Английский язык: Сборник текстов. Гурская Т.А. - 15 стр.

receivable are understated given that the sales margin is not reflected. Overdue ac-
counts receivable are not disclosed separately.
    – Consolidation of accounts. Russian companies, including holding companies,
are not required to submit consolidated reports. No consolidation standards have been
established yet. Some of the holding companies prepare aggregated reports, summing
up 100 % of all subsidiaries and associates without accounting for intragroup transac-
tions and minorities. Consequently, the reported results of Russian holding companies
are usually significantly overstated.
    All other aspects of Russian accounting are basically in line with IAS. The Russian
government is taking measures to eliminate the most serious divergences.

     Words you may need:

   bad debts                                          безнадежные долги
   accounts receivable                                дебиторская задолженность
   straight-line depreciation method                  метод равномерного
                                                      начисления износа
   accelerated straight-line                          метод ускоренного
    depreciation method                               начисления износа
   sales margin                                       доход от продаж
   overdue                                            просроченный
   consolidation of accounts                          консолидация счетов
   IAS – international accounting standards           международный бухгалтерский
                                                      стандарт
   divergence                                         отклонение

     Exercise 7.
    Read the dialogue, sum the its content using the phrases given below and act it out:
       The dialogue is about ...;
       According to the dialogue ...;
       The experts make it clear that... (stress the point that...; draw the attention of...
to the fact that...; suggest, remind, promise);
       Finally, the experts come to the conclusion that... (agree about...).



                            6. ACCOUNTING METHODS

     American: Accounting is a kind of data processing and recording. In my country
it's usually the accountant who decides on the form which this recording shall take
and on the methods to be used.
     Russian: Do you mean that in writing financial statements for stockholders and
lenders accountants can make the firm look strong and healthy and when preparing
tax returns, on the other hand, they can make the firm look poor and weak?
     Am.: Accountants prepare financial statements according to rules set by law and
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