Unit 21What is accounting

GROUP 3UNIT 21: WHAT IS ACCOUNTING Numbe r Word and phase 1.. Firstly, The basic purpose of accounting is supply accounting information in making economic decisions.. • Financial accoun

GROUP 3

UNIT 21: WHAT IS ACCOUNTING

Numbe

r

Word and phase

1 Exhibit

(n)

/ɪɡˈzɪbɪt/ A thing that is

used in court to prove that somebody is guilty or not

guilty – văn kiện, giấy tờ

The first exhibit

was a knife which the prosecution claimed was the murder weapon.

2 Illustrate

(v)

/ˈɪləstreɪt/ to use pictures,

photographs, diagrams, etc in a

book, etc – minh

họa

His lecture was

illustrated with

photos taken during the expedition.

3 Obligation

(n)

ˌɒblɪˈɡeɪʃn the state of being

forced to do something because it is your duty, or because

of a law, etc

Nghĩa vụ

She did not feel under any obligation to tell him the truth

4 Necessary

(adj)

ˈnesəsəri that is needed for

a purpose or a reason

Thiết yếu

I'll make the

necessary

arrangements.

5 Interpretation

(n)

ɪnˌtɜːprɪˈteɪʃn the particular way

in which something is understood or explained

Sự giải thích

Dreams are open

to interpretation

6 Virtually

(adv)

ˈvɜːtʃuəli almost or very

nearly, so that

Virtually

all students will

any slight difference is not important

Hầu như, gần như

be exempt from the tax.

7 Managerial

(adj)

mænəˈdʒɪəriəl connected with

the work of a manager

(Thuộc ) người quản lí

Does she have

any managerial

experience?

8 Warehouse

(n)

ˈweəhaʊs a building where

large quantities of goods are stored, especially before they are sent to shops/stores to be sold

Kho hàng

My company’s

warehouse is not

big

9 Preparation

(n)

prepəˈreɪʃn the act or process

of getting ready for something or making

something ready

Sự chuẩn bị

Preparation for

the party started early.

10 Appropriate

(adj)

əˈprəʊpriət suitable,

acceptable or correct for the particular circumstances

Thích hợp

Is now an

appropriate time

to make a speech?

11 Manner

(n)

ˈmænər the way that

something is done

or happens – cách

thức

She answered in

a businesslike ma nner.

12 Adjust

(v)

əˈdʒʌst to change

something slightly to make it more suitable for

a new set of conditions or to

This button is for

adjusting the

volume.

make it work

better – điều

chỉnh.

13 Reorganize

(v)

iˈɔːrɡənaɪz to change the way

in which something is organized or done

– tổ chức lại.

Their headquarters

was reorganized

into five regional offices.

14 Regulation

(n)

reɡjuˈleɪʃn an official rule

made by a government or some other

authority – qui

định.

There are too many rules and regulations

15 Extent

(n)

ɪkˈstent how large,

important, serious, etc

something is; the physical size of

an area – khoảng

rộng, phạm vi.

It is difficult to assess the full extent of the damage.

You can't see the full extent of the beach from here.

Firstly, The basic purpose of accounting is supply accounting information in

making economic decisions

Secondly, there are three types of accounting information They are: financial

accounting, management accounting and tax accounting

• Financial accounting refers to information describing the financial

resources, obligations, and activities of an economic entity that is

designed primarily to assist investors and creditors in deciding where to place their scare investment resources

• Management accounting involves the development and interpretation of

accounting information what are used in setting the company’s overall

goals, evaluating the performance of departments and individuals and in making all types of managerial decisions

• Tax accounting information to contrast with financial and management

accounting so the resulting figures and reports are different Beside,

contrary to tax accounting, tax planning more challenging than the

preparation of an income tax return

III. DEFINITION

1. Accounting (n): the skill or activity of keeping records of the money a

person or organization earns and spends or the job of beingan accountant – nghề kế toán

2. Accountant (n): someone who keeps or examines the records of money

recevied, paid, and owned by a company or person – kế toán viên

3. Accouting process (n): A sequence of activities involving the recording

of how cash is received and paid out in a company or organization- quy trình kế toán

4. Financial accounting (n): a type of accouting that deals with provding

financial reports about company’s profit, debts, cash flow, ect So that investors, banks, ect Can measure the company’s performance – kế toán tài chính

5. Management accounting (n): the activity of preparing and using

financial information about a company in order to support management decision – kế toán quản trị

6. Tax accounting (n): accounting methods to prepare information on a

person’ income or a company’s earnings for the tax authority, rather than,

in the case of companies, for its executives, shareholders, ect – kế toán thuế

7. Tax planning (n): Exercise undertaken to minimize tax liability through

the best use of all available allowances, deductions, exclusions,

exemptions,

8. Tax return (n): A form that some people must fill in to give information

about how must they have earned in a year – kê khai thuế