IX. Are the following sentences true or false according to the text “Accounting”?

1.Most businesses prepare regularly the two types of records.

2.One major tool for the analysis of accounting records is ratio analysis.

3.In finance we operate with two main categories of ratios.

4.The Return on Investment Ratio is not used as a measure of a firm’s operating

efficiency.

5.These statements show how money was received and spent by the company.

X. Make your own dialogue, using some words and phrases from the text:

financial picture

very important data

two types of records

ratio analysis

deals with profitability

assets and liabilities

XI. Sum up what the text says about «Accounting».

Unit IX

Accounting and auditing