Introduction to ICFE International Certificate in Financial English.

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Presentation transcript:

Introduction to ICFE International Certificate in Financial English

EXAM (testing skills) Reading Listening Speaking Writing

READING  identify the purpose  skim the text (general impression)  predict the content  scan the text for specific information  understand technical vocabulary  select relevant language/information  follow linking words and signposts  highlight key points

1. ACCURACY OF ACCOUNTS  Meet legal and regulatory obligations  Reflect the true nature of the transactions  Comply with financial accounting principles/ policies  Must not create inaccurate/false or misleading documents  Destruction of documents is prohibited

Statements - true, accurate - cover a period - liable for - Compile – make a (report) from facts

2. THE BALANCE SHEET - Annual accounts - The strength of the business - To secure a bank loan

3. ACCOUNTING STANDARDS International Accounting Standards A law describing the way in which amounts must be recorded

4. THE IMAGE OF ACCOUNTANTS REQUIRED SKILLS/CHARACTERISTICS Strong accounting/auditing/investigative/analytical/research skills to assist in legal matters (bright) Remarkable curiosity Attention to detail Persistence Creative thinking Being proactive Discretion/confidence Good organisation Sound professional judgement Open-mindedness to consider all alternatives Ability to see the big picture Careful listener Effective communicator