GROUP I Subject: English IV. Teacher: Carla Aro Navarro. STUDENTS: SUSAN DELGADO SALAS. JUDITH GAETE VARGAS. SERGIO PINO DÍAZ. TABLE OF CONTENTS ARTICLE 03 OVER TO YOU 06 GLOSSARY 10 ARTICLE BUSINESS SKILLS GIVE YOU THE EDGE DOES THE ABOVE TEXT RELATE TO THE AUDIT CAREER? Egress Profile: The Auditor Public Accountant of the University of Valparaiso is a professional of economic and administrative sciences, who through a systemic vision of the organization and its environments, acts as minister of public faith in terms of the transparency and reliability of financial information before the different users of it. OVER TO YOU SECTION SECTION: OVER TO YOU Do an Internet search of the accountancy firms mentioned in the article. Which areas of professional training do they provide, and which firm looks the most interesting to work for? Write a short report. ● The companies mentioned are KPMG and PwC, both of which offer services that are linked to the same thing, including: business consulting and advisory, legal and tax advice, and auditing. PriceWaterhouseCoopers, which has a presence in 158 countries with over 100 years of experience in Chile, seems to be more interesting on the basis of its history, positioning and way of working. SECTION: OVER TO YOU Vocabulary Exercise B lists several non-technical aspects of accountancy work. Explain what they might involve and whether you think they make the job more interesting. In order to make the work more enjoyable and interesting, the following aspects can be involved ● Coaching, so that each person who enters the company is educated and prepared to know what they are capable of, related to the way they act and react in certain matters. ● Relationship skills: in order to keep the company as healthy as possible, without differences between peers. ● Evaluation of employees: in order that each one is valued based on their programmed tasks and their final work SECTION: OVER TO YOU Which of the accountancy specialisms mentioned in the article do you think would be the most interesting to work in? Explain your ideas in a short presentation. ● The most interesting area to be able to perform is in terms of business consulting, since you have to have knowledge and mastery to make accurate opinions that help improve the situation of the company as well as give actions to perform. GLOSSARY ENGLISH / SPANISH English Spanish A Accountancy: the profession or work done by accountants in keeping the financial records of organizations and in giving advice to clients on tax and other financial matters. Contabilidad: la profesión o el trabajo realizado por los contadores para mantener los registros financieros de las organizaciones y para asesorar a los clientes sobre impuestos y otros asuntos financieros. Accountancy firm: a group of accountants who have entered into partnership with one another to provide accounting and auditing services for a fee. Empresa de contabilidad: un grupo de contadores que se han asociado para brindar servicios de contabilidad y auditoría por una tarifa English Spanish A Accountant: a professional person whose job it is to keep and check the financial records of an organization, or to advise clients on tax and other financial matters. Contador: una persona profesional cuyo trabajo es mantener y verificar los registros financieros de una organización, o asesorar a los clientes sobre impuestos y otros asuntos financieros.. Association: an organized body of people who have an interest, activity or purpose in common; a society. Asociación: un cuerpo organizado de personas que tienen un interés, actividad o propósito en común; una sociedad. English Auditing: (1) an official examination of a person's or organisation's accounts by an expert, to check that they are true and honest (2) an examination of an organisation's activities or performance. Spanish A Auditoría: (1) un examen oficial de las cuentas de una persona u organización por un experto, para verificar que sean verdaderas y honestas (2) un examen de las actividades o el desempeño de una organización. . English Spanish B Behaviours: the ways that someone or something acts in different situations. Comportamientos: las formas en que alguien o algo actúa en diferentes situaciones. Business adviser : an expert who gives information to someone so that they are able to make a good business decision. Asesor comercial: un experto que brinda información a alguien para que pueda tomar una buena decisión comercial. English Spanish C Chief Executive Officer (CEO): the manager with the most authority in the normal, everyday management of a company. The job of Chief Executive Officer is sometimes combined with other jobs, such as that of president. Director Ejecutivo (CEO): el gerente con mayor autoridad en la gestión diaria y normal de una empresa. El trabajo de Director Ejecutivo a veces se combina con otros trabajos, como el de presidente. Competitive advantage: an advantage that makes a company more able to succeed in competing with others. Ventaja competitiva: una ventaja que hace que una empresa tenga más capacidad para competir con otros. . English Spanish D Developing nation: a country that is changing its economy from one based mainly on farming to one based on industry. Nación en desarrollo: un país que está cambiando su economía de una basada principalmente en la agricultura a una basada en la industria. Domestic market: the country you live in or where a company is based, seen as a place where goods or services can be sold. Mercado interno: el país en el que vive o donde se encuentra una empresa, visto como un lugar donde se pueden vender bienes o servicios. English Emerging market: a market, especially in Asia, Africa and South America, that is just starting to have influence or power in trade. Ethics: moral rules or principles of behaviour that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their customers. Spanish E Mercado emergente: un mercado, especialmente en Asia, África y América del Sur, que recién comienza a tener influencia o poder en el comercio. Ética: reglas morales o principios de comportamiento que deben guiar a los miembros de una profesión u organización y hacer que se traten de manera honesta y justa entre ellos y con sus clientes. English Spanish F Forensic accounting: when a company's financial records are officially checked in order to find out if there has been any illegal activity. Contabilidad forense: cuando los registros financieros de una empresa se verifican oficialmente para determinar si ha habido alguna actividad ilegal. Future: an agreement to buy or sell something such as a particular product or raw material, currency or security on a fixed date in the future at a fixed price. Futuro: un acuerdo para comprar o vender algo como un producto particular o materia prima, moneda o seguridad en una fecha fija en el futuro a un precio fijo. English Spanish I Insolvency: a situation in which a person or a company does not have enough money or assets to pay their debts. Insolvencia: una situación en la que una persona o una empresa no tiene suficiente dinero o activos para pagar sus deudas. International Accounting Standards (lAS): standards for the preparation and presentation of financial statements created by the International Accounting Standards Committee (IASC). The International Accounting Standards Board (lASB) took over the designing of these in 2001. Normas Internacionales de Contabilidad (lAS): normas para la preparación y presentación de estados financieros creados por el Comité de Normas Internacionales de Contabilidad (IASC). El Consejo de Normas Internacionales de Contabilidad (lASB) se hizo cargo del diseño de estos en 2001. English Spanish I Investment: (1) when money is put into a business, or the money which is put into the business, with the aim of making a profit. (2) something you buy, such as shares, bonds or property, in order to make a profit. Inversión: (1) cuando el dinero se pone en un negocio, o el dinero que se pone en el negocio, con el objetivo de obtener ganancias. (2) algo que compra, como acciones, bonos o propiedades, para obtener ganancias. Inward investment: investment in an area, country, etc. from another area or country. Inversión interna: inversión en un área, país, etc. de otra área o país English Liability: (1) a balance·sheet term to describe an amount of money owed by a business to a supplier or lender or the government (2) a legal obligation to settle a debt or pay compensation for causing damage to another person or company Spanish L Responsabilidad: (1) un término del balance general para describir la cantidad de dinero que una empresa debe a un proveedor o prestamista o al gobierno (2) una obligación legal de saldar una deuda o pagar una compensación por causar daño a otra persona o empresa. English Market: (1) Public place with shops or stalls where it is traded, especially with food and other basic necessities. (2) Theoretical place where the supply and demand for products and services are found and the prices are determined. Spanish M Mercado: (1) Lugar público con tiendas o puestos de venta donde se comercia, en especial con alimentos y otros productos de primera necesidad. (2) Lugar teórico donde se encuentra la oferta y la demanda de productos y servicios y se determinan los precios. English Spanish P Private sector: the industries and services that are not owned by the government. Sector privado: las industrias y servicios que no son propiedad del gobierno. Public sector: the companies, organizations and activities in an economy that are owned by the government. Sector público: las empresas, organizaciones y actividades en una economía que son propiedad del gobierno. English Spanish S Skill: an ability to do something well, especially because you have learned and practiced it. Habilidad: capacidad de hacer algo bien, especialmente porque lo has aprendido y practicado. Strategy: a plan or series of plans for achieving an aim, especially success in business or the best way for an organization to develop in the future. Estrategia: un plan o una serie de planes para lograr un objetivo, especialmente el éxito en los negocios o la mejor manera para que una organización se desarrolle en el futuro. English Spanish V Values: the principles and practices that a business or organization thinks are important and which it tries to follow. Valores: los principios y prácticas que una empresa u organización considera importantes y que intenta seguir. Voluntary sector: the part of society that does work for no pay. Sector voluntario: la parte de la sociedad que trabaja sin paga. English Workforce: all the people who work in a particular country, industry or factory. Spanish W Fuerza laboral: todas las personas que trabajan en un país, industria o fábrica en particular. SYNTHESIS
