Lexical test

Translate the following expressions from English into Russian:

Financial activities, sales revenue, short-term financing, long-term loans, cash flow problems, firm’s expenses and revenues, the borrowed money, inventory costs, interest rates, to pay interest, borrowers and creditors, a business operation, financial statements, balance sheet, income statement, accounting information, a summary of firm’s assets and liabilites, owners equity, firm’s profitability, an accounting department, accounting records, business transactions, all the expenditures, a Trial Balance, a Ledger, financial needs, accounting system

I. Translate the following sentences into Russian:

1. Accounting shows a financial picture of the firm.
2. An accounting department records and measures the financial activity of a business.
3. An accounting department reports on the effects of the transactions.
4. Most businesses prepare regularly the two types of records: an income statement and a balance sheet. These statements show how money was received and spent by the company.
5. A balance sheet is a summary of a firm’s assets, liabilities, and owners’equity accounts at a particular time.
6. An income statement is a summary of a firm’s revenues and expenses during a specified accounting period.
7. Accounting is the process of systematically collecting, analyzing, and reporting financial information.
8. Bookkeeping is the necessary part of accounting. Bookkeepers are responsible for recording the financial data that the accounting system processes.
9. Bookkeepers deal in taxes, cash flow, and records on sales and purchases and different business transactions.
10. Bookkepers first record all the financial data in the books. At the end of the month all the totals are recorded in the Ledger.
11. Bookkeepers also prepare the Trial Balance.
12. The accountant is to analyse the data in the Ledger and the Trial Balance.
13. The accountant is to determine the ways in which the business may grow.
14. The chief accounting officer of a large company is the Comptroller, who is responsible for measuring the company’s performance.
15. Auditors are certified accountants who review the financial records of a company and report to the management on the current state of the company’s fiscal affairs.
16. Auditors are employed regularly or on a part-time basis.
17. Audits are reviews of financial activity of a company.
18. Outside audits are a normal and regular part of business practice.

I. Translate the following expressions from Russian into English:

Финансовая деятельность, доход от продаж, краткосрочное финансирование, долгосрочные ссуды, проблемы с движением наличности, расходы и доходы фирмы, занятые деньги, затраты на товарные запасы, процентные ставки, платить процент, заемщики и кредиторы, коммерческая операция, финансовые отчеты, балансовый отчет, отчет о доходах, информация о ведении счетов (о бухгалтерском учете), обобщенный отчет об активах и пассивах, собственный акционерный капитал, прибыльность фирмы, бухгалтерия, отчеты о ведении счетов, коммерческие сделки, все расходы, пробный баланс, главная бухгалтерская книга, финансовые потребности, система бухучета.

II. Перевести следующие предложения на русский язык: