LICENCIATURA EN ADMINISTRACION DE EMPRESAS

ANALISIS DE TEXTOS DE ADMINISTRACION EN INGLES

CARLOS MANUEL ANGELES CARMONA
ACTIVIDAD 1
GRUPO LAE302

Propósito:

Aplicar las técnicas de comprensión lectora que permitan la búsqueda de

información específica dentro del texto, con el fin de localizar la idea principal del
texto, así como algunos elementos gramaticales relacionados con los verbos
modales y expresiones de tiempo.

Instructions:

1. Read the next text carefully:

MANAGEMENT

One of the definitions of Management accounting says that it is the application of

professional skills and knowledge in the preparation of financial and accounting
information in a manner in which it will assist the internal management in the
formulation of policies, planning, and control of the operations of a company. The
basic function of management accounting is to help the managers make
decisions. There is no fixed structure or format for it.

Financial accounting, costing, business analysis, economics, etc. are some tools
and techniques of management accounting. The only need for management
accounting is that the data should serve its purpose, which helps the managers
take important business decisions.

There are many objectives, but the main objective is to assist the management
team of an organization in improving the quality of their decisions. Purpose of
management accounting is to help the managerial team with financial information
so that they can execute business operations and activities more efficiently.
Following is the list of all benefits of management accounting:

a) Decision Making

b) Planning

c) Controlling business operations

d) Organizing

e) Understanding financial data

f) Identifying business problem areas

g) Strategic Management
 LICENCIATURA EN ADMINISTRACION DE EMPRESAS
ANALISIS DE TEXTOS DE ADMINISTRACION EN INGLES
CARLOS MANUEL ANGELES CARMONA
ACTIVIDAD 1
GRUPO LAE302

Decision Making

This is the most important benefit of the process of management accounting. In

fact, it is the main purpose of it. In this form of accounting, we use techniques
from all fields like costing, economics, statistics, etc. It provides us with charts,
tables, forecasts, and various such analysis that makes the process of decision
making easier and more justified.

Planning

Managerial accounting does not have any strict timelines like financial
accounting. It is, in fact, a continuous and ongoing process. So financial and other
information is presented to the management at regular intervals like weekly,
monthly, or sometimes even daily. Hence managers can use this analysis and
data to plan the activities of the organization. In other words, managers can plan
all the necessary activities that are needed in the organization after managers
receive this information. For example, if the recent data shows a dip in the sales
for a certain region, then the sales manager can advise his team and plan some
action to rectify the situation.

Identifying Business Problem Areas

If some product is not performing well, or some department is running into

unexpected losses, etc. managerial accounting can help us identify the
underlying cause. Actually, if the management is diligent and their data and
reports are frequent, they can identify the problem very early on. This will allow
the management to get ahead of the problem. In other words, possible problems
can be solved before they appear.

Strategic Management

Concept of management accounting is not mandatory by any law. So, it can have
its own structure according to the company’s requirements. So, if the company
feels certain areas need more in-depth analysis or investigation it can do so
freely. This allows them to focus on some core areas. The information presented
to them must allow them to make strategic management decisions. Like if the
company wishes to launch a new product line, or discontinue an existing one,
management accounting might play a huge part in this strategy.

Adapted from: Management, (2016). Fundamentals of cost accounting

 LICENCIATURA EN ADMINISTRACION DE EMPRESAS
ANALISIS DE TEXTOS DE ADMINISTRACION EN INGLES
CARLOS MANUEL ANGELES CARMONA
ACTIVIDAD 1
GRUPO LAE302

2. What is the main idea of the previous text?

One of the definitions of Management accounting says that it is the application of

professional skills and knowledge in the preparation of financial and accounting
information in a manner in which it will assist the internal management in the
formulation of policies, planning, and control of the operations of a company.

3. Answer the next questions about the text with “TRUE” or “FALSE”

I. The basic function of management accounting is to help the managers

make decisions. __________TRUE_______

II. Financial accounting, costing, business analysis, economics, etc. are

some tools and techniques of management
accounting. _____TRUE_________________

III. Hence managers can’t use this analysis and data to plan the activities of
the organization. ______FALSE______________

IV. If the management is diligent and their data and reports are frequent,
they can’t identify the problem very early on. ___FALSE___________

V. ‘Planning’ isn’t in the list of benefits of management

accounting. ___FALSE__________

4. In the previous text, highlight all the sentences that you can find where “Modal
verbs” are used (at least 5 sentences), and classify them in the next chart. You
need to write the complete sentence where the modal verb was found, and the
use or function of that modal verb. If possible, try to not repeat the modal verbs:

Sentence that includes a Modal verb Use/ Function

The information presented to them must allow them to make Its literal translation would be I need or I have
strategic management decisions. what. However, it will depend a lot on the verb
that accompanies it since it can imply
assumptions.
Purpose of management accounting is to help the managerial This verb can have different translations,
team with financial information so that they can execute depending on its context, but the most
business operations and activities more efficiently. common are can, can, can, know, know, know.
Like if the company wishes to launch a new product line, or It is also a variation or synonym of the verb
discontinue an existing one, management accounting might play "may", and its use will vary in context.
a huge part in this strategy. Essentially, their translations are maybe,
could, or might.
This will allow the management to get ahead of the problem. In It is used to express something that we should
other words, possible problems can be solved before they do, expect, etc. in a future time. Its translation
appear. will depend a lot on the context and the verb.
The only need for management accounting is that the data The most common translation for this modal
should serve its purpose, which helps the managers take verb is should or you should
important business decisions.
 LICENCIATURA EN ADMINISTRACION DE EMPRESAS
ANALISIS DE TEXTOS DE ADMINISTRACION EN INGLES
CARLOS MANUEL ANGELES CARMONA
ACTIVIDAD 1
GRUPO LAE302

5. Create your own sentences where you use the following ‘Modal verbs’. Your
sentences need to be grammatically correct, and related to your major:

You must answer all the problems.

a. Must: _____________________________________________________
You mustn’t be a bad example for your workers.
b. Mustn’t: ___________________________________________________

c. The manager should work fine in any area.

Should: ___________________________________________________

d. Shouldn’t: _________________________________________________
The manager shouldn’t make bad decisions.

The manager can make decisions.

e. Can: _____________________________________________________

6. In the text, there are two sentences that contain the time expressions ‘after’
and ‘before’. Highlight them and write them here:

In other words, managers can plan all the necessary activities that are needed in the
_____________________________________________________________
organization after managers receive this information.

This will allow the management to get ahead of the problem. In other words, possible problems
_______________________________________________________________
can be solved before they appear.

7. Check the evaluation criteria carefully before sending your activity.