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1) accounting | a) a precise list or enumeration of financial transactions |
2) audit | b) the art of recording, summarizing, reporting, and analyzing financial transactions |
3) bookkeeping | c) the status of a firm's assets, liabilities and equity positions at a specific point in time, often described in a financial statement |
4) financial accounting | d) the process of measurement, analysis, preparation and communication of financial information that is used by management to plan, evaluate, and control within an organization |
5) an account | e) the systematic recording of a company's financial transactions |
6) financial statements | f) reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis |
7) management accounting | g) an examination of records or financial accounts to check their accuracy |
8) financial condition | h) a written report of the financial condition of a firm |
3. What type of work does each person do and what is the name of each job?
1. I record all the purchases and sales made by this department.
2. This month, I'm examining the accounts of a large manufacturing company.
3. I analyse the sales figures from the different departments and make decisions about our future activities.
4. I am responsible for preparing our annual balance sheet.
5. When the accounts are complete, I check them before they are presented to the external auditors.
4. Fill in the correct words from the list below:
Specializes, studying, for inspecting its accounts, processing the records, giving administrative support, to inspect its accounts
Trainee accountants
Accountants who are ________for professional examinations.
Bookkeepers
Administrative staff that is responsible for ______of a business's financial activities.
Tax accountant
An accountant who _______ in a company's tax affairs.
Back-office manager
A person in charge of the staff who is responsible for ______to the Finance department.
Internal auditors
Employees of a company who are responsible _______.
External auditors
People employed by an outside firm of accountants and hired by a company________.
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