Ex.9. Fill in the missing prepositions.
It is difficult … a firm to plan … the future when the managers do not know where the firm stands financially. Accounting is the primary means … which financial information … a firm is communicated. Accounting can provide answers … interested persons both … the firm and … the firm. The balance sheet and the income statement are two basic statements used … making many decisions concerning a firm’s operations. … analyzing these two statements, a firm can answer many questions … its profitability, short term financial position, activity levels, and long-term debt obligations. Business firms may hire their own private accountants, or they may use the services … a public accounting firm. (of, for (2), by (2), about (2), in, to, within, outside)
Exercises in Comprehension
Ex.1. Answer the following questions: 1. What does accounting offer a qualified person? 2. Why is accounting a basic and vital element in every modern business? 3. What is the field of accounting divided into? 4. What is a certified public accountant? What is the British equivalent? 5. What do CPAs receive fees for? 6. Who can CPAs perform work for? 7. What are private accountants responsible for? Are they paid a fee? 8. What areas does a government accountant deal with? 9. Why do salaried accounting jobs offer security? 10. Do CPAs have any advantages over other accountants?
Ex.2. Sum up what you remember about: s CPAs; s private accountants; s government accountants.
Grammar Revision
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