🇬🇧 ACCOUNTING | Financial statements (reading + practice exercises)

Financial statements

In an accounting environment, financial statements are crucial for assessing a company's financial health. Key subtopics include the bookkeeping cycle for recording transactions, GAAP and ISAB standards for financial reporting, and income statements that summarize revenues and expenses. These components ensure accurate and reliable financial reporting.

Here you can find professional English in use for accounting.

📄 10-page PDF file with reading and practical exercises:

Reading

A. Bookkeeping cycle
B. GAAP and IASB
C. Income statements

Exercises

Exercise 1
Exercise 2
Exercise 3

Glossary

Notes