INVOICE / BILL / ACCOUNT / ACCOUNTS / CHECK (AE) / RECEIPT 1.A statement of money owed for goods or...
-
Upload
bertram-dalton -
Category
Documents
-
view
214 -
download
0
Transcript of INVOICE / BILL / ACCOUNT / ACCOUNTS / CHECK (AE) / RECEIPT 1.A statement of money owed for goods or...
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?
→ MK, p 95, Vocabulary 2
1 cost accounting
2 tax accounting
3 auditing
4 managerial account.
5 creative accounting → comment on the cartoonor window dressing
6 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
1 B 2 B 3 B 4 A 5C6 C 7A 8B 9A 10A
→ 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
ncome xpenditure
urnover
osts penses erheads
xation areholdersividend
ompany
evenue
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_______.
→Find Croatian equivalents RB 34 p. 35
inancial
ituation inancialear
ssets iabilitieshareholders’ unds
urrent ixed
oodwill atents
opyrights rademarks
hort-term
ong-term
quityhares eserves
Balance sheet, cont.
1. Complete the basic accounting equation:
A______ = L________ + S________________
or
_______ - ________ = ___________________
ssets iabilities hareholders’ equity
Assets liabilities shareholders’ equity
Provide opposites:• Short-term liabilities• Fixed assets• Debtors• Tangible• Assets• Current cost acc.• Payables• Own• Income• Net
• Long-term liabilities• Current assets• Creditors• Intangible• Liabilities• Historical cost acc.• Receivables• Owe• Expenditure• Gross
→ RB, p 36
Cash flow statement
• Two directions of cash flow:
• Three types of company activities:
o_______, f_______ & i________ activities
• Four examples of sources of funds
• Five examples of applications of funds
→ RB, p 35 – find Croatian equivalents
perating inancing nvestment
Accounting and Financial Statements
• operating, financing and investment activities• flow of cash in and out of the business• source of funds:• application of funds:
a) trading profits b) purchase of assetsc) sales of assets d) borrowinge) issuing of shares f) payment of dividendsg) trading losses h) depreciation provisionsi) repayment of loans
Accounting and Financial Statements
CASH FLOW STATEMENT• operating, financing and investment activities• flow of cash in and out of the business• source of funds (in): a, c, d, e, h• application of funds (out): b, f, g, i
a) trading profits b) purchase of assetsc) sales of assets d) borrowinge) issuing of shares f) payment of dividendsg) trading losses h) depreciation provisionsi) repayment of loans
• profit: - tax– dividends– retained / net profit
• costs• expenses• total sales or turnover• overheads
List them in the usual order:
PROFIT AND LOSS ACCOUNT• profit: - tax
– dividends– retained / net profit
• costs• expenses• total sales or turnover• overheads
List them in the usual order:
turnover, costs, expenses, overheads profit
• the last day of the financial year• company’s assets• liabilities• stockholders’ funds
Classify as assets or liabilities:
debtors creditors goodwill patentsaccounts receivable loans and bondstrade marks accrued expenses taxes
interest accounts payable stockmortgage buildings vehicles overdraft
BALANCE SHEET• the last day of the financial year• company’s assets• liabilities• stockholders’ funds
Classify as assets or liabilities:
debtors creditors goodwill patentsaccounts receivable loans and bondstrade marks accrued expenses taxes
interest accounts payable stockmortgage buildings vehicles overdraft
• HW: RB p 36 – Vocabulary exercises