INVOICE / BILL / ACCOUNT / ACCOUNTS / CHECK (AE) / RECEIPT

1
INVOICE / BILL / ACCOUNT / ACCOUNTS /CHECK (AE)
/ RECEIPT

• A statement of money owed for goods or services
  supplied.
• a slip or ticket showing the amount owed, esp. a
  bill for food or beverages consumed (AE)
• 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.
• A written statement showing that you have
  received money, goods or services.
• An arrangement between a bank and a customer that
  allows the customer to pay in and take out money.
• The complete set of records showing money coming
  into or going out of a business, its profits and
  its financial situation.

2
INVOICE / BILL / ACCOUNT / ACCOUNTS /CHECK (AE)
/ RECEIPT

• A statement of money owed for goods or services
  supplied. BILL (invoice)
• A slip or ticket showing the amount owed, esp. a
  bill for food or beverages consumed (AE). CHECK
• 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
• A written statement showing that you have
  received money, goods or services. RECEIPT
• An arrangement between a bank a customer that
  allows the customer to pay in take out money.
  ACCOUNT
• The complete set of records showing money coming
  into or going out of a business, its profits and
  its financial situation. ACCOUNTS
• Croatian term

3
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/bill
bill
account
bill
accounts
invoice
receipt
4
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

5
What skills do accountants need?

• 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

• 1 cost accounting
• 2 tax accounting
• 3 auditing
• 4 managerial account.
• 5 creative accounting or window dressing
• 6 bookkeeping

6
? MK, p 96, Vocabulary 4 Common word
combinations

• Calculate liabilities
• Calculate taxes
• Keep records
• Pay liabilities
• Pay taxes
• Receive income
• Record expenditure
• Record income
• Record transactions

• Value assets
• Value liabilities

7
ACCOUNTING FINANCING
8
MK, p 95, Vocabulary 1

• 1 B 2 B 3 B 4 A 5C6 C 7A 8B 9A 10A
• ? RB, p 32 Read, fill in the notes Match up
  words
• ? MK, p 96, Task 3
• ? RB, p 33

9
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
evenue
osts
penses
erheads
xation
areholders
ividend
ompany
10
Balance Sheet
inancial

• The balance sheet shows a companys f_________
  s________ on the last day of the f________
  y_______.
• It lists the companys a_________, l__________
  and s___________ f_______ (equity).
• Assets can be c_________ and f__________.
• Why do a companys assets include debtors?
• Intangible assets include g_________, p________,
  c_________ t____________.
• Liabilities can be s__________ (current) and
  l___________ .
• Owners capital (e______) is money received from
  the issue of s________ and r_______.
• ?Find Croatian equivalents RB 34 p. 35

ituation
inancial
ear
ssets
iabilities
hareholders
unds
urrent
ixed
oodwill
atents
rademarks
opyrights
hort-term
ong-term
quity
hares
eserves
11
Balance sheet, cont.

• 1. Complete the basic accounting equation
• A______ L________ S________________
• or
• _______ - ________ ___________________

iabilities
hareholders equity
ssets
shareholders equity
Assets
liabilities
12
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
13
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
14
Accounting and Financial Statements

• operating, financing and investment activities
• flow of cash in and out of the business
• source of funds
• application of funds
• trading profits b) purchase of assets
• sales of assets d) borrowing
• issuing of shares f) payment of dividends
• trading losses h) depreciation provisions
• i) repayment of loans

15
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
• trading profits b) purchase of assets
• sales of assets d) borrowing
• issuing of shares f) payment of dividends
• trading losses h) depreciation provisions
• i) repayment of loans

16

• profit - tax
• dividends
• retained / net profit
• costs
• expenses
• total sales or turnover
• overheads
• List them in the usual order

17

• 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

18

• the last day of the financial year
• companys assets
• liabilities
• stockholders funds
• Classify as assets or liabilities
• debtors creditors goodwill patentsaccounts
  receivable loans and bondstrade marks accrued
  expenses taxes
• interest accounts payable stock mortgage building
  s vehicles overdraft

19

• BALANCE SHEET
• the last day of the financial year
• companys assets
• liabilities
• stockholders funds
• Classify as assets or liabilities
• debtors creditors goodwill patentsaccounts
  receivable loans and bondstrade marks accrued
  expenses taxes
• interest accounts payable stock mortgage buildin
  gs vehicles overdraft

20

• HW RB p 36 Vocabulary exercises