Vocabulary Exercises. I. Find synonymous pairs:

I. Find synonymous pairs:

Responsible, to buy, public, influence, earnings, costs, to purchase, information, impact, to provide with, to acquire, to employ, expenses, in charge of, to supply, to obtain, to hire, state-owned, evidence, income.

II. Find equivalents:

1. sale transaction a. облік витрат

2. a short-term analysis б. займатися чимось

3. a long-term impact в. процес фінансового звіту

4. management decision- г. довгостроковий вплив

making process

5. cost-accounting д. покладати зобов’язання

6. be concerned with е. трансакція збуту

7. be charged with є. короткостроковий аналіз бізнесу

8. financial reporting process ж. процес прийняття рішень з питань

управління

III. Match the terms with its definitions:

1. balance sheet а. buying some goods in any volumes.

2. financial accounting b. the theory or practice of keeping or inspecting

accounts.

3. profit c. deals with preparing a standard set of financial

statements for public publication at the end of

the fiscal year.

4. purchase transaction d. amount by which total revenue exceeds total cost.

5. managerial accounting e. expenditure on capital goods with a view to

achieving profitable production for consumption.

6. loss f. statement of the financial position of a company. It

must be always balance, that is the sum of all the

assets must equal the sum of all the liabilities.

7. investment g. amount by which total revenues are less than costs.

8. accountancy h. deals with preparing specialized reports for top

managers within the company.

IV. Answer the questions:

1. What does the classification of financial accounting transactions reflect?

2. How is the analysis of the profitability of the business done?

3. What is a short-term analysis of business activities?

4. What transactions are included into the long-term analysis of business activities?

5. What statement does financial accounting bring together investment and financial transactions in?

6. What information does MA involve to support management decision-making process?

7. What is a subset of MA?

8. What is the role of MA in business nowadays?