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TEXT 1 Accounting can be described as an information system that provides essential information about the financial activities of a business

entity to various individuals or groups for their use in making informed decisions. Accounting is a language. The purpose of any language is to convey information. Accounting is provided by reports called financial statements. Escreva o significado das palavras abaixo. 1. accounting = 2. to provide = 3. about = 4. business = 5. entity = 6. purpose = 7. any = 8. convey = 9. reports = 10. financial statements =

TEXT 2 The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles (GAAP). Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit. Encontre o significado das palavras abaixo: 1. person = 2. in charge = 3. known = 4. as = 5. accountant = 6. typically = 7. required = 8. to follow = 9. set = 10. rules = 11. regulations = 12. such as = 13. Generally Accepted Accounting Principles 14. allows = 15. performance = 16. to look at = 17. net profit =

TEXT 3 Assets Things that are resources owned by a company and which have future economic value that can be measured and can be expressed in dollars. Examples include cash, investments, accounts receivable, inventory, supplies, land, buildings, equipment, and vehicles. Assets are reported on the balance sheet usually at cost or lower. Assets are also part of the accounting equation: Assets = Liabilities + Owner's (Stockholders') Equity. Liabilities Obligations of a company or organization. Amounts owed to lenders and suppliers. Liabilities often have the word "payable" in the account title. Procure o significado das palavras grifadas. Relacione. 1. debit 2. liabilities 3. contract 4. assets 5. credit 6. transaction 7. shareholder ( ( ( ( ( ( ( ) the opposite of assets. ) an agreement between two or more parties, often written. ) money that is owed. ) the opposite of liabilities. ) someone who owns parts of a company. ) money that someone owns. ) buying or selling something.

Traduza o trecho abaixo para o portugus: TEXT 4 This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows.


Accounting Documents TEXT 1 Balance Sheet One of the main financial statements. The balance sheet reports the assets, liabilities, and owner's (stockholders') equity at a specific point in time, such as December 31. The balance sheet is also referred to as the Statement of Financial Position. Encontre o significado das palavras grifadas. Balance Sheet main financial statements reports assets liabilities owner's (stockholders') equity

TEXT 2 Cash Flow Statement The statement of cash flows reports the sources and uses of cash by operating activities, investing activities, financing activities, and certain supplemental information for the period specified in the heading of the statement. Encontre o significado das palavras grifadas. Cash Flow Statement Sources Cash Heading

TEXT 3 Income Statement The income statement is also referred to as the profit and loss statement, P&L, statement of income, and the statement of operations. The income statement reports the revenues, gains, expenses, losses, net income and other totals for the period of time shown in the heading of the statement. Encontre o significado das palavras grifadas. Income Statement profit and loss statement revenues gains expenses losses net income shown

TEXT 4 Assets are valuable resources owned by the entity. An entity needs cash, equipment, and other resources in order to operate. These resources are its assets. The balance sheet shows the amounts of each of these assets as of a certain date. Liabilities are the entitys obligations to outside parties. These parties are generally called creditors because they have extended credit to the entity. Relacione. 1. assets 2. resources 3. owned 4. entity 5. cash 6. valuable 7. amounts 8. liabilities 9. parties 10. outside parties 11. creditors 12. extended ( ( ( ( ( ( ( ( ( ( ( ( ) valioso ) dinheiro ) passivos ) terceiros ) ativos ) recursos ) de propriedade ) montante ) credores ) entidade ) concedido ) partes


Balance Sheet
The balance sheet is one of the main financial statements. It is also known as the statement of financial position. The balance sheet reports the amount of assets, liabilities, and stockholders' (or owner's) equity at a specific moment (or point in time). The balance sheet usually reports assets by classifications such as current assets, investments, property, plant and equipment, and other assets. Liabilities are classified as current liabilities and long-term liabilities. Typical assets listed on the balance sheet include cash, accounts receivable, inventory, supplies, prepaid insurance, land, buildings, equipment, and intangible assets such as goodwill. Typical liabilities include notes payable, accounts payable, wages payable, interest payable, income taxes payable, and bonds payable. Stockholders' equity is the difference between the amounts reported for assets and liabilities.

Complete the sentences according to the text. 1) Another name for the balance sheet is: ______________________________ 2) The balance sheet reports the amount of assets, liabilities and stockholders equity at a specify point __________________________________________. Answer the questions: 3) What is owners equity? 4) How the assets accounts are listed on a balance sheet? 5) How the liabilities accounts are listed on a balance sheet? 6) Match. a) resources b) obligations 7) Put the words in the correct side. current assets current liabilities property, plant and equipment investments long-term liabilities other assets ASSETS LIABILITIES ________ liabilities ________ assets

TEXT 2 Complete as frases usando as palavras abaixo. specializing studying for inspecting its accounts processing the records giving administrative support to inspect its accounts Trainee accountants Accountants who are ____________________________ for professional examinations. Bookkeepers Administrative staff responsible for _______________________________ of a businesss financial activities. Tax accountant An accountant ___________________________ in a companys tax affairs. Back-office manager Person in charge of the staff responsible for ____________________________________ to the Finance department. Internal auditors Employees of a company who are responsible __________________________________. External auditors People employed by an outside firm of accountants and hired by a company _____________________________________________.

TEXT 3 Accounting is a system that enables companies to record all the money that comes in and all the money that goes out. The accounting process is really important because the proprietor or shareholders need accurate information about the companys performance. Sometimes foreign investors read annual reports and balance sheets to analyze a company. Balance sheets show the companys transactions and how much money is involved. Relacione as colunas. 1. to record 2. to come in 3. to go out 4. shareholder 5. accurate 6. foreign 7. annual report 8. balance sheet 9. to show 10. how much ( ( ( ( ( ( ( ( ( ( ) entrar ) balano ) gravar, registrar ) relatrio anual ) quanto(a) ) estrangeiro(a) ) preciso, acurado ) mostrar ) sair ) acionista

Balance sheet gives financial information about an entity. An entity is any organization for which financial statements are prepared. A business is an entity: a college, a government, a church, and a synagogue are also entities. The Balance Sheet shows where the money came from and went to. It is frequently prepared every year, in fact once a year. It is usually prepared at the end of the fiscal year. Some other companies prepare it at the end of the calendar year. It varies from company to company. It depends on the companys policy. Classifique os verbos abaixo no Presente ou Passado e escreva os seus significados. 1. gives = 2. is = 3. are = 4. shows = 5. came = Relacione: 1. sales 2. purchases 3. to borrow 4. profit 5. loss 6. to own 7. assets 8. liabilities 9. loan 10. wage 11. costs 12. expenses 13. once a year 14. fiscal year 15. policy 16. net income 17. revenue 18. lender ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ) perda, prejuzo ) possuir, ter ) ativos ) vendas ) compras ) tomar/pegar emprestado ) salrio ) lucro ) emprstimo ) custos ) poltica ) passivos ) uma vez por ano ) credor ) renda, recieta, rendimento ) ano fiscal ) despesas ) renda lquida, lucro lquido 6. went = 7. prepare = 8. varies = 9. depends = 10. prepared =

TEXT 5 Balance Sheet

A list of the assets, liabilities and owners equity of a business entity as of a specific date, usually at the close of the last day of a month or a year. Assets are usually listed first, followed by a list of liabilities and a section detailing owners equity. Asset accounts (known as the left-hand side of the balance sheet) carry debit balances. Assets are usually listed with cash first, followed by accounts receivable, inventory, and other assets considered to be current assets (those easily converted to cash or expected to be converted to cash within one year). These are subtotaled and followed by a list of long-term assets such as land and equipment. Liabilities are classified similarly. Current liabilities (those due within one year) are listed first, usually in the order of accounts payable, notes payable, and various other obligations such as salaries payable. These are subtotaled and followed by a listing of long-term liabilities (those due after one year). Liabilities and owners equity (known as the right-hand side of the balance sheet) carry credit balances. Relacione: 1. current assets 2. prepaid expenses 3. fixed assets 4. accounts receivable 5. accounts payable 6. notes payable 7. cash 8. depreciation 9. accrued expenses 10. allowance for doubtful accounts 11. notes receivable 12. marketable securities 13. current liabilities 14. goodwill (=going-concern value) 15. inventory 16. owners equity 17. retained earnings 18. intangible assets 19. trademark ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ) depreciao ) despesas provisionadas ) ativo circulante ) ativos intangveis ) ativos fixos ) ttulos a receber ) patrimnio lquido do proprietrio ) contas a receber ) contas a pagar ) despesas/servios pr-pagos ) valores mobilirios negociveis ) proviso para devedores duvidosos ) dinheiro em caixa ) ttulos a pagar ) passivo circulante ) passivo de longo prazo ) lucros retidos ) inventrio, estoque ) ano vigente, ano em curso

20. common stock 21. shareholders equity 22. current year 23. long-term liabilities

( (

) patrimnio dos acionistas ) aes ordinrias

( (

) marca registrada, marca comercial ) fundo de comrcio, valor do aviamento

TEXT 6 Financial Records All businesses need to maintain financial records in order to find out if they are making a profit. Nowadays, a more sophisticated system of Accounting is needed. The design, maintenance, and interpretation of the information recorded in accounts is referred to as Accounting. Accountants use the information in accounts to construct financial statements. These statements are analyzed by management and used as a basis for business decisions such as allocation of financial resources, development of new products, and expansion of operations. The most important of these financial statements are the balance sheet and the income statement. The balance sheet is a financial statement which indicates the condition of a company on a specific date. It is called a balance sheet because it expresses the basic Accounting formula: Assets = Liabilities + Owners Equity (Owners equity is also referred to as net worth). On a balance sheet the value is always expresses in terms of money. Companies have different types of assets. Assets are anything of value to a company. They are usually divided into two groups: current assets and fixed assets. Current assets are either cash or items which will be turned into cash during the current business period, such as merchandise to be sold and payments to be received. In addition to cash, inventories, and receivable, companies sometimes have stocks and bonds. Fixed assets are those that will be kept and used for a long time. Fixed assets are usually itemized according to their use to the firm. New machinery and production equipment are valued at their costs. As the equipment is used, its value decreases. This decrease in value is called depreciation.

The opposite side of the balance sheet shows the liabilities. Liabilities are amounts which the company owes. Liabilities, like assets, are divided into two groups. Current liabilities are debts which must be paid during the current business cycle. They would include accounts payable, taxes payable, accrued wages payable, and interest on borrowed money. Companies also have long term liabilities. These are debts which have to be repaid within perhaps ten, twenty, or thirty years. Companies usually have to pay interest on long term debts. Relacione: 1. gross 2. net 3. miscellaneous 4. purchases 5. goods 6. available 7. sales 8. wages 9. advertising 10. supplies 11. payroll 12. rent 13. repairs and maintenance 14. insurance 15. utilities 16. interest 17. income 18. opening stock 19. closing stock 20. selling and distribution expenses 21. motor expenses 22. light and heating 23. discounts allowed 24. bank interest paid ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ) disponvel, vivel ) propaganda ) bruto ) lquido ) suprimentos ) aluguel ) consertos e manuteno ) servios pblicos ) vendas ) compras ) diversos ) salrios ) folha de pagamento ) seguro ) juros ) renda, ganho ) estoque anterior, inicial ) estoque final (de fechamento) ) luz e quecimento ) descontos concedidos ) lucro lquido ) lucro retido ) diferir ) transportar

25. retained earnings 26. net profit 27. professional fees 28. to carry forward 29. to bring forward 30. turnover 31. overhead expenses

( ( ( ( ( ( (

) despesas gerais ) juro bancrio pago ) despesas com vendas e distribuio ) bens, produtos ) honorrios profissionais ) volume annual de vendas, giro ) despesas com veculos