INVOICE / BILL / ACCOUNT / ACCOUNTS /CHECK (AE) / RECEIPT

1. A statement of money owed for goods or services supplied.

2. a slip or ticket showing the amount owed, esp. a bill for food or beverages consumed (AE)

3. A document sent by a seller to a customer with details of goods or services that have been provided, their price, and the payment date.

4. A written statement showing that you have received money, goods or services.

5. An arrangement between a bank and a customer that allows the customer to pay in and take out money.

6. The complete set of records showing money coming into or going out of a business, its profits and its financial situation.

INVOICE / BILL / ACCOUNT / ACCOUNTS /CHECK (AE) / RECEIPT

1. A statement of money owed for goods or services supplied. BILL (invoice)

2. A slip or ticket showing the amount owed, esp. a bill for food or beverages consumed (AE). CHECK

3. A document sent by a seller to a customer with details of goods or services that have been provided, their price, and the payment date. INVOICE

4. A written statement showing that you have received money, goods or services. RECEIPT

5. An arrangement between a bank & a customer that allows the customer to pay in & take out money. ACCOUNT

6. The complete set of records showing money coming into or going out of a business, its profits and its financial situation. ACCOUNTS

Croatian term:

FILL IN THE GAPS.

1. Could we have the __________, please?

2. The _______ for the repairs came to $650.

3. My salary is paid into my bank ________.

4. Have you paid the phone _______?

5. The _________for last year showed a profit of $2 million.

6. The manufacturer sent the __________for two typewriters.

7. Make sure you are given a _______ for everything you buy.

check/billbill

account

bill

accounts

invoice

receipt

Accounting (& financial statements)• What is accounting?• What skills do accountants need?→ Handout: Accounting→ MK, p 95, Vocabulary 21 cost accounting2 tax accounting3 auditing4 accounting5 managerial account.6 creative accounting → comment on the cartoon

or window dressing7 bookkeeping

What skills do accountants need?

1 cost accounting

2 tax accounting

3 auditing

4 managerial account.

5 creative accounting or window dressing

6 bookkeeping

• analytical ability & mathematical competence

• thorough knowledge of tax laws and accounting

• strong analytical skills and honesty

• analytical ability & math

• strong analytical skills and dishonesty

• accuracy and concentration, mathematical ability

• Calculate liabilities• Calculate taxes• Keep records• Pay liabilities• Pay taxes• Receive income• Record expenditure• Record income• Record transactions

• Value assets• Value liabilities

→ MK, p 96, Vocabulary 4:Common word combinations

ACCOUNTING + FINANCING

MK, p 95, Vocabulary 1

→ RB, p 32Read, fill in the notesMatch up words

→ MK, p 96, Task 3

→ RB, p 33

THE PROFIT AND LOSS ACCOUNT• It shows i_______ and e_________.

• It gives figures for total sales in a year or

t________ or r________.

• It shows c______,ex_________ and ov_______.

• Part of the profit goes to the government in

ta________, part to the sh_________ as

d_________and part is retained by the

c____________.

→ Find Croatian equivalents

→ RB, p. 34

Balance Sheet1. The balance sheet shows a company’s f_________ s________

on the last day of the f________ y_______.

2. It lists the company’s a_________, l__________ and s___________ f_______ (equity).

3. Assets can be c_________ and f__________.

4. Why do a company’s assets include debtors?

5. Intangible assets include g_________, p________, c_________ & t____________.

6. Liabilities can be s__________ (current) and l___________ .

7. Owners’ capital (e______) is money received from the issue of s________ and r_______.

→ HW: Find Croatian equivalents in RB Balance Sheet-

study the data presented and get ready to

comment on them

Balance sheet, cont.

1. Complete the basic accounting equation:

A______ = L________ + S________________

or

_______ - ________ = ___________________

→ MK, p 96

HW: Reading Google Inc. Balance SheetDo all the exercises on pp 96 & 97 and study the

Balance Sheet carefully – get ready to comment on the data presented in the Balance Sheet