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Introduction to ICFE

Introduction to ICFE. International Certificate in Financial English. EXAM (testing skills). Reading Listening Speaking Writing. READING. identify the purpose skim the text (general impression) predict the content scan the text for specific information

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Introduction to ICFE

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  1. Introduction to ICFE International Certificate in Financial English

  2. EXAM(testing skills) • Reading • Listening • Speaking • Writing

  3. 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

  4. 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

  5. Statements • true, accurate • cover a period • liable for • Compile – make a (report) from facts

  6. 2. THE BALANCE SHEET • Annual accounts • The strength of the business • To secure a bank loan

  7. 3. ACCOUNTING STANDARDS International Accounting Standards A law describing the way in which amounts must be recorded

  8. 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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