International Accounting

International companies can choose how they present financial information to outside parties. The rules and regulations between countries vary significantly. Accountants worldwide are familiar with the words “Generally Accepted Accounting Principles (GAAP)”. Some of the basic principles are:

· The going concern principle

· The prudence principle

· The matching principle

· The consistency principle.

The development of these principles has greatly differed between countries. For example, in most English-speaking countries it is often accepted to offset unrealized gains from unrealized losses, or to re-value long term assets upwards, provided sufficient proof of the current value can be shown. This means that accounts can have very different values, depending on whether the company chooses to follow local accounting standards, International Financial Reporting Standards (IFRS) – formerly the International Accounting Standards (IAS) - or U.S. GAAP. Whether the company can choose is governed by the laws of the country where it is registered. For example, the U.S.A. and Japan currently allow publicly-traded companies to prepare their financial statements using the standards of the International Accounting Standards Committee (IASC), but they must also include a reconciliation to domestic GAAP.

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Задание № 2. Найти из текста английские эквиваленты и записать их в правую колонк у.

Задание № 3. Заполните схему разными типами профессий в бухгалтерском учёте с их русскими эквивалентами:

( an accountant, a bookkeeper; Internal auditor; Trainee accountants; Back-office manager; External auditor; Tax accountant )

внешний аудитор, внешний бухгалтер-ревизор

внутренний бухгалтер-ревизор

Бухгалтера

практиканты (стажёры )

Бухгалтер, счетовод

Управляющий внутренним офисом

бухгалтер по налогообложению

Задание № 4.Восстановите правильный порядок слов в предложениях.(10баллов)

In Mr moment Martens you with will be a.________________________________

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have Did you a flight nice? _____________________________________________

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coffee Would some you like? ___________________________________________

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keep Sorry you to waiting._____________________________________________

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come Please in seat take and a.__________________________________________

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call finishing He’s just phone a._________________________________________

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to nice you meet It’s._________________________________________________