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Question		Answer
cost accounting start learning		Working out the unit costs of products, including materials, labour and all other expenses
tax accounting start learning		Calculating an individual’s or a company’s liability for tax
Bookkeeping start learning		Writing down the details of transactions (debits and credits)
managerial accounting start learning		Preparing budgets and other financial reports necessary for management
auditing start learning		Inspection and evaluation of accounts by a second set of accountants
creative accounting’ (profit smoothing, window dressing, cooking the books) start learning		Using all available procedures and tricks to disguise the true financial position of a company
ekspert podatkowy start learning		Enrolled Agent – certified (by the IRS) expert in taxation
IRS start learning		Inland Revenue Service=US tax office
prowadzić dokumentację, która dokładnie odzwierciedla życie finansowe start learning		To keep records that accurately reflect one’s financial life
Złożyć zeznanie podatkowe start learning		To file a tax return
Księgowość to prowadzenie rzetelnych rachunków. start learning		Bookkeeping is keeping good accounts
Księgowość to sposób na śledzenie przychodów i wydatków start learning		Bookkeeping is a way of keeping track of the income and expenses

Accaunting and financial statements