Task 1: (corrected in class)
Here are some jobs and definitions. Fill in the gaps in the definitions with words from the box below:
specializing; studying; for inspecting its accounts; processing the records; giving administrative support; to inspect its accounts.
Trainee accountants: accountants who are studying for professional examinations.
Bookkeepers: administrative staff responsible for processing the records of a business's financial activities.
Tax accountant: an accountant specializing in a company's tax affairs .
Back-office manager: person in charge of the staff responsible for giving administrative support to the Finance Department.
Internal auditors: employees of a company who are responsible for inspecting accounts.
External auditors : people employed by an outside firm of accountants and hired by a company to inspect its accounts.
Task 2:
Task 3: (this exercise is a homework to be sent before: 27 th of October 2025 )
Use liability, liabilities, debt, or debts to complete the sentences below
1. He'll have paid his debts off by next year.
2. Look at the assets and liabilities on the balance sheet if you want to know how the company's doing.
3. Many developing countries are burdened by heavy debt.
4. We need to look at the long-term liabilities before we think about any major new purchases.
5. the partnership has limited liability status.
6.Current liabilities are those which are paid off within a year.
7. The company's in debt the tune of 10 million.
Task 4: (corrected in class)
Complete the following; the first example is done for you:
To predict (verb)---------------prediction (Noun)
To pay (V) -----------------payment(N)
To compare(V)- ------------------comparison (N)
To calculate (V)- ------------------calculation (N)
To expect (V) ----------------- expectation(N)
To indicate (V) -----------------indication (N)
To expand (V) ---------------expansion (N)
To perform (V) --------------- performance(N)
Task 5:(corrected in class)
-Now use verbs or nouns from above to complete the sentences. You may need to change he form:
1).The figures are a little different to what we were expecting.
2).The problems in the Middle East have made it really difficult to predict next year’s turnover.
3). I think there are some mistakes in the calculation.
4). The fund was performed much better last year. This year has been very disappointing.
5). The expansion into Eastern Europe looks good.
6). We need to make sure that our customers pay us on time.
Task 6:(corrected in class)
-Here are some phrases the accountant used during the meeting. Can you fill in the missing words?
questions, just, that, got, over, ask
1) Norma has asked me to go over some of the ratios I used in the report.
2) Every one got it?
3). Before you ask...
4). Is that clear?
5). I was just coming to that.
6). Ok, if there are no questions, I’d like to…
Task 7: Convert these words either into nouns or verbs:
to adjust (v): adjustment (n)
to alter(v): alteration(n)
to change(v): change (n)
to change over(v): change over (n)
to convert(v): conversion (n)
to reorient(v): reorientation (n)
to switchover(v): switchover (n)
Task 8: Choose the right answer:
1). As soon as the directors of a company foresee ..."
a).predict.
b).perceive.
c).experience
2). "… if insolvency is possibly imminent?"
a).going to happen at some time in the future.
b).going to happen very soon.
c).not going to happen
3). "… fulfilling the normal duties …"
a).increasing.
b).carrying out.
c).distressing
4). “ … must become a priority".
a).be ignored.
b).be postponed.
c).take first place
5). "… the prospect for its future viability …"
a).realistic existence as a business.
b). finding new ways to do business
6). "… will be able to "ride out the storm"
a).sell at a lower value.
b).pay as little as possible.
c).survive the bad period