Ex.5. Find link-words (or logical links) and say what they mean.

III. Comprehension

Ex.6. Answer the questions using information from the text:

1. What does finance deal with?

2. What is the function of finance?

3. Can a firm or a company be prosperous thanks to the marketing effectiveness only?

4. What are the charges of financial manager?

5. What can you say about the role of financial manager?

6. What do taxes represent?

7. What is a vital aspect of the firm’s operation?

Ex.7. Say whether these statements are true or false. If they are false say why. Add the phrases:

I agree to it. I can’t agree to it.

I think so too. I don’t think so.

Exactly so. Just on the contrary.

1. Finance is a necessary part of any modern economy.

2. Finance is the function of recording, classifying, summarizing and interpreting of financial events and transactions.

3. If a firm has poor marketing effectiveness it has little chance for survival.

4. The charge of a finance manager is to obtain money and then spend it effectively.

5. The role of financial management is very important.

6. Financial management deals with the purchase of raw materials, hiring of equipment, promotion of a new product.

7. Small and medium size businesses usually have no cash or credit cushions.

8. Careful control of the way funds are used is a vital aspect of the firm’s operation.

IV. Language

Ex.8. Match words in column A with their definitions in column B. Study the definitions of words.

1. Finance – 2. Debt – 3. Purchase – 4. Budget – 5. Financial control -

a financial plan that allocates resources based on projected revenues; a process that periodically compares the actual revenue, costs and expenses with projections; the function in a business responsible for obtaining funds for the firm, managing funds within the firm and planning of the expenditure of funds; something obtained by payment of money or its equipment; the sum of money that people or firms have borrowed and not paid back.

Ex.9. Fill in the blanks with the suitable words.

1. Finance …. money. (makes, spends, concerns)

2. The function of finance is obtaining funds, preparing budget and planning of the … of funds. (accumulation, expenditure, purchase)

3. Among financial functions are such as buying … (cash, loans, merchandise) on credit and collecting payments from … (buyers, sellers, staff).

4. Financial management deals with the purchase of raw material, hiring of equipment, …. of a new product (advertising, promotion, research).

5. The finance manager must be sure that the company does not loose too much money to bad … (customers, transactions, debts).

6. … represent an outflow of cash from business and must be paid. (debts, taxes, loans).

7. Finance exists wherever there are money… and money is spent (incomes, outflow, commodities).

V. Oral Practice

Ex.10. Be ready for the conversation about finance. Start with the statement that: “Finance is a necessary part of any modern economy”.

Then :

1. Define finance and explain its role within the firm.

2. Identify the reasons firms need cash and why financial management is important.

3. Explain the specific duties of the financial manager.

Use the following expressions: I do think that…; In my opinion …; It is important to say …;

Summing it up …

VI. Comprehension

Ex.11. Listen to the text “My future speciality”. Render the contents of the text in Russian.

Text B:

Date: 2015-12-11; view: 999

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