ĐẠI HỌC NGÂN HÀNG TP. HỒ CHÍ MINH KHOA NGOẠI NGỮ -----o0o----- TÀI LIỆU BỔ TRỢ MÔN TIẾNG ANH CHUYÊN NGÀNH KẾ TOÁN Ngô Thị Hạnh Quyên Phan Lê Vĩnh Thông TP. Hồ Chí Minh, tháng 04 năm 2021 This book consists of three sections and is designed to meet the needs of students at Faculty of Accounting and Auditing, Banking University HCMC. Its essence includes critical reading, analysing, evaluating, and discussion of selected units of the course book “Market Leader Accounting and Finance”.
These units of lessons are chosen by the author of the syllabus of English for Accounting, Banking University HCMC. Learners first get exposure to fundamental accounting vocabulary. Then, they read and understand complex passages on accountancy. Through intensive, close reading, students will understand diverse experiences, languages, forms, and genres.
It is also a discussion-centered coursebook mandating that students have a high level of personal investment. The objectives are for students to gain an awareness of vocabulary and knowledge on accounting; to gain an ability to think critically and to express ideas in writing and translation; to further develop their intellectual curiosity, and could be challenged by the remarkable range of knowledge available through accountancy. The material presented here borrows from many different books, including Market Leader Accounting and Finance and English for Accounting. It is meant to serve pedagogical purposes with careful citation and acknowledgements.
Good luck and best wishes! 2 Table of Contents INTRODUCTION…………………………………………………………………….2 Table of Contents………………………………………………….3 SECTION 1: TOPIC-BASED PRACTICE EXERCISES…………………………….4 Unit 1 – Developing Global Professionals…………………………………………….5 Unit 2 – Establishing The Profession Worldwide…………………………………….12 Unit 3 – International Financial Reporting Standards……………………………….19 Unit 4 – Annual Financial Statement…………………………………………….27 Unit 5 – Company Performance………………………………………………….36 Unit 6 – Accounting For Banks………………………………………………….42 Unit 7 – Scary Audit Jargon…………………………………………………….……49 Unit 8 – Auditor Liability…………………………………………………….………57 Unit 9 – A Clean Report………………………………………………………….65 SECTION 2: SUPPLEMENTARY EXERCISES…………………………………….………136 GLOSSARY…………………………………………………………………………177 REFERENCES………………………………………………………………………189 3 SECTION 1 TOPIC-BASED PRACTICE EXERCISES 4 UNIT 1: DEVELOPING GLOBAL PROFESSIONALS I.1 Choose the correct word/phrase for each definition/explanation. preparing a person's or company's financial information in order to calculate the proportion of their profit which they must pay to their government. checking an organization's activities or performance or examining a person's or organization's accounts to make sure that they are true and honest. a situation in which a person or a company does not have enough money or assets to pay their debts.
the ability to move easily from one place to another A. connected with or controlled by a group or organization A. Match the words/phrases in the box with their definitions. There are THREE extra words.
adoption appraising barrier forensic accounting bookkeeping mobility inward investment forensic accounting 1. something that prevents something else from happening or makes it more difficult ________________ 2. money that is invested in a particular country from outside it ________________ 5 3. when a company's financial records are officially checked in order to find out if there has been any illegal activity.
estimating the value, condition, quality, etc. of someone or something after a careful examination ________________ 5. the process of starting to use a new method, system, law ________________ 1.3 Use the correct words /phrases in the box to complete the gaps. affiliated insolvencies aid forensic inexhaustible 1.
She hired an expert in ______________ accounting to find out whether her ex-husband is hiding some of his wealth. A/An ______________ retailer bought the product at the official prices. Analysts are predicting that corporate and personal ______________ could start rising next year. There is a nearly ______________ supply of people willing to buy those homes.
The government has already appealed for 800,000 tonnes of food ______________ to feed its starving population.1 Complete the gaps with the correct words/phrases in the box. There are four extra words that you do not need. goodwill financial accounting organizations accountancy bookkeeping internal audit tangible assets auditing accounting management accounting transactions recording 6 ACCOUNTING ______________ (1) involves ______________ (2) and summarizing an organization’s ___________ (3) or business deals, such as purchases and sales, and reporting them in the form of financial statements. In many countries, the accounting or ___________ (4) profession has professional organizations which operate their own training and examination systems, and make technical and ethical rules: these relate to accept ways of doing things.
___________ (5) is the day-to-day recording of transactions. ___________ (6) includes bookkeeping, and preparing financial statements for shareholders and creditors - people or ___________ (7) who have lent money to a company. ___________ (8) involves the use of accounting data by managers, for making plans and decisions.2 Read the passage and choose the correct words/phrases to complete the gaps. THE FUTURE OF ACCOUNTING The traditional view of ___________ (1) as merely 'bean counters' is slowly becoming a thing of the past.
For centuries, accountants have been employed to report on the numbers. They have sat there in their little corner, surrounded by stacks of paper and computer printouts, and have told us whether or not we have made___________ (2). But more and more, accountants are finding that___________ (3) doesn't need them to report on the numbers. With today's technology, management already has access to software programs which do this work for them.
So what will the future accountant do? According to Mr. Hamilton-Smythe, the Managing Director of KHZ Enterprises, the large ___________ (4) manufacturing company, accountants will be employed "to help companies change the numbers. Their expertise, and knowledge of the business will be called upon to prepare___________ (5). They will become consultants and advisers.
And their skills will need to change 7 accordingly. They will be ___________ (6) in international meetings, giving presentations, running international teams, writing reports, and making decisions." This is going to require a significant change in the general public's opinion of accountants, who in turn will need to develop skills not traditionally ___________ (7) with the job. The image of the guy in the corner with the stacks of paper will change to one of a high flyer, someone who is to the success of the___________ (8) .1 Read the following passage and answer the questions. I am currently looking for an opportunity to use the accounting skills I learnt in my college.
I have recently completed a 16-week part-time accounting course (AAT Level 2 Certificate). The course covered book-keeping, recording income and receipts and basic costing. We used a wide range of computer packages, and I picked up the accounting skills easily. I was able to work alone with very little extra help.
I passed the course with merit. I believe my success was due to my thorough work, my numeracy skills and my attention to detail. During the course, I had experience of working to deadlines and working under pressure. Although this was sometimes stressful, I always completed my work on time.
Unfortunately, the course did not include a work placement, so I have not practised my skills in a business setting, and I am now looking for an opportunity to do so. I am particularly looking for a job in a small company such as yours, as I believe I will be able 8 to interact with a wider range of people, and as a result, learn more skills. I would like to progress within a company and gain more responsibilities over the years. Although I do not have work experience in finance, I have experience in working in an office environment.
Before starting the accounting course, I worked for 6 months in a recruitment office as a receptionist. My duties involved meeting and greeting clients and visitors, taking phone calls, audio and copy typing and checking stock. I also had to keep the petty cash and mail records. Through this work, I developed my verbal and written communication skills.
I had to speak confidently to strangers and deliver clear messages. I enjoyed working in a team environment. I believe the office appreciated my friendly manner and efficient work.com/B1/b1_reading_job_application. What is the writer’s job at the moment? _______________________________________________________________________ 2.
What is true about the writer? _______________________________________________________________________ 3. Where the writer is applying for a job _______________________________________________________________________ 4. How much time did he spend on learning accounting? _______________________________________________________________________ 5 Which skills did he NOT gain from the accounting course? _______________________________________________________________________ 3.2 Read this email on creative accounting, and then circle if the statements below are true [T]or false [F] Subject: Creative accounting From: Rupert Greene r.de To: Javier Estrada j.es> 9 Hi Javier At our meeting yesterday you asked me to send you some background info on creative accounting, and in particular off-balance-sheet accounting. Basically there's quite a bit of flexibility in the way we can interpret the standards and principles of accounting.
For example, we may want to report bigger profits so that we can attract investors on the capital markets. On the other hand, smaller profits may be better so that we pay less tax. The problem is that the line between truthful and misleading representation of figures is sometimes very thin, and this is where people get into trouble. Off-balance-sheet accounting is seen by some as one type of creative accounting.
The key point to remember is that the accounting treatment of legitimate business transactions can vary greatly. For example, many companies are involved in leasing for business reasons, and the question for the accountants is how to present the financial implications of such leases in the accounts. In theory, the idea is that leasing an asset (instead of buying it) allows the company to exclude the liability from its accounts. Hope this helps - give me a call if you have any more questions.
Best wishes Rupert (English for Accounting) 1. Accountants agree that creative accounting is a good thing. Creative accounting is sometimes used to try and attract more investors. Accountants are allowed some flexibility in the way they present accounts.
Big profits mean paying less tax.When a company leases an asset, the accountant doesn't have to include it in the accounts. TRANSLATION Translate the following sentences into Vietnamese. Accountants need to deal with clients, so it is important for them to have relationship skills as well as technical ones. To support its members, IFAC sets very broad standards for education programs, including continuing professional education and lifelong learning.
The company was suspected of being dishonest in its financial reporting, so the forensic accountants were called in to investigate its dealings. Accountants need to develop employee appraisal skills in order to give appropriate feedback to the teams they manage. Accountants who are employed by accountancy firms usually specialize in very specific areas such as auditing, taxation or forensic accounting. Naturally, each specialism has different training requirements.
SENTENCE COMPLETION Complete the sentences with your own words. Write between 6 and 15 words. Strategic and managerial skills can _________________________________________ _______________________________________________________________________ 2. Good training can make _________________________________________________ _______________________________________________________________________ 4.
With a qualified accountancy profession, developing countries _________________ ______________________________________________________________________ 5. IFAC provides ________________________________________________________ 11 UNIT 2: ESTABLISHING THE PROFESSION WORLDWIDE I.1 Choose the correct word/phrase for each definition/explanation. business activity in which two or more companies have invested together A. official organizations which represent people of a particular profession A.
chamber of auditors D. in the UK, a person who has finished three years of work and training and passed an examination to become a member of the Institute of Chartered Accountants A. a self-governing professional organization for the purpose of regulation of the audit profession A. chamber of auditors D.
chamber of commerce 5. the person with the most important position in a company or organization A. Match the words/phrases in the box with their definitions. There are THREE extra words.
auditing regulator reputation shift IFRS tax accounting chartered accountant employer- led 1. to move something to a different place or position _________________ 12 2. one of the standards created by the International Accounting Standards Board, which explains how company accounts must be recorded or shown _________________ 3. heavily influenced by employers _________________ 4.
the opinion that people have of someone or something, based on past behavior or character _________________ 5.