4. Can he compute the taxes?

5. Can we prepare profit and loss statement?

6. Can the company pay the salaries in time?

7. Can I operate the computer?

Exercise 2. Imagine that you work as an accountant in a big enterprise. Answer the following questions.

1. Do you total the accounts at the end of the fiscal year?

2. What are your usual activities at the end of the fiscal year?

3. When do you prepare a financial statement?

4. Why should you have more assets than liabilities?

5. Does the accounting department work on taxes?

6. What is the difference between your gross salary and net salary?

7. Is the difference between gross salary and net salary big in this country? What does this difference depend on?

Exercise 3. Make up the dialogue about accounting:

a) between an experienced accountant and a university graduate who has just begun to work as an accountant;

b) you are an employer and you want to hire an accountant, find out, if he (she) is experienced enough in accounting.

Exercise 4. Translate from Ukrainian into English.

1. Бухгалтерський облік надає дані кредиторам і тим, хто вкладає гроші.

2. Вони готують звіт про прибутки та фінансовий звіт наприкінці фінансового року.

3. Ми визначаємо ефективність виробництва за допомогою аналізу коефіцієнтів.

4. Нерухомість є власністю корпорацій.

5. Ми перевіримо актив і пасив, визначимо вартість майна без урахування зобов'язань.

6. Ми сплачуємо великі податки.

7. Скільки ти отримуєш без вирахувань?

Grammar Exercises

Exercise 1. Make the sentences negative.

Model: I worked as an accountant in a big corporation.

I didn't work as an accountant in a big corporation.

1. An accounting department reported on the effects of the transactions.

2. They studied carefully income statement and balance sheet.

3. We used ratio analysis to determine the firms operating efficiency.

4. The accountants checked the assets and liabilities.

5. The accounting department provided data for the management.

Exercise 2. Put up for questions of different types to each sentence (general, special, disjunctive, alternative).

Model: The accounting department regularly prepared the income statement and

balance sheet.

1. Did the accounting department regularly prepare the income statement and balance sheet?

2. What did the accounting department regularly prepare?

3. The accounting department regularly prepared the income statement and balance sheet, didn't it?

4. Did the accounting department prepare the income statement or a financial statement?

1. The board of directors checked out assets, liabilities and net worth.

2. He worked as a Comptroller of the company for two years.

3. The applicants sent their resumes and letters of interest.

4. She used to do books in a big company.

5. Some governmental corporations issued stock certificate.