ENGLISH FOR FINANCE AND ACCOUNTING UNIT 9 a CLEAN REPORT

In the near future, the bank's head office will need financial information from its branch banks to complete its annual financial statements.. CEO: The chief accountant should prepare me

CAN THO UNIVERSITY COLLEGE OF ECONOMICS

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ENGLISH FOR FINANCE AND ACCOUNTING

UNIT 9

A CLEAN REPORT

Instructor: M.A Pham Lan Anh

NAMES ORDER

NUMBERS

Tăng Trần Quỳnh Như 10 MARRY (Auditor/ Secretary 2) 100%

At XYZ commercial bank.

Phone from headquarters to branch bank.

Secretary 1: Alo! This is a branch of XYZ commercial bank in Can Tho I’m

Secretary 1 May I help you?

Secretary 2: Hello! My name is Lucy and I am the secretary of the head office

of XYZ Bank

In the near future, the bank's head office will need financial information from its branch banks to complete its annual financial statements The board will send an audit team to review the bank's financial statements on April 13 I inform you so

Secretary 1: I am understand Thank you

Secretary 2: No problem Goodbye

Secretary 1: Goodbye

At branch bank.

The secretary knocked on the door of the director's office.

Secretary 1: Report the director! I received a call from the headquarters They

said they would have an audit at our branch bank on April 13

CEO: I know! Please help me call the chief accountant into here

Secretary 1: Yes sir!

The director meets the chief accountant

Chief Accountant: Director for calling me!

CEO: The chief accountant should prepare me a consolidated financial

statement of our bank's business operations in the past year The next week submitted to me

Chief Accountant: Yes sir! What more do boss need?

CEO: No! you can go to work

Chief Accountant: I greet the director!

In the accounting department.

Chief Accountant: We need to prepare a consolidated financial report for the next

week Accountant will be in charge of reporting to me

Accountant: Yes, sir!

The bank chief asked the secretary to prepare the meeting on April

10 and invite the relevant people to work together

On the day of the meeting

CEO: How much progress have you made?

Chief Accountant: Basically, they have completed the financial statements and the

related documents for explanation and then the boss

CEO: you guys are strenuous Then today let's present what we have

done, to see if it is fit and we finish it together

Accountant: Please go to the summary of the financial statement, generally

for the past year, banks are profitable Total assets, capital increased

CEO: Thank you for your explanation I think it seems complete,

please submit to me as scheduled

April 13

At the meeting room of the company, the audit meeting started at 7:30

am Director with secretary and 2 accountants are preparing

financial report documents

CEO: You must be very hard today! The report prepared very well, the

board of directors have compliment!

Chief Accountant: Thank you Director! That is our responsibility!

Accountant: That's right!

CEO: After the audit today, the bank will have a small party, you join

them offline

Both Accountants: Yes, sir.

CEO: It's about time! Are you ready?

Both Accountants: Yes.

Outside the meeting room The secretary just sang and waited for the auditor to come Two auditors arrived.

Secretary 1 : Hi, I am Being in the secretary position Nice to meet you

Chief Auditor: Hello! Nice to meet you

Auditor: Hello! Nice to meet you

Secretary 1: The director is waiting for you inside Invite you in

In the meeting room, everyone in the meeting room stood up to greet the audit team Clerk started introducing:

Secretary 1: Hello Director! These are two auditors from AFC Vietnam They

will be in charge of the audit today This is the director of our

bank! (the clerk hands over to the director)

CEO: (shaking hands) My name is David Nice to meet you

Chief Auditor: Hello Sir! My name is Lyly As chief accountant, And here is

Marry as an auditor Nice to meet you.

Auditor: Hello We come from AFC Auditing Company Limited Nice to

meet you

Secretary 1: This is the chief accountant and accountant of our bank (Hands

on two accountants)

Chief Accountant: Hello My name is John Nice to meet you.

Accountant: Hello I am Anna Nice to meet you

CEO: Invite everyone to sit We start working Content: Scenes The

secretary delivers the documents to the audit committee

CEO: At the end of one year of operation, we have completed the

financial statement, to verify the truthfulness of the report, so we have a meeting today Let's take a look

Secretary 1: Invitation to account explanation of the report

Accountanct: Last year, Our bank has good business Detail deposits at the

State Bank increased 2.2 billion VND Risk provisions decreased

by 29 billion VND

Interest rate and receivables increased 7.2 billion VND However, Total assets reserved 211.5 billion VND Classification of Loans

at other credit institutions into deposits at other banks were VND 677.4 billion Payables and liabilities decreased by VND 211 billion Liabilities and owner capital reserved 211.5 billion VND

We have detailed statistics on the document

Chief Auditor: Thank you for your presentation We would like to congratulate

you on your good year The financial statement is quite complete However, we need the bank to explain one more detail Firstly, for units calculated according to the Accounting Law must be in VND but your bank's financial statements use a unit of thousand, this is not appropriate, you need to edit

Chief Accountant: We accept this error We will fix it.

Auditor: Secondly, in terms of other expenses, we noticed a sudden

increase in comparison with the previous year

CEO: In the past year, the bank has had a great event celebrating its

50th anniversary To better understand this activity, I suggest the chief accountant explain to the accountancy

Chief Accountant: Other expenses increased mainly due to the cost of organizing

this anniversary event During the anniversary, the bank offered many valuable rewards to employees and loyal customers, especially Support activities to build houses for the poor

Auditor: As for tangible fixed assets, we see a sharp increase over the

previous year, we need the bank explain

CEO: In this regard, I would like to invite the chief accountant of the

bank explaining

Chief Accountant: On behalf of the company I would like to explain this matter as

follows: The value of tangible fixed assets increased to VND 5 billion due to the structure of the bank changed the means to serve employees in far jobs This change is part of the bank's plan

to change the face of the bank

Auditor: According to previous information, we are aware that the bank

still has many fixed assets have not expired depreciation Here are the means of transportation Is this change really necessary?

CEO: This change contributes to enhancing the bank's image in society

At the same time, it creates a professional and classy working environment for the group of employees who actively contribute

to the operation of the bank

Auditor: We understand, thank you

Chief Accountant : Regarding these errors, our bank will amend and submit

the complete report for you next week

Chief Auditor: Yes

CEO: Thank you for coming here coming lunch, everyone can eat

together?

Chief Auditor: No, we return to complete the audit report, dear sir

Chief Accountant: Bye.

Accountant: Bye

Secretary 1: Please follow me

After the meeting, two auditors wrote the audit report and sent it to XYZ bank Because the bank branches operate effectively, it was rewarded.