THE BOTTOM LINE BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE 31. THE BOTTOM LINE

 

A Accounts Hi, I’m Fiona and I’m an accountant. I work in Edinburgh for one of the big accountancy firms. We look at the financial records or accounts of a lot of companies. We work with the accountants of those companies, and the people who work under them: the bookkeepers. I like my profession: accountancy. B Results ‘A film reports its performance in a particular period in its results. Results for a particular year are shown in the company’s annual report. This contains, among other things, a profit and loss account. In theory, if a company makes more money than it spends, it makes a profit. If not, it makes a loss. But it’s possible for a company to show a profit for a particular period because of the way it presents its activities under the accounting standards or accounting rules  of one country, and loss under the rules of another. My firm operates in many countries and we are very aware of this! EXERCISES 31.1 Look at A and B opposite to find the answers to the crossword. Across: 1. and 2 down What the British call the income statement. (6,3,4,7) 5. What accounts have to follow. (8) 6. Not occurring regularly. (11) 7. When companies announce results they ________ them. (6) Down: 2. See 1 across 3. See 12 down 4. Before tax is taken away. (3.3) 8. You find this in an annual report. (6) 9. Not a profit. (4)

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