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:
assurance - comparable - credible - mandate -
meet - pronouncements - provisions - public -
research - set - subject - underlying
If financial accounting is going to be useful, a company's reports need to be___________, easy to understand, and ___________ to those of other companies. To this end, financial accounting follows a ___________ of common rules known as accounting standards or generally accepted accounting principles (GAAP, pronounced "gap").
GAAP is based on some basic ___________ principles and concepts such as the cost principle, matching principle, full disclosure, going concern, economic entity, conservatism, relevance, and reliability.
GAAP includes many specific ___________ as issued by the Financial Accounting Standards Board (FASB, pronounced "fas-bee"). The FASB is a non-government group that ___________ current needs and develops accounting rules to ___________ those needs.
In addition to following the ___________ of GAAP, any ___________ corporation is also ___________ to the reporting requirements of the Securities and Exchange Commission (SEC), an agency of the U.S. government. These requirements ___________ an annual report to stockholders as well as an annual report to the SEC. The annual report to the SEC requires that independent certified public accountants audit a company's financial statements, thus giving ___________ that the company has followed GAAP.
2. CHECK YOUR SPEAKING
|
assurance |
[ əˈʃɔː.rəns ] |
гарантія |
|
comparable |
[ˈkɒm.pər.ə.bl̩] |
порівняний |
|
credible |
[ ˈkred.ɪ.bl̩ ] |
заслуговуючий довіри |
|
mandate |
[ˈmæn.deɪt ] |
зобов'язувати |
|
meet |
[miːt] |
виконувати |
|
pronouncements |
[-mənt] |
заява |
|
provisions |
[prəˈvɪʒ.ən] |
положення |
|
public |
[ ˈpʌblɪk ] |
громадський |
|
research |
[ rɪˈsɜːtʃ ] |
вивчати |
|
set |
[ set ] |
встановлювати |
|
subject |
[ ˈsʌbdʒɪkt ] |
підлягати |
|
underlying |
[ ˌʌn.dəˈlaɪ.ɪŋ ] |
основний |
3. SEE CORRECT ANSWER
If financial accounting is going to be useful, a company's reports need to be credible, easy to understand, and comparable to those of other companies. To this end, financial accounting follows a set of common rules known as accounting standards or generally accepted accounting principles (GAAP, pronounced "gap").
GAAP is based on some basic underlying principles and concepts such as the cost principle, matching principle, full disclosure, going concern, economic entity, conservatism, relevance, and reliability.
GAAP includes many specific pronouncements as issued by the Financial Accounting Standards Board (FASB, pronounced "fas-bee"). The FASB is a non-government group that researches current needs and develops accounting rules to meet those needs.
In addition to following the provisions of GAAP, any public corporation is also subject to the reporting requirements of the Securities and Exchange Commission (SEC), an agency of the U.S. government. These requirements mandate an annual report to stockholders as well as an annual report to the SEC. The annual report to the SEC requires that independent certified public accountants audit a company's financial statements, thus giving assurance that the company has followed GAAP.
Цей та багато інших цікавих матеріалів Ви знайдете
в підручнику “Practical Financial English”
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