- Division: Finance
- Topic: Accounting
- Level: upper-intermediate B2-C1
FINANCIAL STATEMENTS
About the lesson
In this lesson you will:
- study: a text of ca. 990 words
- learn:
- what financial statements can be composed of
- what the balance sheet looks like
- what information the profit & loss account presents
- how the cash flow statement is structured
- what other components of financial statements can be used by companies
- study vocabulary:
- 63 words and expressions useful in talking about financial statements
- e.g.: settlement, accounting equation, shareholders’ equity, statement of financial position, secondary activities, gains and losses, disbursements, operating activities, supplementary retained earnings, redemption of shares, investing activities, vertical format etc.
- practise vocabulary in 5 units composed of 5 tasks each
- complete approx. 315 questions during the whole lesson
- test your knowledge of the vocabulary studied
You might also be interested in other lessons in this section covering similar ground. The whole section is composed of the following:
- BOOKKEEPING
- ACCOUNTING POLICIES, STANDARDS, ASSUMPTIONS
- ACCOUNTING PRINCIPLES AND CONCEPTS
- FINANCIAL STATEMENTS
- BALANCE SHEET - ASSETS
- BALANCE SHEET - LIABILITIES
- THE P&L ACCOUNT, ACCRUALS, DEFERRALS
- DEPRECIATION
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Details:
Division: Finance
Topic: Accounting
Level: upper-intermediate B2-C1
Duration: ca. 110 minutes
