Business English: Accountancy

6th May 2020

Jan Sanders van Hemessen (Hemessen c. 1504-1556 Antwerp) | Double ...
Jan sanders van Hemessen 1504 – 1556, Antwerp
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A 1950s office with adding machines, filing cabinets and typewriters
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Property Management Accounting & Reporting Software - AppFolio

Cách giữ chân nhân tài của Big 4 - unitrain.edu.vn

New vocabulary

Look up any words you don’t know.

loophole

firm

audit

involvement

stock

None of the Big Four firms is a single firm; rather, they are professional services networks. The Big Four are the four largest professional services networks in the world, offering audittaxation, corporate finance and legal services. They handle the vast majority of audits for publicly traded companies as well as many private companies. They used to be the Big Five until the fall of Arthur Andersen in 2002, following its involvement in the Enron scandal.

Enron used loopholes and poor financial accounting to hide billions of dollars of debt. The company’s stock which rose to over $90 a share in mid 2000, fell to less than $1 by November 2001.

Enron - The Biggest Fraud in History - YouTube

Accountancy words / expressions

annual accounts // I am working on our annual accounts

asset // Make a list of all our assets

budget // We need to increase our budget

business expenses // We must reduce our business expenses

cash flow // Keep an eye on the cash flow

New idioms / collocations

Change of plan = to stop what you are doing and start something new

to handle something = to take care of something

to get hold of someone to speak to or meet someone

Hell breaks loose = will be a lot of trouble

to be into something = to like something very much

more or less = not 100% but almost.

I beg to differ = polite way to disagree

Dialogue Practice:

Two friends are chatting about their work day:

Two asian businesswomen talking during coffee break in modern ...

KIM: Hello, how’s your day been ?

Tina: Oh, so-so. And you ? Did you finish off the reports ?

KIM: Yes, more or less. 

Tina: You better make sure they’re finished. You know what the Director’s like.

KIM: I know. If things aren’t done, all hell breaks loose !

Tina: Better keep on his good side. What else do you need to do ?

KIM: File some invoices, send off some emails and I need to get hold of Anna in HR.

Tina: I think she’s off sick today. 

KIM: That’s a pity. Did you finish the wages ?

Tina: Yes, piece of cake ! Now I’m going through all the bank statements for the last quarter.

KIM: Not cooking the books I hope. Are we still going out tonight ?

Tina: Oh, sorry, I can’t know. Something’s come up.

KIM: What ? I thought you wanted to see the film. Johnny Depp’s in it.

Tina: I know, but I have to work late. Why don’t you ask the Director ? He’s really into cinema.

KIM: I don’t think so !

Tina: Why not ? He’s such a charming man.

KIM: Well, I beg to differ. He’s an old windbag and he drinks like a fish !

Portrait beautiful indian business woman smiling happy ...

New expressions:

off sick = not at work because of illness

old windbag = someone who speaks and speaks and speaks !

drinks like a fish = drinks a LOT of alcohol

cooking the books = making false entries in the accounting

Business English: What’s on the agenda ?

5th May 2020

Job interviews, and vocabulary for business meetings

AirAsia India Career For Freshers In 2020 [Apply Now Online]

Writing exercise

A candidate is writing to inquire about a vacancy at your factory:

Dear Owner,

Please allow me to introduce myself. My name is Nguyen Trung Hieu and I am 22 with a business degree from TDT University in HCM City.

I wish to start my business career and your company has a very good reputation.

Do you have a position for me within your organisation ?

I have worked as bookkeeper for my uncle’s business in Nha Trang Province and also I worked at Coffee House when I was a student in order to make some extra money.

Please write back if you can help me

Yours respectfully

Nguyen Trang Hieu

How would you reply to this request ?

What were the positive and negative attributes of this letter ?

Now … your turn. You want to apply for the job with Air Asia in India (don’t forget, flight attendants can be both men and women, although the advert doesn’t emphasis this fact).

How would you write the letter ?

What facts are important ? What skills do you think you need ? What type of personality is best suited to this service-orientated job ?

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Meeting language

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Here is a transcript of a short business meeting. Look at all the non-standard English, the phrasal verbs, idioms and expressions that make up so much of natural English.

Read the text and role play, focusing on intonation and stress.

Right … I think we should start now. Thanks. 

  1. OK, so, is everybody here? Who are we waiting for? Hmmm … well, I think we’ll have to make a start without them. We’ve got a lot to get through this afternoon. 
  2. Right, well, as you know, the purpose of today’s meeting is to see where we are with the marketing plan, and to work out what we still need to do before the launch, which is now just six weeks away. 
  3. By the end of the meeting, we need to have a list of firm action points for the next month. Hopefully we’ll then need only one more meeting next month to tie up any remaining loose ends.
  4. Did everyone get a copy of the agenda I sent round? OK, good. 
  5. As I say, we’ve got a lot to get through, so please let’s stick to the agenda. I’ve set aside two hours for this meeting, and we really can’t afford to run over. Ideally, we can cover everything in an hour and a half. Does that sound reasonable? 
  6. Ah, Helena, come and take a seat. We started without you. 
  7. So perhaps we can get the ball rolling by going through the list of action points from the last meeting. 
  8. Bill, you were going to look into the costs of the various options that came up last time. Could you tell us what you found out?

Now match the nine steps in the meeting introduction (1–9) to the descriptions.

  1. Stating the desired outcome. 
  2. Introducing the first point on the agenda. 
  3. Getting people’s attention, interrupting small talk 
  4. Handing over to the first speaker. 
  5. Dealing with non-attendees. 
  6. Dealing with a late arrival. 
  7. Explaining time limits and procedures. 
  8. Stating the purpose 
  9. Checking people have seen the agenda. 

Answers at end of blog

African Companies Crucial to Change Africa's Economy | Umaizi
A successful conclusion to a meeting

Answers:

Right … I think we should start now. Thanks.  = 3) Getting people’s attention

  1. = 5) Dealing with non-attendees
  2. = 8) Stating the purpose
  3. = 1) Stating desired outcome
  4. = 9) Checking agenda
  5. = 7) Time limits
  6. = 6) Late arrival
  7. = 2) First point
  8. = 4) Handing over to first speaker

Adult Speaking Class, Level 2: Travel talk

5th May 2020

This blog will help intermediate students develop sentence-building skills, based around the theme of travel and how to relate your experiences or wishes.

New adjectives

stunning // playful // family-friendly // authentic // world-class

New expressions

It takes your breathe away //

The ________ is breathtaking //

An unforgettable experience //

No trip to …. would be complete without …

New verbs

create // seem // include // remember // spend // demonstrate

To warm up … use the new vocabulary to express your feelings about the following photos:

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Make complex sentences using these words or phrases

Example: I recently stayed in a world class, seven-star hotel which was an unforgettable experience for example; the chef created such spectacular food.

Now … your turn

Tower Bridge, London
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Adult Speaking Class, Level 2: May Day

5th May 2020

May Day

Compare May Day in the UK and in Viet Nam

How do you ‘read’ these pictures ?

In the UK, it a pagan celebration. In other countries, it is more political.

[pagan = a religion where many gods may be worshipped and dating back before Christianity]

History

The first mention of a May Day celebration dates back to the Roman times, and a celebration of the goddess Flora.

Flora,Roman Goddess of flowers. OK , so she is not a real person but Flora certainly had an influence in early Greek and Roman societies and later in the art world. But alr. Andrea Mantegna, Greek And Roman Mythology, Flora Flowers, Moon Garden, Sacred Feminine, Luca, Beltane, Italian Painters, Gods And Goddesses

This would be a festival over several days, and included theatre performances.

May Day continued to be associated with fertility and the worship of mythological or pagan gods. The celebrations would often involve dancing around a maypole, and crowning a May Day Queen.

Dental products and supplies as a wholesale worldwide

A modern may pole, this one from Sweden, where it is now used to celebrate Midsummer, not the traditional 1st May.

Britain has a long tradition of May Day celebrations, from at least the C15th. However, many church leaders objected to the pagan origins (worshipping old gods, not the one Christian God) and celebrations were banned in many places.

Today, May Day celebrations are not so popular, and in cities, one is more likely to see political demonstrations, than prancing on the village green

In 1889, 1st May was selected as the International workers’ Day

What do you think about these photos ? Political, or cultural ?

How about these photos from Nigeria, UK and Hawaii ?

May Day: APC, PDP, others felicitate with Nigerian workers
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leis

In Hawaii, May Day is a little different. The flower necklaces, or leis, are given to people as a sign of friendship, celebrating the culture of Hawaii or the ‘aloha spirit.’

The festival is celebrating in school and communities, with many free concerts, dancing, guest speakers and food.

However, it is not all peace and love:

Clashes as May Day protesters march in cities across Europe ...

Protesters clash with police in Berlin, Germany.

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During the time of the USSR, May Day parades were held, with seemingly endless displays of tanks, soldiers, missiles and weapons of all description.

In Hong Kong in 2019, protesters used May Day to demonstrate about bad working conditions.

In Literature, we have the American writer Nathaniel Hawthorn, ‘The Maypole of Merry Mount’:

Early American Literature: The Maypole of Merry-Mount