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5. Find synonyms for the words underlined.

1. A budget sets for management’s expectation for revenues.

a) reimbursement b) income c) money d) expenses

2. A business operates in the same way.

a) work b) go c) jump d) run

3. Most firms compile yearly budgets from short-term financial plan.

a) make b) do c) compose d) draw

4. Cash budget assists managers to work.

a) help b) do c) destroy d) prevent

6. Match the words from (a) with the words from (b)

a) Financial

Management’s

Specific

Operating

Cost and

Cash

Given

Assist

Debt

Cash

Long-term

Final

b) Resources

Budget

Plan

Expenses

Balance

Expectation

Managers

Period

Disbursements

Repayment

Step

Investment

7. Make up sentences putting the words in the correct order:

  1. You, of, constructed, a, carefully, own, budget, live, may, under, your.

  2. A, way, operates, in, same, the, business.

  3. Most, from, firms, short-term, long-term, and, compile, yearly, financial, budget, forecast.

  4. Operating, includes, budget, expenses, current.

  5. Capital, includes, long-term, budget, capital, investment.

  6. A, is, projected, budget, cash, at, end, the, balance, given, cash, the, of, a, period.

  7. Financial, plays, plan, role, an, important.

8. A) Form nouns from the following verbs and translate them.

To lead, to offer, to fear, to challenge, to develop, to agree, to invest, to model.

b) Form adjectives from the following verbs and translate them.

To remark, to change, to exchange, to understand, to value, to vary, to profit, to market.

9. Checking facts and ideas.

  1. Final step in financial planning is to establish financial control.

  2. A cash budget includes current expenses on supplies, travel, rent, advertising, salaries.

  3. A master budget summarizes the proposed financial activities of the firm.

  4. Any firm can operate without compiling a budget.

  5. A capital budget directs to the receiving of profit from long-term capital investment.

  6. Financial planning shows how to allocate funds to get revenue.

10. Complete the sentences: rearrange them to get a summary of the text.

  1. Financial plan is….

  2. Your family has the own…

  3. The guide for financial operations of the firm is a…

  4. The projection of money allocation to various costs and expenses, which are necessary for running or operating the company, is the…

  5. The spending plan for assets whose return are expected to occur over the extended period of time is..

  6. The projected cash balance at the end of a given period is…

  7. The financial plan, including three types of budget is…

  8. It determines what long-term and short-term investments to make.

11. Single out the main points of the text. Use the following opening phrases:

The text looks at (the problem of…)

The text deals with the issue of..

It is clear from the text that…

Among other things the text raises the issue of…

The problem of…is of great importance

One of the main points to be singled out is

Great importance is also attached to…

In this connection, I’d like to say…

It further says that…

I find the question of…very important because…

We shouldn’t forget that…

I think that…should be mentioned here as a very important…mechanism of… .