Unit 12 — International Accounting (US vs UK)

This unit deals with international banking and common methods to make it safer and more secure. The laws are always changing. Can you keep up?

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Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Accurate Allowance for uncollectable accounts Amend Apply Assist Comptroller Current Declare Dividend Escrow Exemption Extraordinary item Income statement International financial reporting standards Inventory Oversee Record Regulation Split Supersede
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Reading Activity: International accounting

Improve your reading comprehension and vocabulary in context with our interactive reader.

Mary Pross: It's great to have you on the team John. I'm sure you will enjoy working with us. Have you settled in to the new house yet? John Sinclair: Thank you, yes we finished unpacking last night. Mary: Good. Now, I know that you worked in our London office for many years, but you will find a few things different here in the Boston office. John: Yes, I…
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Reading Comprehension Quiz

Test your understanding of the reading material with a quick comprehension quiz.

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Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

Multiple Choice activity
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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Speaking Practice Activity

Master your pronunciation by recording yourself and receiving feedback from native-speaking teachers.

US
UK
The new directive supersedes the old so we need to change the way we operate.
US
UK
As both salesmen achieved the same result, the bonus will be split between them.
US
UK
All companies must follow the regulations of the country in which they do business.
... and more sentences to practice.
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Writing Practice Activity

Improve your formal and informal writing skills with guided essay questions and professional correction.

  • How are accounting practices in your country different / similar to US GAAP?
  • Could practices be standardized across the world? What problems might this cause?
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Writing Activity
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