- •Unit 6. Finance for strategy
- •1. Read the text and match the topic sentences a-h to the gaps 1-7.
- •Financial Management functions
- •3. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •4. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •5. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •Text 2 Banking On Blue Chip Stocks
- •1. Scan the text and match the subheadings to the parts I-V.
- •2. Read the text and say whether the statements are true or false.
- •3. Summarize the content of the text.
- •5. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •6. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •7. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •Five Steps of a Bubble
- •1. Skim the text and match the pictures a-g to the paragraphs 1-7.
- •§ 3. 1. Displacement
- •§ 4. 2. Boom
- •§ 5. 3. Euphoria
- •§ 6. 4. Profit Taking
- •§ 7. 5. Panic
- •2. Read the text and answer the questions.
- •3. Work with vocabulary. Identify the words and word combinations marked violet in the text with their definitions given in the table below.
- •4. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •5. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •6. Watch the film “Margin Call” (2011) and describe the situation of the 2008 crisis.
- •7. Work either individually or in pairs / groups. Answer the following questions. Prepare a report, if necessary.
- •1. Scan the text and
- •Five Lessons from the World's Biggest Bankruptcies
- •3. Give the summary of the five lessons from the World's Biggest Bankruptcies.
- •Vocabulary. Part I
- •Vocabulary. Part II
- •5. Work with vocabulary. Identify the words and word combinations from the previous exercise by the context provided.
- •Vocabulary. Part I
- •Vocabulary. Part II
- •6. Lexical Card. Prepare a short talk on the following topics, using the lexical items listed below, either in written or oral form:
- •7. Read the recommended articles in the text and prepare reports on the topics.
- •8. Watch the film “Wall Street II. Money Never Sleeps” (2010) and find illustrations of the processes described in the text.
- •9. Discussion. Lessons to be learnt from the article and the films. Final discussion
- •Unit 6 wordlist
- •Unit 7 Budgets, Decisions and Risks
- •1. Make an outline of the text Managerial Accounting
- •2. Write a word from the box in the correct form in each gap.
- •Money management - an introduction
- •3. Circle the correct word or phrase.
- •4. Develop the topic suggested
- •1 . Highlight the topic sentences and justify your choice Trading on Teamwork
- •Curriculum vitae
- •2. Fill in the gaps with the right prepositions Dealing with debt
- •3. Each of the words or phrases in bold is incorrect. Rewrite them correctly.
- •4. What aspects in the company management should be taken into consideration to make the right investment decision ?
- •1.What is the main idea of the text ? Financial crisis could turn the tide against unrestricted capital flows
- •2. Fill in the right word from the text
- •3. Answer the questions
- •4. Develop the topic: what do the market crises depend on?
- •1. Think of some other title for the text Downturn, start up
- •2. Choose the right word combination (scarce,collateral,teeth, spur,commissioned)
- •3. Qualify the statements, whether they are true or false
- •Unit 8 and 9 People as a Resource / Developing People
- •1. What do you think is similar in the job of a mentor and a coacher? What could be the main difference between them?
- •2. Read the text below to check if your ideas were right. Name the most striking difference between mentoring and coaching. Mentoring versus coaching
- •3. Scan through the text once again and put m next to the phrases which characterize mentoring, and c next to those which are typical of coaching.
- •4. Paraphrase the last sentence of the text. How far do you agree with it?
- •5. Explain the meaning of the highlighted words/phrases in English.
- •6. Translate from Russian into English.
- •7. Discuss in pairs.
- •2. Underline the key phrases which help differentiate one term from the other.
- •3. Define the phrases from the text which are in bold.
- •2A. Scan through the text to check if you were right.
- •2B. Read the text once again and find potential hazards a team can face at some stages.
- •2C. Using your own teamwork experience, name 1) the stage(s) which can be skipped; 2) the other hazards a team can face at each of the stages.
- •1. Scan through the text below and find out why it has got such a title. Team-building for charity brings tears to my eyes
- •2. Answer the following questions about the text:
- •3. Summarize the text ‘Team-building for charity brings tears to my eyes’.
- •4. Define the words in bold.
- •5. Fill in the gaps with an appropriate word / phrase from the box.
- •6. Discuss in pairs.
- •1. The title of the text below is The Value of Poaching. Scan through paragraphs 1-3 and find out what poaching is. Write a short definition for this term.
- •Wordlist for unit 8 and 9
- •Unit 12 Management information systems
- •1. Make an outline of the text.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Think of an appropriate title for the text.
- •4. Explain the difference between data, information and knowledge, providing examples from the sphere of management.
- •1. Make an outline of the text.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Choose the most appropriate title for the text:
- •4. Answer the questions.
- •What information do you need?
- •3. Answer the questions.
- •4. Speak on the role of data, information and knowledge in management studies or business management using one of the following sets of words.
- •2. Read the definitions and find corresponding words or expressions.
- •3. Answer the questions.
- •1. Find the topic sentences of the paragraphs. Management Attitude about cis Resources and Their Use
- •2. Read the definitions and find corresponding words or expressions.
- •3. Match the sentences from the text with the paragraphs 1-9.
- •4. Choose the right alternative.
- •5. Answer the questions.
- •6. Name a few fields where being bullish is vital and being bearish is acceptible; provide supporting arguments.
- •Wordlist for unit 12
Unit 6. Finance for strategy
TEXT 1.
1. Read the text and match the topic sentences a-h to the gaps 1-7.
One letter is EXTRA.
A. Successful financial planning means that the financial manager must decide on the amount and mix of assets necessary to generate the forecasted level of sales and profits.
B. In addition to long-range plans or budgets, the financial manager is concerned with near-term cash inflows and outflows associated with business operation.
C. In smaller firms, the operator of the business may take total responsibility for the finance functions.
D. Financial analysis goes hand in hand with successful financial planning.
E. Financial management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.
F. Once financial plans have been made and asset needs planned for, the financial manager must acquire or raise the short-term and long-term funds necessary to support the firm's assets.
G. In order to plan, it is necessary to look forward. We all have perfect hindsight, but foresight is what determines the success of a business.
H. The overall objective of financial management is to maximize the value of the owners' investment or equity in the firm.
Financial Management functions
(1) __. To be successful in this endeavor, the financial manager must effectively carry out the functions of financial planning and analysis, asset management, and the raising of funds.
Financial Planning and Analysis. (2) __. Long-range plans covering several years must be prepared to project growth in sales, assets, and employees. First, a sales forecast needs to be made that includes expected developments in the economy and that reflects possible competitive pressures from other businesses. The sales forecast then must be supported by plans for an adequate investment in assets. For example, a manufacturing firm must invest in plant and equipment to produce an inventory of products that will fill sales orders. Asset investment plans call for, in turn, plans indicating the size of financing needs. Adequate investment in human resources must be planned for as well.
(3) ___. Cash flows are often monitored on a daily basis for large firms while small firms may make only monthly cash budgets. An unexpected shortage of cash causes financial problems for the financial manager. Having failed to plan for such a need in advance, he or she may have to seek a loan from a bank or other lender when the firm is out of money.
(4) ___. The established firm must conduct a financial analysis of past performance to aid in developing realistic future plans. The new firm should analyze the performance characteristics of other firms in the same industry before making plans. Financial analysis is conducted primarily through the examination of financial ratios, such as the ratio of profits to sales. These are viewed either historically over time or by comparing ratios with other firms in the industry.
Asset Management. (5) ___. Investments in fixed assets are necessary to support sales. For manufacturing firms, plant facilities and machinery are necessary to produce the firm's products. In addition to fixed assets, the firm must carry adequate amounts of current assets. Inventory must be accumulated for the purpose of making sales. Cash balances must be maintained to carry on day-to-day transactions, and receivables may be incurred if sales are made on credit.
Raising Funds. (6) ___. Trade credit may be requested from suppliers, short-term bank loans may be obtained, or other current liabilities may be used. Long-term sources of financing may come from profits, the owner's own equity contributions, or long-term borrowing.
(7) ___. In fact, in small firms, the owner usually administers all facets of the business' operations. It is because of this that the small business finds itself at a special disadvantage. Few people have the overall ability to effectively perform the many challenging functions required by even the small business. On the other hand, the medium and large business may, by virtue of size, assign an individual or group of individuals to these special functions and in so doing achieve the efficiency that comes from specialization of talent.
УЧЕБНИК. Melicher, R.W. Finance: introduction to markets, institutions and management / Ronald W. Melicher, Merle T. Welshans. – 8th ed. Ohio, SOUTH_WESTERN PUBLISHING CO. 1992. Pp. 137-138.
2. Work with vocabulary. Identify the words and word combinations marked violet in the text with their definitions given in the table below.
1. (n) A. the value of a property after you have taken away the amount left to pay on the mortgage (=money borrowed to buy it); B. the value of a company’s shares; C. company shares that can be bought and sold on a stock market |
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2. (v) to get more and more of something over a period of time |
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3. (n) A. amounts of money that a company is owed, which count as its assets; B. money due from tenants or clients. ______ are listed as an asset on the balance sheet. One can have a profit on paper, because all the rent charged to tenants counts as income, whether collected or not. One can also have a large amount of assets and be worth a lot of money, on paper, because unpaid rents—________—are listed as an asset. At the same time everything looks rosy on paper, you can be going broke because tenants are not paying their rent, you don't have any hope of ever collecting the past-due receivables, and there is no money to pay the bills. |
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4. (n) денежная позиция; остаток кассы; кассовые остатки; остаток денежных средств; денежная наличность; остаток кассовой наличности; кассовая наличность |
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5. (2 words) вклад в собственный капитал; вклад в уставный фонд; взносы собственного капитала; инвестиционное участие; прямое участие |
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6. (n) A. a factory that makes cars, machines, equipment etc.; B. large machines and equipment used in industry |
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7. (adj) of, for, or involving a short period of time in the near future |
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8. (2 words) A. credit one firm grants to another firm for the purchase of goods or services. That is, when the goods are delivered, the recipient does not have to pay immediately for the goods - a credit is given with terms for payment (say 30 days). This potentially allows the vendor to sell the goods and use the sale proceeds payoff the credit obligation. B. a loan or line of credit that a company extends to another in order for the second company to buy goods and services, especially those necessary to conduct its operations. |
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9. (n) the opportunity to judge or understand past events using knowledge that you have gained since then |
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10. (n) money owed by a business, country, or organization |
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11. (adj) continuing or looking far into the future |
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12. (n) the good judgment to think and plan before an event, so that you are prepared for whatever may happen |
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13. (2 words) A. something a company owns and uses but does not sell, for example machines, buildings, or land; B. an asset with a long-term useful life that a company uses to make its products or provide its services. Strictly speaking, a _______ is any asset that the company does not expect to sell for at least a year, but the term often refers to assets a company expects to have indefinitely. Common examples of ________ are real estate and factories, which a company holds for long periods of time. |
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14. (v) to make money |
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15. (2 words) A. amount owed for salaries, interest, accounts payable and other debts due within 1 year; B. on a balance sheet, any liability expected to be paid off in one year or less. Common examples of __________ are short-term bills and accounts payable. |
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16. (prep) because of something; due to something, or as a result of |
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17. (n) a list giving details of all the things in a place |
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18. (idiom) if two things ____, they exist together and are connected with each other |
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19. (phrase) осуществлять продажи в кредит |
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20. (n) an effort to do something, especially something new or difficult |
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21. (n) an aspect of something such as a situation or someone’s character |
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22. (n) the tools, machines, or other things that you need for a particular job or activity |
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23. (n) A. a piece of equipment that does a particular job by using electricity, steam, gas etc; B. the moving or working parts of a machine |
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24. (v) A. to obtain or receive money on loan with the promise or understanding that it will be repaid. B. to receive money from another party with the agreement that the money will be repaid. Most people ___ at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for _______. Most loans also have a maturity date by which time the person must have repaid the loan. _____ occurs informally from family and friends, at the retail level through a bank, and also on a large scale involving governments and institutional investors. |
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25. (2 words) A. value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year; B. cash and other assets expected to be converted to cash within a year. Examples include accounts receivable, prepaid expenses, and many negotiable securities. __________are calculated on a balance sheet and are one way to measure a company's liquidity. ________ tend not to add much to the company's assets, but help keep it running on a day-to-day basis. |
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