쉐도잉 연습: What is Accounting ? An Introduction to Accounting. - 영상으로 영어 말하기 배우기

연습 모드 선택

각 모드는 전체 화면 연습실로 열립니다.

258 문장

문장이 너무 짧거나 길면 Edit를 눌러 조정하세요.

Hello everyone, Warren Buffett once said, accounting is the language of business.

But what is accounting?

This is what we would learn in this session.

What is accounting?

And why is it important to start by defining accounting?

Because eventually, as we add more concepts, theories about accounting, it's very important to understand the big picture,

which is what is accounting?

And in this session, we will explain a little bit more why accounting is considered the language of business.

Also in this session, we will discuss the users of accounting information.

We're going to break them into two major groups, external users and internal users.

And we will discuss the role and the uses of each group subject.

And we're going to focus, I'm going to tell you right now, about two specific groups of external groups investors and creditors

and you are going to see why

and we're gonna connect this concept to accounting as the language

of business stay motivated in this course let's go ahead

and get started before we proceed any further I have a

public announcement about my company Farhat lectures calm our financial accounting course is best for online students

and students who are struggling in their financial accounting courses.

We cover all the essentials from debits and credits, adjusting entries, closing entries, financial statements, and all balance sheet accounts.

Our comprehensive course include lectures, multiple choice, true -false, as well as practical exercises.

Start your free trial today to help you pass your financial accounting course.

Your success starts here. So what is accounting?

Well, accounting is a system.

That system could be a manual system or it could be a computerized system for information and measurement.

Simply put, accounting is a system that keeps track of certain information by measuring their activities.

When we say manual, it means we can keep track of this information with a pencil

and a piece of paper and physical books.

Now, obviously these days, no one keeps track of their books, of their accounting information manually.

You might have small businesses, mom and pop, that's possible.

But these days, most accounting systems are computerized.

You could have a software like QuickBooks.

You could have what's called enterprise resource management system.

You could have large software.

You could have small software.

You could keep track of things on an Excel sheet, that's considered computerized.

That system does three things.

The accounting system does three things.

It identifies, record, and communicate business activities,

the company's business activities to certain group of users.

So the purpose of accounting is to do what?

Whether you're doing accounting manually or on a computer system, computerized, we're going to assume it's computerized.

I just wanted to tell you that in the old days, we keep track of everything manually.

And this system looks at transaction, identifies the transaction, record the transaction, and communicate this transaction.

And in the process of communication, we can analyze and interpret the activities of the business to a specific group of users.

So the first thing I'm going to do, I'm going to illustrate each step in the accounting system separately, identifies, record, and communicate, starting with identification.

Identification involves recognizing economic event that is relevant to a business.

What does that mean?

It means when you have a business, you need to know what transaction and events that should be recorded.

Usually, which transaction and event are recorded?

Transaction and event are of financial nature where there's an exchange, some sort of an exchange.

Think of a bakery.

Think of a business of a bakery.

That's the organization.

That's the business entity.

What would the bakery do?

Well, the bakery will buy ingredient flour, sugar, eggs to make goods.

They will sell baked goods.

That's a transaction.

They will make payments to employees.

That's a transaction.

They will pay their utility bill, their water bill.

They will purchase a new oven, a new piece of equipment.

All these are what?

All these are transactions.

And the first thing we need to do is identify.

Okay, is this a transaction that is relevant to the business?

If the answer is yes, we identified it.

What do we need to do once we identify a transaction?

We need to record this transaction.

This is the second step.

Recording involves keeping a systematic and a chronological log of the identified transaction.

So when you buy ingredient, when you buy ingredient, you log it in.

You record this transaction chronologically, usually by date.

Now, this is done through either manually, if you're using a manual system, you'll manually, or automated.

So you could record the transaction automatically.

A case in point scanners in supermarkets.

When you go to a supermarket or to a shop and they scan your item when you are ready to buy it, that's part of the recording.

It identifies that the company made a sale and it recorded the transaction.

For example, in the example of a bakery, the bakery, what they would do is they will need to buy ingredient.

So let's assume they purchase $500 worth of ingredient.

This is a transaction.

We need to record this transaction.

This transaction will increase inventory or supplies or ingredient by $500 and will decrease cash, assuming we pay cash $500 dollars.

Now when the bakery turns around and sells 1 ,200 worth of baked goods, what's going to happen?

They will increase their cash by 1 ,200 and they will increase their revenue by 1 ,200.

Now don't worry about the increases, decreases.

Just for now, understand that the accounting system records these transactions.

They record them systematically and chronologically.

Systematically means there's a system that you will keep recording the transaction.

Now, some transactions might have to be inputted manually, but most transactions are recorded electronically automatically.

Now, after we identify records, the accounting information system, and this is the most important part, the end product, is communicate this information.

Communication involves preparing accounting reports such as financial statements

and specifically for our purposes for this course we would learn about the income statement where we would show revenues minus expenses.

We would look at the balance sheet where we will show assets equal to liabilities plus equity.

We would also take a look at retained earnings which is beginning retained earnings plus net income minus dividend.

Don't worry about all of those we're going to have a whole session explaining the financial statement.

But in the financial statements, we communicate.

We make a statement about the business, and we'll share the statement with users, sharing this information with stakeholders,

people who are, who wants this information, like the owners of the business, the managers of the business, investors, creditors.

100

We're going to talk about the users shortly.

101

So at the end of each month, the bakery prepares its financial statements.

102

For example, to make this example simple, this bakery sold 1 ,200 worth of goods and the expenses were $500.

103

We would know that this bakery made a profit of $700.

104

So this is the part of the communication.

105

Now, this is basically a semi -income statement.

106

There's a balance sheet.

107

We'll look at the financial statements later.

108

But the point is you would identify the transaction you would

109

record the transaction now during the recording you keep sales separately you keep expenses separately

110

so you can

111

so you can prepare the financial statements then you communicate this

112

information now from the communication part investors creditors owners they can

113

analyze interpret the information now why is accountant important why is

114

accounting important why do we learn accounting accounting is the language of business what does that mean this is an understatement.

115

I mean what does that mean?

116

It's an important statement.

117

I think we should have even a more important term than the language of business.

118

Think if you want to learn, if you want to go to France and live there

119

or go as a tourist or you want to communicate with French people.

120

You need to understand their language.

121

That's the language, the French language.

122

To communicate business information with other people you need to understand accounting because accounting is the language of business.

123

When we use the term net income, net income is a well -known term.

124

Any business owner, any investor, there's one definition of it.

125

This is the language of business.

126

When I say assets, when I say property, plant, and equipment, those are terms.

127

Accounting is referred to as the language of business because it conveys data that helps in making informed decision.

128

users of accounting information falls into two categories external users

129

and internal users but before we proceed into external users

130

and internal users I want to explain the importance of this language

131

so let me explain the importance of accounting let's assume let's

132

not assume anything we are all familiar with a company called

133

Microsoft MSFT Microsoft most likely you are using their product there's a good chance you are using one of their product MSFT.

134

Now, Microsoft was founded by Bill Gates.

135

So Bill Gates had a great idea to start a software company.

136

The best idea ever.

137

That's great.

138

Now, Bill Gates, he can produce, maybe he can write.

139

maybe it's going to take him a year or two to write the software.

140

Then it's going to take him another two years to produce and sell and market, because he's by himself.

141

So it's going to take him four years to do so.

142

Let's assume that's the case.

143

Or Bill Gates go to investors and ask for, I don't know, $5 million,

144

where he can hire other programmers, hire people to produce the software quickly, market the software up and running and expand and make this company worth $3 trillion.

145

Now, when Bill Gates talks to investors, to people who are with the money, so you have people with idea.

146

So you have ideas here, people with ideas.

147

It could be Bill Gates, could be you and I, could be anyone.

148

And we have people with money.

149

The people with ideas, they need to communicate with the people with money.

150

The people with money we're going to call for short investors.

151

Now, how do they communicate with each other?

152

They communicate with each other through the language of business, through accounting.

153

So through accounting, Bill Gates can present his numbers.

154

These are my profit, my balance sheet, my retained earnings, my projection for the future.

155

This is how much money you can make if you invest with me based on these numbers.

156

And these numbers, Bill Gates understand them and the investors understand them.

157

Why?

158

Because they're using the same language.

159

Now, let's go back to users of accounting information.

160

So who would use accounting information?

161

We have two group of users.

162

We have external users and we have internal users.

163

Now when we say external, external in terms of the company, external to the company.

164

Internal users, it means people who are inside the company.

165

So we have external users, internal users.

166

We're going to emphasize these two groups later on shortly.

167

But you have to understand, when we are dealing with external users, we call this accounting financial accounting.

168

It's a term called financial accounting, and this course is a financial accounting course.

169

When we are dealing with internal users, we use the term managerial accounting.

170

It caters to the needs of internal users.

171

Let's talk about each group separately and explain the role.

172

Internal users of accounting are individual within the organization as I told you, internal relative to the company.

173

Why do they need this information?

174

Well, they need this information to make decisions related to what?

175

Operating the business, managing the business.

176

Who are these people?

177

Management, right?

178

These users need detailed, timely, and often specific information to perform the role effectively.

179

I cannot run the company if I don't know how much inventory I have, if I don't know what's in my pipeline, if I don't know how much ingredient I need to produce the product.

180

So these groups are management, all level of management, lower level, mid level, higher level, marketing managers,

181

production managers, they all need information, accounting information.

182

Employees, they need accounting information, total sales, so they know how much to produce.

183

Internal auditors, the company might have auditors that make sure everything is running smoothly, they need accounting information.

184

Board of directors, people who are in charge, etc. So those are called internal users.

185

Now, obviously, these are internal to the company.

186

Obviously, external users are what?

187

External to the company.

188

External users are individuals or entities outside the organization who uses this information,

189

who uses accounting information to make decisions related to their interests in the business.

190

Usually, who are we talking about?

191

We're talking about two groups of people.

192

I already mentioned one of them.

193

Those are the investors.

194

Investors are also called shareholders, are also called stockholders.

195

Obviously, investors, shareholders, stockholders, the same thing.

196

And the other group are creditors.

197

creditors are the people that lend money to the business they give you money

198

but they lend you the money they want their money back

199

investors they're in bed with you once you are an investor

200

in a business that's it there's no way out they're part

201

of the business they're the owners of the business these users generally required summarized information presented in the financial statements

202

And this group consists of investors, creditors.

203

So those two are the main users of accounting information.

204

Why?

205

Because those are the groups that provide the funding to the company.

206

The investors are the owners.

207

They invest their own money.

208

That's how you become an investor.

209

You buy stocks.

210

You buy shares in the company.

211

Creditors, they are lenders.

212

Think about banks.

213

Are these the only external users?

214

Not at all.

215

You have regulatory agencies, you have tax authorities like the government, you have customers, you have suppliers.

216

Many others, anyone that's outside the organization is an external user.

217

Now, can you be an external and internal user at the same time?

218

Of course, you can be an investor in a company and you could be working for the company.

219

And most small businesses are owned by the people that found them.

220

So they have the investors slash owners.

221

so for example for hot lectures I am the owner

222

and I am also I work for the company I'm an external

223

and an internal user so that could that could happen

224

but for the sake of illustration we have to understand we have internal users

225

and external users

226

and each part of these groups they're interested in some information

227

for example the government is interested in collecting their taxes regulatory agency

228

or agencies they are interested in making sure you are following certain rules and regulations.

229

Customers, they want to know your financial health before they buy from you.

230

Suppliers, same thing.

231

Suppliers, they are outsiders to the company.

232

Now suppliers could also be considered creditors because they lend you money.

233

Now let's take a look at this multiple choice question from Farhatlectures .com to reinforce what we just learned.

234

Which of the following is an example of an internal user of accounting information?

235

Well, is it A or B, investors and creditors.

236

Those are the main external.

237

You need to know this.

238

Those are external users and those are the people that invest money in the company.

239

Government regulators, government is an outsider.

240

Company managers, you guessed it.

241

Company managers, they manage the company.

242

Now, could you be a company manager and be an investor?

243

Yes.

244

Could you be a company manager and be a creditor?

245

Yes, you can work for the company and also lend money to the company if you have, If you have money, why not?

246

They will, if they need money, they would lend it.

247

I would better off investing rather than lending if I'm working for the company, right?

248

But the point is you need to understand the difference between internal users versus external users.

249

Remember, external users, we use the term financial accounting or financial reporting.

250

Internal users, we use the term managerial accounting.

251

And both financial accounting and managerial accounting are courses you need to take as any business major.

252

If you're an accounting major, you need to take more and Farhat Lectures will have course for financial accounting.

253

This is the course that you are taking now and managerial accounting as well.

254

Invest in yourself.

255

Go to Farhat Lectures, look at additional MCQs to practice what you learned.

256

Invest in yourself.

257

Accounting is important.

258

Good luck and stay safe.

앱 다운로드

유창하게 말하는 데 필요한 모든 것

AI 발음 평가문장마다 점수 확인

IPA 발음 연습모든 소리 마스터

단어 학습나만의 단어장 만들기

단어 게임놀면서 외우기

QR 스캔

Download on theApp Store Get it onGoogle Play

같은 채널

Revenue Recognition ASC 606. Step 1: Identify the Contract.

Business EnglishUniversity StudentsWorking Adults

Financial Assets versus Real Assets | Essentials of Investments | CFA exam | CPA Exam BAR

Cambridge Exam PrepBusiness EnglishUniversity Students

IFRS 1 | IAS 1| International Financial Reporting Standard 1 International Accounting Course

Business EnglishUniversity StudentsWorking Adults

FOR YOU

이 레슨의 어휘와 말하기 포인트

이 C1 수준 말하기 레슨은 영상 “What is Accounting ? An Introduction to Accounting”을(를) 바탕으로 합니다. 가장 자주 반복되는 단어는 다음과 같습니다: accounting, user, transaction, external, investor. 이 영상에는 섀도잉할 문장 258개와 단어 2771개가 있습니다. 말하는 구간의 길이는 17:52입니다. 화자는 분당 약 155단어로, 일상 대화에 가까운 자연스러운 속도로 말합니다. 단어의 84%가 영어에서 가장 많이 쓰이는 3,000단어에 속합니다. 나머지는 연습 전에 미리 확인해 두세요.

이 영상의 핵심 어휘

영상에서 가장 어려운 단어 15개를 발음, 뜻과 함께 정리했습니다.

단어	발음	뜻
investor 명사	/ɪnˈvɛs.tə(ɹ)/	투자자
creditor 명사	/ˈkɹɛdɪtɚ/	채권자
bakery 명사	/ˈbeɪ.kə.ɹi/	빵집, 제과점
ingredient 명사	/ɪnˈɡɹiːdi.ənt/	성분
lend 동사	/ˈlɛnd/	빌리다
managerial 형용사	/ˌmænɪˈd͡ʒɪəɹi.əl/	관리의
supplier 명사	/səˈplaɪə/	공급자
auditor 명사	/ˈɔːdɪtɚ/	감사역
outsider 명사	/ˌaʊtˈsaɪdəɹ/	외부인, 아웃사이더
shareholder 명사	/ˈʃɛəˌhəʊl.də(ɹ)/	주주
supermarket 명사	/ˌsupɚˈmɑɹkət/	슈퍼마켓, 슈퍼
interpret 동사	/ɪnˈtɜː.pɹɪt/	해석하다
analyze 동사	/ˈæn.əˌlaɪz/	분석하다
bake 동사	/beɪk/	굽다
minus	/ˈmaɪ.nəs/	빼기

영상에 나오는 구동사

단어	뜻
turn around 동사	회전하다

따라 말해 볼 만한 문장

영상에 나오는 짧고 완결된 문장으로, 일상 대화에서 그대로 쓸 수 있습니다:

You could have what's called enterprise resource management system.
What do we need to do once we identify a transaction?
We're going to talk about the users shortly.
I mean what does that mean?
Usually, who are we talking about?

이 영상의 문법

화자가 가장 많이 쓰는 문형을 영상 속 실제 표현과 함께 정리했습니다.

문형	영상 속 표현
조건문 if + 절, will/would + 동사 — 조건과 그 결과	if you're using a manual system, you'll manually · if they need money, they would lend
수동태 be + 과거분사 — 누가 하는지보다 무슨 일이 일어나는지에 초점	is considered · are computerized · should be recorded
관계절 who / which + 절 — 사람이나 사물에 대한 추가 정보	students who are · earnings which is · people who are

주의할 발음

화자는 we're, don't, I'm 같은 축약형과 약화된 형태를 32번 사용합니다. 들리는 대로 짧게 발음하세요.

“sh”와 “zh” 소리: shareholder /ˈʃɛəˌhəʊl.də(ɹ)/, projection /pɹəˈd͡ʒɛkʃən/, illustration /ˌɪləsˈtɹeɪ̯ʃən/, measurement /ˈmɛʒ.ə.mənt/
긴 단어 — 강세 위치에 주의: ingredient /ɪnˈɡɹiːdi.ənt/, manually /ˈmænj(u)əliː/, managerial /ˌmænɪˈd͡ʒɪəɹi.əl/, chronologically /ˌkɹɒnəˈlɒdʒɪkli/, systematically /ˌsɪs.təˈmæt.ɪ.kli/

한국어 화자가 어려워하는 소리:

/f/ — ㅍ(/p/)으로 바꾸지 말고 윗니를 아랫입술에 대기: reinforce /ˌɹiː.ɪnˈfɔːs/, emphasize /ˈɛm.fə.saɪz/, flour /ˈflaʊ.ə/
/v/ — ㅂ(/b/)과 구별하기: investor /ɪnˈvɛs.tə(ɹ)/, motivate /ˈmoʊ.tɪ.veɪt/, dividend /ˈdɪvɪdɛnd/, convey /kənˈveɪ/, oven /ˈʌ.vn̩/
/z/ — ㅈ이 아니라 성대를 울리는 /s/: analyze /ˈæn.əˌlaɪz/, summarize /ˈsʌməˌɹaɪz/, emphasize /ˈɛm.fə.saɪz/

이 영상으로 연습하는 방법

먼저 말하지 않고 영상을 끝까지 듣고 모르는 단어를 적어 둡니다.
0.75배속으로 한 문장씩 섀도잉을 시작하고, 익숙해지면 보통 속도로 돌아갑니다.
자신의 목소리를 녹음해 원본과 비교하고, investor, creditor, bakery 같은 단어에 특히 주의합니다.

쉐도잉이란? 영어 실력을 빠르게 키우는 과학적 방법

쉐도잉(Shadowing)은 원래 전문 통역사 훈련을 위해 개발된 언어 학습 기법으로, 다언어 학자인 Dr. Alexander Arguelles에 의해 대중화된 방법입니다. 핵심 원리는 간단하지만 매우 강력합니다: 원어민의 영어를 들으면서 1~2초의 짧은 지연으로 즉시 소리 내어 따라 말하는 것——마치 '그림자(shadow)'처럼 화자를 따라가는 것입니다. 문법 공부나 수동적인 청취와 달리, 쉐도잉은 뇌와 입 근육이 동시에 실시간으로 영어를 처리하고 재현하도록 훈련합니다. 연구에 따르면 이 방법은 발음 정확도, 억양, 리듬, 연음, 청취력, 말하기 유창성을 크게 향상시킵니다. IELTS 스피킹 준비와 자연스러운 영어 소통을 원하는 분들에게 특히 효과적입니다.

섀도잉 방법: 단계별 전체 가이드 읽기 →

쉐도잉 연습: What is Accounting ? An Introduction to Accounting. - 영상으로 영어 말하기 배우기

연습 모드 선택

앱 다운로드

같은 채널

Revenue Recognition ASC 606. Step 1: Identify the Contract.

Financial Assets versus Real Assets | Essentials of Investments | CFA exam | CPA Exam BAR

IFRS 1 | IAS 1| International Financial Reporting Standard 1 International Accounting Course

추천 영상

Cash vs Accrual Accounting Explained Simply | With Examples & Journal Entries

1. Introduction to statistics - Lecture 1

What are Capital Markets? | Intro to Capital Markets (Part 1)

Anatomy & Physiology: The Ultimate Beginner's Guide | Dr. Bee's Tutorials

Configure storage accounts | AZ-104 | Episode 16

Warren Buffett: How To Analyze a BALANCE SHEET

Introduction to PLC | Siemens PLC Training Course

What are KPIs and Metrics? | Data Fundamental for Beginners

The Anatomy of Fraud

Organizational forms and corporate issuer features (for the CFA Level 1 exam)

NEW- Micro Unit 1 Summary- Basic Economic Concepts

Research Foundations: How to Turn Business Problems into Actionable Data