ENGLISH FOR ACCOUNTING : ASSET

The assets of an European company are usually divided into two major categories:
1. Fixed assets category includes intangible assets, tangible assets, and financial assets.

Fixed assets are long-term assets acquired for use in business operations. Fixed Assets accounts are also known as Capital Assets, Long-Term Assets, Long-Lived Assets, or Plant and Equipment. The value of these assets – with the exception of land – is depreciated over their expected lives. Past depreciation is recorded in the Accumulated Depreciation accounts.

2. Current assets category includes stocks, debtors, investments, and cash at bank and in hand.

Current assets are those assets of a company that are reasonably expected to be realized in cash, sold or consumed during one year or during the normal operating cycle of the business.

But in the United States, the assets of a company are usually divided into five categories:
1. current assets, are those assets of a company that are reasonably expected to be realized in cash, sold or consumed during one year or during the normal operating cycle of the business.

2. investments category of a US Corporation´s Balance Sheet includes assets that are not used in the normal operation of a business and that management does not plan to convert to cash within the next accounting period

3. property, plant, and equipment category includes tangible, long-term assets acquired for use in business operations

4. intangible assets are those assets which have no material substance, as compared to tangible or physical assets such as buildings and land.

5. other assets are listed on the balance sheet in decreasing order of their presumed liquidity.

Other Assets is a category some US companies use for miscellaneous assets that are not specified elsewhere on the balance sheet. Other companies group under this heading investments, intangible assets, and all the other assets owned by a company other than current and fixed assets.

HOW TO LEARN ENGLISH CONVERSATION

The art of conversation is a skill shared by most successful people. People who always seem to rise to the top of their professions and are well respected by others who share the ability to converse with anybody in every situation.

People who seem to speak effortlessly and efficiently with others are generally well liked and highly successful.

If you need to improve your conversational skills, here are a few tips that can help you enhance your conversational skills and boost your image. Good conversation promotes an image of self-confidence, intelligence, and wittiness.

1. Always say what you think, not what you think others want you to say. Especially in a professional setting, learning to express your views and ideas in a positive, non-threatening manner will invite reactions and responses.

Effective leaders always say what they are thinking and express their ideas freely. Having the courage to speak your mind as well as listening openly to the views and ideas of others is a sure way to earn the respect and admiration of all those you encounter.

2. Listen carefully to what others are saying. People often interpret things said by others in a way that clouds their ability to hear what people are intending to say.

By giving your full attention to the speaker, you can hear what they intend for you to hear instead of what you want to hear. The art of conversation includes the ability to listen to others as well as the ability to speak effectively.

3. Always assume that a speaker is saying exactly what they mean to say. Even if it seems unclear, try to find meaning and coherence to the words they are saying and give them the respect of hearing what they want you to hear.

In any conversation, the ability to give respect is just as important as receiving it. The art of conversation is a give and take between parties, not one speaker and one listener.

4. Any conversation can be broken down into three parts...

The first part is small talk. Small talk is dictated by social rules and includes polite greetings, inquiries about the well-being of others, etc.

Stage two is the end of the small talk and moving on to the purpose of the conversation such as business, the sharing of opinions and personal views.

Without the ability to express yourself efficiently, the conversation can easily slip back into small talk, lessening the chances of accomplishing the initial goal of the conversation.

The third part of a conversation is where the various ideas and views expressed can be merged into a satisfying end for all parties involved in the conversation. The art of conversation is a learned skill that is common among successful, energetic people. If you are unable to effectively express yourself in any situation, you will likely find that you do not attract the attention and command the respect that is bestowed upon some others.

People who talk freely and easily with others usually find more professional and personal fulfillment than those who are introverted and silent.

If you want to improve your professional and social standing, learn to communicate efficiently and in a positive manner.