Les 4: Bookkeeping Cycle

• Engels
• MBO
• Studiejaar 2

BS ENGLISH EXAM

Accounting

4) Bookkeeping Cycle

T. Beukers

[e-mail]

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BS ENGLISH EXAM

Accounting

4) Bookkeeping Cycle

T. Beukers

[e-mail]

GO TO LESSONUP.COM IN YOUR BROWSER

CAMERAS ON | MICROPHONE OFF

Vocabulary I remember from last week..

WHAT ARE YOU GOING TO LEARN?

- Learning about the bookkeeping cycle

- Confirming information

DISCUSS

- What are the basic tasks in bookkeeping?

- What are some of the documents they use?

WHAT DOCUMENTS/BASIC BOOKKEEPING TASKS CAN YOU THINK OF?

CYCLE

Read the text on the right or in your book

1. How many steps are in the bookkeeping cycle?

2. What are some typical transactions?

3. What is one end-of-period procedure?

What is the passage mainly about?

1. End of period procedures
2. Minimizing financial effects
3. Steps in the bookkeeping cycle
4. How to gather source documents

According to the passage, which is NOT a source document?

1. Credit card statement
2. Purchase invoice
3. Accounting software
4. Payroll master files

What is true according to the passage?

1. Every organization follows a different bookkeeping cycle
2. Financial effects are recorded in two different places
3. Adjusted trial balances carry over to the next fiscal year
4. Accounting software creates most source documents

VOCABULARY FROM THE TEXT

• Source documents
• Transactions
• Purchase invoices
• Payroll Master Files
• Time Cards

• Credit card statements
• Accounting software
  
• End-of-period procedures
  
• Adjusted trial balance
  
• Fiscal year

EXERCISE

Translate the following words to Dutch. Use a dictionary, your own knowledge or a online tool. (10 min.)

Use the following word in a sentence
Credit card statements

Use the following word in a sentence
Fiscal year

Use the following word in a sentence
Transactions

Use the following word in a sentence
Purchase invoices

ASSIGNMENT

Reply to the email you have received from your new colleague. Confirm or deny her question, and explain the bookkeeping cycle used at your job/internship or the cycle you think works best. Use around 100-150 words. Hand in your mail via Teams Chat.

SEE YOU NEXT WEEK!