Ex.7. Look at the words and phrases in the box. Match them with the correct definition from the list below.

1. the recording, classifying, summarizing, and interpreting of those business activities that can be expressed in monetary terms;

2. an accountant who has passed examinations required by the state licensing officials;

3. the systematic recording of financial information;

4. a specilized branch of accounting that deals with government agencies;

5. a dismissal from employment, esp. temporary;

6. financial documents or computer files on which information is stored;

7. an amount of work to be done;

8. the profession of or work done by an accountant;

9. a period at the end of which the totals for the money coming into and money going out of a business are calculated.

Ex.8. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. There was … in US exports overseas last year.

2. … in the stock market scared investors.

3. She … all the financial records for the law firm.

4. The boss … the quality of her employees’ work.

5. In a recession, there are often mass … of factory workers.

6. … does the accounting for a business.

7. We calculated the total profit at the end of the … period.

8. My friend got a degree in ….

9. The cash register … the purchase and printed a receipt.

10. In Great Britain, the term for CPA is ….

11. Private and government accountants usually work on a … basis.

12. CPAs who offer their services to the public on an individual consultant basis are paid ….