Английский язык: Сборник текстов. Гурская Т.А. - 8 стр.

maintain the highest standard of integrity, professional independence and confidentiality.
    In Russia accountants also try and do their best to keep up high professional stan-
dards. For many years they were held in a very low esteem in the country, now the
situation is changing for the better. Public accountants in Russia offer different ser-
vices. The main service is auditing. Besides, public accounting firms offer consulting
services, some accountants are also active in tax planning and preparation of tax re-
turns. Russian and American public accountants have much in common.
    The work of private accountants in Russia differs greatly from what American ac-
countants employed by business firms do because Russia is only entering a market
economy.
    Accountants who work for the US business firms have wide responsibilities. Their
duties include cost accounting, capital budgeting for current operations, tax planning,
they must know how to design financial information systems, and do may other
things.

      Answer the questions on the text:
     1. What are public accountants?
     2. What are private accountants?
     3. How do public accountants organize their activities?
     4. Who can get a license to practise public accounting?
     5. What services do Russian public accountants provide?

     Find English equivalents for the following Russian phrases from the text:
    заниматься чем-либо; предоставлять услуги на платной основе; организовать
товарищество; избегать ограниченной ответственности;
    брать на себя ответственность за свои решения; иметь право выдавать ли-
цензию; удовлетворять требованиям в отношении уровня образования и опыта
работы; сдать экзамен; профессиональная репутация; конфиденциальность;
поддерживать высокие профессиональные стандарты; аудит; иметь много обще-
го; отличаться в значительной степени;
    производственный учет; составление смет капитальных расходов; со-
ставление смет текущих расходов.

      Say in a few words what the text is about Use the opening phrases given above.



                                      4. EXERCISES

                            Work on vocabulary and grammar

       Exercise 1.
     a) Study the key words in the dictionary:
    Balance sheet, account, depreciation, cost, expenses, assets, loss.
     b) Think of the words describing characteristics that make information useful.

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