Business English Exercise | Topic: English for Accounting 1 Designed

Business English Exercise | Topic: English for Accounting 1

Designed to teach you accounting, bookkeeping, and other vocabulary for financial record keeping, while polishing your grammar skills. Although it's meant for ESL students, it'll be useful to anyone who wants wan ts to practice this specialized vocabulary.

QUESTIONS: (Choose the best response for each one)

1. I _________3_________________ our profits for the previous accounting period. called gathered calculated 2. Your job will be to ______2____________________ and maintain financial records. promise  prepare make 3. An accounting period is a period of time over which ___2_______________________  are calculated. prophets profits profiteering 4. Accounts _________________1_________ refers to the money that is owed to the company by its clients/customers. receivable receptive respected 5. To accrue means to accumulate or ________3_________. decrease

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regret increase 6. My house has _______________1________ ( = increased in value) by 10% in the past 9 months. appreciated depreciated approximated 7. I indicated all the accrued expenses on your balance _______1________________. sheet paper  note 8. These expenses are typically _________________3_________. ( = they occur  regularly) pragmatic prodigal periodic 9. Another word for accounting is ________________2__________. finance bookkeeping money counting 10. A good accountant will help you keep _______1__________________of your   business's finances. track  trace score

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sheets go a long way in helping teachers provide adequate materials for students with English for Special Purposes needs. These core vocabulary reference sheets provide between 150 and 240 key words and  phrases for each industry. Each series is divided into three pages that, when combined, form an alphabetical list. In taking this lexical ap proach to attaining key vocabulary, students should be encouraged to translate the specific words and phrases into their native tongues as each phrase has a very specific translation in each language.

accelerated depreciation account book  accounting - book-keeping accounting criteria - accounting standards accounts payable accrual accrued liability - accrued expense accrued revenue - accrued income actual cost added value adjustment administrative expenses advances affiliated company allocation of the dividend amortization - depreciation to amortize - to depreciate annual general meeting (AGM) to approve a balance articles of association asset assets assets and liabilities assets side assets value associated companies auditing - audit auditors' certificate  balance-sheet analysis  balance-sheet consolidation  balance-sheet items  balance-sheet ratios

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 book value  break-up value  break even point (BEP)  budget industrial and commercial equipment intangible assets interests earned interests paid inventories - stock  inventory inventory accounting - stock accounting inventory book  inventory records - stock records inventory turnover index inventory value investment invoicing - billing land and buildings legal reserve liabilities liabilities side limited liability company limited partner - sleeping partner  limited partnership liquid assets liquidity long-term financing loss loss on credits major shareholder  majority interest majority shareholder  to make a list of inventory to manage a company management buy-out memorandum of association minority interest minutes of a meeting net assets net margin net profit non-taxable income