Listening: English for Accounting

unit 1 exercise 2:
Mr Martin will be with you in a moment. He's just finishing a phone call.
Thank you
Would you like some coffee?
Yes that would be great, no sugar please.
Here you are!
Thank you. Is this the whole department?
No not at all. On this floor we have the trainee ………(1)…………and ………(2)………..
And does everyone work in the open plan area?
No some of the ……(3)……… have individual offices. The two big office is on the left for the
company treasurer and for our senior ………(4)………. …… The office is on the right are for our
…(5)…………….
and for our ………(6)……………in
and the office in the corner of the open plan area?
That's used by our back-office manager our
And you have offices downstairs as well?
Yes that's correct and downstairs are the ……(7)…………and at the moment we have a team……..
(8)…….That in one of the conference rooms at the end of the corridor
Ah, I see
unit 1 exercise 3:
Ah, Mr Martin, this is Michael Watches
I yes hello Michael I'm Paul……(9)……….., sorry to keep you waiting, please come in and ……
(10)……….Did you have a ….(11)……?
Yes thankfull. Finding the office was a little more difficult and I'm glad so many people here in
Brussels can speak ….(12)…….
Oh yes we're very international here now but that's not a bad thing I must say.
mmm Little cultural mix is good isn't it true?
You're ….(13)……..Would you like to start by telling me a little about your …..(14)………
Michael? Your ..(15)..is very ….(16)……..and then I'll fill you in on our group and the particular
requirements we have for this …..(17)……..
Yes that's fine. I guess you know from my CV that I studied ….(18)……..in New York.

Unit 2 exercise 12
Good morning Charles, you wanted to see me?
Yeah hi Sally, about how …..(19)………next week, you know we'll be discussing on ….(20)……..
Ofcourse, probably our …….(21)……..at the moment?
Right the …..(22)……….are getting nervous and the markets don't like our level of gearing. We
getting more and more questions about whether we can service our ..(23)..in the long term. It's
getting harder to attract new ……(24)……..so I wanted to speak to you about what we can do?
We're investing a significant …(25)…..in a new factory in Germany, so we need to come up with a
solution soon. The new factories very importan and we're looking at …(26)……and that's where
you come in. Tell me what we can do with leases on the …(27)……..? What allowed in this
country?
Is this a business decision to lease these assets ?
Let's just say it's one possibility we're looking at.
You're thinking that if released the assets we can exclude these ….(28)…….from the balance sheet?
Exactly

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You know that the auditors will look very closely at these…(29)…….. The accounting standards or
….(30)……..if you like mean finance leases must be disclosed. If we are effectively the owner at
these…(31)…, then we're not going to have a choice.
And how do we determine the owner?
That depends on the conditions in the…(32)…..
And shouldn't be a problem and then we couldn't call the….?
…(33)………. But remember auditors and the markets are now very sensitive to these things. We
can't afford to be seen as trying to mislead anyone.
Ofcourse not but for the meeting next week I have a think about it okay
Yeah I'll try and bring some ideas
Great, see later
Okay bye
Unit 1 exercise 15
1: He'll have paid his debt self by …(34)…
2: Look at the …(35)………………….on the balance sheet if you want to know how the company's
doing
3: Many developing countries are burdened by …..(36)……..
4: We need to look at the ….(37)…………..before we think about any major new purchases
5: The ….(38)……has limited liability status
6: Current liabilities are those which it paid off …..(39)……..
7: The companies ……(40)…..to the tune of $10 million

Unit 2 exercise 4
C: ….(41)…..
C: …….(42)……..
B: …….(43)…….
or D: ……(44)…..
C: ………..(45)……………
A: ………..(46)…………
A: ………….(47)…………..
or D: the phone number, room number or other figure ….(48)……
B: the phone number, room number or other figure …….(49)……..
Or C the year ……(50)………
Unit 2, exercise 7
(Female teacher): Okay. Norman has just asked me to go over some other …..(1)… I’ve used in the
report which I sent you last week. The first of these is on page 3, that is …..(2)…. Everyone got it?
(Male student): Yeap
(Female teacher): Okay. Working capital is quite simple, it is ….(3)……. divided by …..(4)…….
Any questions?
(Male student): Yes. What’s it for?
(Female teacher): Well. It basically tells us if we have enough …..(5)……. to cover ….(6)……. If
we don’t, we could be in trouble. Okay? Good. Next is …..(7)…... This is net income plus interest
expense divided by total assets. Before you ask, it allows us to ……(8)…….. the way we use our
assets. It can help us decide whether or not we should start a new project, for example. By
comparing return expected against the …….(9)……………………. Is that clear?
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(Female student): I have a question. What’s …….(10)……………?
(Female teacher): I was just coming to that. It is total assets divided by total liabilities. It tells us
what proportion of the ……(11)……….. are being financed through the use of debt. If this ….(12)
…….. is high in a market with increasing interest rates, creditors are gonna get worried. The debt
asset ratio determines the ………..(13)………… of the enterprise. Okay? If there is no question, I
would like to move on to the next.
Unit 2, exercise 10
1. Norman has just asked me to go over some other …..(14)……. I’ve used in the report.
2. Everyone got it.
3. Before you ask
4. Is that clear
5. I was just coming to that
6. If there is no question, I would like to move on to the next.
Unit 2: Output accountant
The financial statements of a company are the most ………(15)……….. that a company produces.
Investors, creditors, bank’s customers, everybody reads ……(16)……. The accounts show what a
company does with its money, how ……..(17)………. it is, and also how risk worthy it is, and you
can see warning signs for the future. Our ……(18)…….. depend on properly prepared accounts.
Trader. I agree that the accounts of a company have a lot of information, but it’s hard to understand
it all. In my job, I need to know the ………(19)…………… to the company. People interested in
the stock exchanges rely on experts like me, that there are also many other ….(20)……………….
As for the accounting rules, they don’t interest me or anyone else at all that stuff for the
accountants.
……….(21)……….. All those numbers and I haven’t got a clue what they all mean. Pages and
pages of them and apparently they are often only ……(22)…….. or they can be interpreted in one
of many ways. What’s the point when the accountants themselves can’t agree on how to show the
numbers? Most of them need a lot more information and …….(23)……. about the company, the
more we get in the accounts.
Layman. Is it really that hard how we just look at the …….(24)…….. of the company to find out
how it’s doing. And see all of us, the accountants are there to tell us about the numbers, and I
thought that’s what they do. They have train to …..(25)…. these numbers. And it can’t be that hard
to count up everything that’s happened.
……..(26)………….. This is exactly the problem. There are many ways to change the numbers to
give a better picture. Some of my peers have been guilty of doing just that. The accountants and
auditors have to take ………(27)………. for the way that numbers are reported. Accountants and
their work are ………(28)…….. They just need to make it a little easier to understand.
Unit 3, exercise 1

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Male: So could you just go over ……..(29)……. again?
Female: Sure. I have prepared a ……(30)…….. at the different types like you asked.
Male: Great.
Female: Okay. Let’s see. Well, you know that normal accounting treatment means that a ……(31)
…… has to be written off over its useful life, and basically we look at ……(32)…… and take away
its estimated scrap value then we use depreciation method to write it off.
Male: Yes, of course. It’s served …..(33)……. for computers I think.
Female: Right. Well, as you say, there are different ways of doing this. Let’s see. ………………..
(34)………………………………. If you look at this list, you can see the description of each of
these methods.
Male: Oh yes, I see. That’s very useful.
Unit 3, exercise 2
F: We’ve got a few minutes to ourselves. Could you just go over again how was the …………(35)
………….. calculated?
M: Okay. The ………(36)……… minus our interest expenses give us the profit before tax figure.
This is the amount which ………(37)………… is then subject to taxation. In fact, the taxation
amount is just an estimate because we won’t know until much later exactly how much tax we’ll
have to pay. What do we do with this estimate. In fact, we prepare …….(38)……... It will be filed
all that’s kept by us to …….(39)…….. the taxation expense we include in the P&L.
Female: Will this also be audited?
Male: Yes. And of course, the ……..(40)…….. is a figure that we can distribute to shareholders.
Female: What do we do when the ……..(41)……….. differs from the profit before tax?
Male: We record what happens on the balance sheet. It’s either annex ………(42)… or liability.