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WorksheetsEnglish for Accounting
Total questions: 20
Worksheet time: 7mins
a document which summarizes the assets, liabilities and equity of a business entity at a given time
trial balance
balance sheet
income statement
the American and Australian equivalent of a Chartered accountant
CA
CPA
CEO
the most senior financial manager, responsible for overseeing the financial activities of the entire company
CEO
CIA
CFO
the state where income tax is paid twice (often to two different governments) on one income
Income Tax
Foreign Tax
double Taxation
reasonable actions taken by a person to satisfy a law or regulation
due diligence
tax diligence
Merger
the money used in another country.
local currency
foreign currency
change currency
a business entity where the debts of the company are separate from the debts of the share-holder
Limited Liability
Limited Liability Company
Partnership
a business which is owned and run by one person
Sole-trader
Partnership
Private Company
The corporations whose stock is traded on a stock exchange
Public Company
Private Company
Single Company
The ownership or equity of a corporation divided into shares
Stock
stock exchange
stock market
a statement of all debits and credits in the double-entry account, with any discrepancies shown
balance sheet
trial balance
income statement
more than, greater than
in excess of
discrepancies
added
The primary job of an accounts receivable specialist is to process and track all outstanding company bills
Accounting Specialist
Account Payable Specialist
Account Receivable Specialist
A ____________'s job is to record all transactions, post debits and credits into a general ledger, and produce financial statements and other reports for the management of the company
bookkeeping
bookkeeper
reporting
accounting clerks who manage all outgoing payments for a company
Accounts receivable specialist
Accounts payable specialist
payroll clerks specialist
Job duties for _________ typically include general bookkeeping, maintaining financial reports, and preparing and analysing budget
bookkeeper
CEO
staff accountants
__________ prepare state and federal income tax documents for a client.
Accountant
Tax Accountant
Tax Advice
_______ record and analyze financial records for companies or individuals.
Accountants
bookkeeper
CFO
___________ are responsible for the financial health of a company, group, or organisation
Finance managers
Accountant Managers
Tax Managers
high-level financial officers at companies
CFO
CEO
Controller
