II. Retell the text. Organization of financial activity

I. Read and translate the text.

The financial activity of entity - a special kind of company staff in the formation and use of financial resources. The financial activity of the entity must be organized so that the decisions taken by the finance were the most effective for the existing restrictions, such as lack of resources in the enterprise business environment and features.

Financial management – an organization of decision-making practices for the regulation of cash flows is carried out according to the structure of financial service companies.

The purpose of financial management – to achieve optimality adopted in the framework of the financial decisions to maximize cash flow business.

The financial activity of the company includes the work of financial managers at the two following directions and the volumes of each of them affect the organizational structure of financial services.

1. Specific actions of the daily management of funds in the short -term planning of finance (budget planning). Also necessary to provide funds for enterprise management equipment and normal ongoing business at the right time, with minimal cost and without the threat of loss of independence of the company to third parties (creditors).

2. Study of the analysis and preparation of prospective financial solutions for strategic planning finances.

II. Retell the text. Financial indexes

I. Read and translate the text.

Financial indexes are absolute values which characterize creation and use of financial resources in the economy of the state, it financial position, results of economic activity of enterprise structures, level of profits of population, distributing and redistribution of gross domestic product, by finances. They determine quantitative and high quality description of the economic phenomena and processes at functioning of finan­ces as component part of the economic system.

The aggregate of financial indexes creates the system which is distributed on the erected and individual indexes. The erected indexes are characterized by the phenomena and processes on a macro level. Individual­ – the erected go into detail and complement them.

To the number of the erected financial indexes belong: a general volume of financial resources, volumes of profits and charges of budget, volume of money pilling up, is in the economy of the state, sizes of fund of consumption and fund of pilling up and others like that. These indexes enable to define the general economic level of proportions, level of the financial providing of indexes of economic and social development.

Financial indexes are erected, except for mentioned before, must give the estimation of financial aspect of efficiency of public production during a certain period of time in a calculation on unit of all expenses which are needed for his receipt. However much these erected indexes need additional calculations. The index of financial results of production belongs to their number.