Exercise 1: Answer the following questions.

1. Why is accounting called the “language of business”?

Answer : because its ability to communicate financial information about an

organization.
2. How is standardized accounting system achieved?
Answer : because the accounting process follows accountingprinciples and rules.
3. What are revenues and expenditures?
Answer : revenues is in coming money and expenditure is outgoing money
4. What kinds of services do public accountant provide?
Answer ; Such as auditing and tax computation to companies and individuals.
5. How are accountants classified in the USA?
6. Answer : Classified as public, private, or governmental.

Exercise 2: What does each of the following refer to?

Lines Words Referents
1 its Accounti
ng
4 them Various
intereste
d parties
16 another organizat
ion
17 one periods

Vocabulary
Exercise 1:

1. Many accounting departments have rigorous entrance requirements; only

themost qualified applicants are allowed to enter these programs.
2. The particular procedure used to process employee insurance claims may
 varyfrom company to company.
3. The stock market is monitored watched every day.
4. Rather than expand into foreign lines, the dress shop manager chose to deal
idependently with domestic fashion designers.
5. Although the consultant’s fee was high, his guidance andadvice were
well worth the money.
6. The financial status of a company is reflected in its financial statements.
7. When the business began to expand, a second bookkeeper was brought in
to help maintain the books.
8. In the United States there are numerous agencies at the local, state, and
national levels.

Exercise 2: Complete the sentences with the noun, verb, and adjective forms provided.
1. Communication/to communicate/communicative
A. Supervisors should strive for two-way to communicate with their
employees.
B. By using an overhead projector, the guest speaker was able
communication hisstatical information clearly.
C. Because of the clerck’s highly developed communicative skills, she
was given aposition that required her to deal directly with cutomers.
2. Information/informed/informative
A. The owner informed his employees that they would all receive a 5
percentpay increase.
B. Getting acquainted with Accounting, by John L. Carey, is a very
informative book.
C. Financial information is essential for organizational decision making.
 3. Allowance/allowed/allowable
A. The supervisor lost control of his staff members after he allowed
them tooverride his decision.
B. When the factory was built 50 years ago, little allowance was
made forremodeling and expansion.
C. Although allowable smoking was discouraged in the lunch room.
4. Fulfillment/fulfill/fulfilling
A. At times the assembly line worker felt a lack of professional fulfillment
B. When he was promoted to production supervisor, however, his job
became much more fulfilling.
C. Before the accountant could become a CPA, she had to fulfill a
numberof requirements.
5. Standards/is standardized/standard
A. The standard paper size in the United Stateds for business letters
andmemoranda is 81/2 x 11 inches.
B. The computer department standards its procedures for storing and
retrievingdata.
C. Nowadays rigorous is standardized are enforced in the area of food
processingand packaging.

Grammar
Exercise 1: Write the correct articles (a, an, the or nothing) into the paragraps below.
1. Moving to the United States was a most exciting thing I have ever done.I
moved last year to the New York. New York ia an exciting city, full of adventure.
In fact, I saw a famous actor on t h e street yesterday.

2. Today, I have a job interview the financial company. A company has

An offices all over the world. I am not sure that I have a skills to get hired.
 I hope so. The company’s office is on a Main Street. That’s the same streetmy
friend works on.

3. If I get hired, I could meet him after work for drinks. That would be great.He’s
from the Scot-land. He works 8 hours a day, 5 days a week.

Exercise 2: Choose the most appropriate article a, an , the, or nothing.

1. I saw a fox in the garden last night. It ran away when I opened the window.
2. A pizza I ate last night was the best I have ever had!
3. I would like a MP3 player for my birthday.
4. I think that a butterflies are the mst beautiful insect.
5. To build a tree house you need a wood, nails and a hammer.
6. My Japanese friend always brings a rice for lunch.
7. Do you like a new PE teacher? Yeah, she’s cool!.
8. Where are a scissors? Sorry, I haven’t seen them.
9. Many wedding rings are made of the silver.
10. I need to go to the library to return a books I borrowed.