[PDF] The Growing Importance of English for Accountants





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Six reasons why English is important It is an international common tongue It is a language of academia It gives us access to a wealth of written media online and printed It comes in handy when travelling It is essential if you want to work in international business or commerce It is the language of Hollywood

Why is it important to learn English?

As table 1 shows, 31 students answered that it is important to learn English because it is an international language and 26 students claimed that it is important for being able to communicate with people from other countries.

How do students see the English language as a tool?

This study shows that the majority of the students see the English language as a tool useful while using the Internet, watching TV and movies, in printed medias, when they travel and when they need to communicate with people from other countries.

What is the difference between EAL and first language English?

Typically, EAL learners start their educational careers with significantly lower levels of vocabulary knowledge compared to their first language English (FLE) counterparts (NALDIC, 2015). Moreover, EAL learners also typically take longer to master the high-frequency vocabulary es- sential for academic success (Coxhead & Boutorwick, 2018).

V. Chernysh, Student

O. Syvak, PhD in Ec., As. Prof., research/language advisor

Zhytomyr State Technological University

THE GROWING IMPORTANCE OF ENGLISH FOR ACCOUNTANTS

Every year we are increasingly convinced of the growing importance of English in the modern world. It is the major means of communication between business people in different countries. Undoubtedly, English is a skill that embellishes a resume of a representative of any profession and accounting is no exception. Nowadays, many employers include English in the number of mandatory requirements for the position of an accountant. It does not matter whether we are talking about an international company or a small firm in the domestic market - now the demand for accountants with knowledge of English is constantly increasing. At the Ukrainian labor market, every third company now requires knowledge of a foreign language from its employees. In spite of this, some people still do not realize the significance of this skill. Today, the business world has a lot of opportunities connected with cooperation with foreign partners. Most companies have links with foreign investors, suppliers and customers. The accounting department, which is responsible for all business transactions of a company, must clearly understand all the content of contracts, financial statements and terms of cooperation. Many people think that they do not need to improve English communication skills because the major part of their job involves dealing with numbers. However, a certified accountant should not only organize the numbers in a certain order, but also to communicate about the changes, results and the information pertaining to the financial statements or provide accurate information in the form of various notes and interpretations. Good language skills are very necessary for everyday communication with employees, leadership, partners, getting acquainted with new people, telephone conversations, meetings, presentations and participation in negotiations. A few years ago, knowledge of English was not so important, but now the situation has completely changed. This is due not only to the growing number of foreign companies in the Ukrainian market, but also to the high level of competition in the industry. According to statistics, the salary of a specialist who knows English is higher by 10-20% than the one who does not want to learn a language. Due to the reorientation to the world markets and the expansion of partnerships between Ukrainian companies with foreign ones, primary documents, reports, contracts are formed in English. The ability to study and analyze documents is an obligatory requirement for the profession of an accountant. English is necessary to prepare company reports according to International Financial

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