Complete the following statements

5. Complete the following statements.

1) Money is... ...

2) The idea of money as a universal equivalent is...

3) Money has... ...

4) Money serves as...

5) Money is used in exchange for...

6) Money is used for the discharge of... ...

7) Money acts as... ...

8) Money makes...

9) Money provides... ...

10) Money calculates...

11) Money serves as a standard of...

12) Money is the unit in which... ...

13) Money provides a store of... ...

14) Money is a convenient form in which...

1) Money is a commodity commonly accepted as a medium of economic exchange.

2) The idea of money as a universal equivalent is familiar to us since our childhood.

3) Money has four functions.

4) Money serves as a medium of exchange.

5) Money is used in exchange for goods and services.

6) Money is used for the discharge of debts or for the discharge of contracts.

7) Money acts as a unit of account.

8) Money makes the operation of the price system.

9) Money provides the basis for keeping accounts.

10) Money calculates cost, profit, and loss.

11) Money serves as a standard of deferred payments.

12) Money is the unit in which deferred payments.

13) Money provides a store of wealth.

14) Money is a convenient form in which to hold any income not immediately required for use.

6. Translate the text "Accounting and its financial statements".

Accounting is the systematic development and analysis of information about the economic affairs of an organization. This information may be used in a number of ways: by the organization`s managers to help them plan and control the organization`s operations; by owners and legislative bodies to help them appraise the organization’s performance and make decisions as to its future; by owners, lenders, suppliers, employees, and others to help them decide how much time or money to devote to the organization; by governmental bodies to determine how much tax the organization must pay; and by customers to determine the price to be paid. Accounting provides information for all these purposes through the maintenance of files of data, analysis and interpretation of these data, and the preparation of various kinds of reports. These reports are called financial statements. Three financial statements will be discussed: the balance sheet, the income statement, and the statement of cash flows. Accountant is a professionally qualified person who is able to record, keep, check, and prepare financial statements.

Бухгалтерский учет - систематическое развитие и анализ информации об экономических делах организации. Эта информация может использоваться множеством способов: руководителями организаций, чтобы помочь им планировать и управлять действиями организаций; владельцами и законодательными (органами, чтобы помочь им оценивать работу предприятия и принимать решения относительно ее будущего; владельцами, кредиторами, поставщиками, служащими, и другими, чтобы помочь им решить, сколько необходимо времени или денег, необходимых для организации; правительственными органами, чтобы определить, сумму налога, которую организация должна заплатить; и клиентами, чтобы определить цену, которая будет заплачена. Бухгалтерский учет обеспечивает информацию для всех этих целей через проверку файлов данных, анализа и толкования этих данных, и подготовки различных видов сообщений. Эти сообщения называют финансовыми отчетами. Три финансовых отчета будут обсуждены: бухгалтерский баланс, отчет о доходах и убытках и отчет о наличных потоках. Бухгалтер - профессионально квалифицированный человек, который способен записывать, держать, проверять, и подготавливать финансовые отчеты.

7. Answer the following questions.

1) What by the term "accounting" is meant?

2) What people with accounting and why deal?

3) What does accounting its information through provide?

4) What are three financial statements mentioned in the text?

5) What by the term "accountant" is meant?

1) The term "accountant" means the analysis, check and development economic has put the organizations.

7. Ответить на следующие вопросы.

1) Что сроком(термином)"бухгалтерский учет" предназначен?

2) Какой(Что) люди с бухгалтерским учетом и почему дело?

3) Что делает бухгалтерский учет его информации через обеспечивает?

4) Что является тремя финансовыми утверждениями(заявлениями), упомянутыми в тексте?

5) Что сроком(термином)"бухгалтер" предназначен?

8. Agree or disagree with the following statements.

1) Accounting is the systematic analysis of illegal ways of paying less tax.

2) The organization`s managers to plan and control the organization`s operations use intercom.

3) Owners to appraise the organization`s performance use illegal tapping.

4) Lenders to decide how much time or money to devote to the organization use the newspapers that print shocking stories about people`s personal lives.

5) Governmental bodies to determine how much tax the organization must pay use tax legislation.

6) Customers to determine the price to be paid use their common sense.

7) Accounting provides its information through Internet.

8) Accounting provides its information through the preparation of various kinds of statements.

9) Balance sheet is a statement of how much money a business has earned and how much money it has paid for goods and services.

10) Cash flow is a movement of money coming into a business as income and going out as wages, materials etc.

11) Income is a gain or recurrent benefit usually measured in money that derives from capital or labor.

12) It`s only reasonable that people on a high income should pay more tax.

13) Accountant is a professionally qualified person who is able to find legal ways of paying less tax.

14) Accountant is someone who does his best to conceal unlawful income.