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Published byTodd Neal Modified over 9 years ago
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Introduction to ICFE International Certificate in Financial English
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EXAM (testing skills) Reading Listening Speaking Writing
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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
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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
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Statements - true, accurate - cover a period - liable for - Compile – make a (report) from facts
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2. THE BALANCE SHEET - Annual accounts - The strength of the business - To secure a bank loan
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3. ACCOUNTING STANDARDS International Accounting Standards A law describing the way in which amounts must be recorded
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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
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