Цій статті більше 3-х років. Українське законодавство складне і мінливе, тож на даний момент редакція не гарантує її 100% актуальність. У разі сумнівів скористайтесь пошуком, щоб читати свіжіші статті і консультації, або зверніться за допомогою до нашого ШІ-консультанта.
1. TASK: Insert the appropriate word in the text below:
circulate - common - competitor - comply - guideline
owner - publicly - schedule - track - value
Financial accounting is a specialized branch of accounting that keeps _________ of a company's financial transactions. Using standardized _________, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.
Companies issue financial statements on a routine _________. The statements are considered external because they are given to people outside of the company, with the primary recipients being _________ /stockholders, as well as certain lenders. If a corporation's stock is _________ traded, however, its financial statements (and other financial reportings) tend to be widely circulated, and information will likely reach secondary recipients such as _________, customers, employees, labor organizations, and investment analysts.
It's important to point out that the purpose of financial accounting is not to report the _________ of a company. Rather, its purpose is to provide enough information for others to assess the value of a company for themselves.
Because external financial statements are used by a variety of people in a variety of ways, financial accounting has _________ rules known as accounting standards and as generally accepted accounting principles (GAAP). In the U.S., the Financial Accounting Standards Board (FASB) is the organization that develops the accounting standards and principles. Corporations whose stock is publicly traded must also _________ with the reporting requirements of the Securities and Exchange Commission (SEC), an agency of the U.S. government.
2. CHECK YOUR SPEAKING
|
circulate |
[ ˈsɜː.kjʊ.leɪt ] |
робити розсилку |
|
common |
[ ˈkɒmən ] |
звичайний, поширений |
|
competitor |
[ kəmˈpet.ɪ.tər ] |
конкурент |
|
comply |
[ kəmˈplaɪ ] |
відповідати |
|
guideline |
[ ˈɡaɪd.laɪn ] |
вказівка, директива |
|
owner |
[ ˈəʊnə(r) ] |
власник |
|
publicly |
[ ˈpʌb.lɪ.kli ] |
публічно |
|
schedule |
[ ˈʃedjuːl ] |
графік |
|
track |
[ træk ] |
відслідковувати |
|
value |
[ ˈvæljuː ] |
цінність |
3. SEE CORRECT ANSWER
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.
Companies issue financial statements on a routine schedule. The statements are considered external because they are given to people outside of the company, with the primary recipients being owners/stockholders, as well as certain lenders. If a corporation's stock is publicly traded, however, its financial statements (and other financial reportings) tend to be widely circulated, and information will likely reach secondary recipients such as competitors, customers, employees, labor organizations, and investment analysts.
It's important to point out that the purpose of financial accounting is not to report the value of a company. Rather, its purpose is to provide enough information for others to assess the value of a company for themselves.
Because external financial statements are used by a variety of people in a variety of ways, financial accounting has common rules known as accounting standards and as generally accepted accounting principles (GAAP). In the U.S., the Financial Accounting Standards Board (FASB) is the organization that develops the accounting standards and principles. Corporations whose stock is publicly traded must also comply with the reporting requirements of the Securities and Exchange Commission (SEC), an agency of the U.S. government.
Цей та багато інших цікавих матеріалів Ви знайдете
в підручнику “Practical Financial English”
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