 is owed to us
6. The activity is record (n) on income statements and balance sheets
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