English for Accounting: Essential skills

Introduction to Accountancy

• Definition and types of accountancy
• Role of accountants in business and finance
• Skills and qualities needed for a successful career in accountancy
• Job opportunities in the field of accountancy

Accounting Principles

• Overview of GAAP (Generally Accepted Accounting Principles)
• The role of ethics in accountancy
• Understanding the concept of double-entry bookkeeping
• Importance of financial reporting and disclosure

Accounting Cycle and Bookkeeping Tools

• Understanding the accounting cycle: from data collection to financial statements
• Introduction to bookkeeping tools such as journals, ledgers, and worksheets

Depreciation

• Definition and purpose of depreciation
• Types of depreciation methods
• Calculating and recording depreciation in financial statements

Cost Accounting

• Definition and purpose of cost accounting
• Types of costs: direct and indirect, fixed and variable
• Cost-volume-profit analysis

TEST

Balance Sheet

• Definition and purpose of a balance sheet
• Components of a balance sheet: assets, liabilities, and equity
• Analyzing and interpreting a balance sheet

Intangible Assets

• Definition and types of intangible assets
• Valuation of intangible assets
• Accounting for intangible assets in financial statements

Cash Flow Statement

• Definition and purpose of a cash flow statement
• Components of a cash flow statement: operating, investing, and financing activities
• Analyzing and interpreting a cash flow statement

Profit and Loss Statement

• Definition and purpose of a profit and loss statement
• Components of a profit and loss statement: revenues, expenses, and net income
• Analyzing and interpreting a profit and loss statement

Accounting Liquidity

• Definition and importance of accounting liquidity
• Measures of accounting liquidity: current ratio, quick ratio, and cash ratio
• Analyzing and improving liquidity in a business

EXAM