- •Vocabulary
- •Vocabulary Tasks
- •I. Study the following words and phrases. Recall the sentences in which they are used in the text. Use them in sentences of your own.
- •II. Replace the Ukrainian words and phrases by appropriate English equivalents. Translate the sentences.
- •III. Change the noun form into the verb and adjective forms. You may want to use a dictionary.
- •IV. For each word or phrase, write one which means the opposite.
- •V. Match these words as they occur in the text. Translate the phrases.
- •VII. Find words and phrases in the text which mean:
- •VIII. Fill in the blanks with prepositions.
- •II. Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •I. Write sentences with the following words.
- •II. Write questions to the following answers.
- •Text b. Financial Plan
- •Vocabulary
- •Reading and Speaking Tasks
- •I. Make up questions covering the content of the text and le your fellow students answer them.
- •II. Having read the text, what you can now say about:
- •III. Work with a partner who read the text to produce a summary of the text. You need only mention the important points. Lesson 2. Firm's finances Text a: Short-Term and Long-Term Expenditures
- •Vocabulary
- •Vocabulary Tasks
- •I. Study the following words and phrases. Recall the sentences in which they are used in the text. Use them in sentences of your own.
- •II. Replace the Ukrainian words and phrases by appropriate English equivalents. Translate the sentences.
- •III. Change the noun form into the verb and adjective forms. You may want to use a dictionary.
- •IV. For each word or phrase, write one which means the opposite.
- •VII. Find words and phrases in the text which mean:
- •VIII. Fill in the blanks with prepositions.
- •II. Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •III. Without looking back at the next, exchange its content with someone who read the text too.
- •I. Write sentences with the following words.
- •Part II. Sources of Long-Term Funds
- •Vocabulary
- •Vocabulary Tasks
- •I. Study the following words and phrases. Recall the sentences in which they are used in the text. Use them in sentences of your own.
- •II. Replace the Ukrainian words and phrases by appropriate English equivalents. Translate the sentences.
- •III. Change the noun form into the verb and adjective forms. You may want to use a dictionary.
- •IV. For each word or phrase, write one which means the opposite.
- •VII. Find words and phrases in the text which mean:
- •VIII. Fill in the blanks with prepositions.
- •Inventory Loans
- •Reading Tasks
- •I. Answer the questions using the information from the text.
- •II. Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •III. Without looking back at the next, exchange its content with someone who read the text too. Writing and Speaking Tasks
- •I. Write sentences with the following words.
- •III. Identify five sources of short-term financing for businesses.
- •Text b: Financial Management for Small Businesses
- •Venture Capital As a Source of Funds
- •Vocabulary
- •Reading and Speaking Tasks
II. Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
1. Financial managers are responsible for planning and controlling a firm's output of goods and services.
2. Firms that do not plan their cash flows carefully may go bankrupt.
3. Any funds not needed immediately must be invested,
4. In corporations, profits translate into an increase in the owners' wealth.
5. A financial manager's overall objective is to collect funds.
6. Business need financial management.
7. Managers don't need to plan cash flows days, weeks, and months ahead of time.
III. Without looking back at the next, exchange its content with someone who read the text too.
Writing and Speaking Tasks
I. Write sentences with the following words.
Example: vital people / are among / on / the most / financial managers / the corporate scene
Financial managers are among the most vital people on the corporate scene.
1. a finance / one in three / nearly / have / banking background / or / chief executives
2. to invest / profitability / failure / reduces / surplus funds
3. means / risk / more / debt / more
4. seek / financial managers / to balance / with / the risks / financial returns
5. must / earnings / exceed / its costs / the company's
6. cash flow / requires / the management / careful planning / of a firm's
II. Write questions to the following answers.
1............................................................................
Possible job titles for high-ranking financial managers include vice president for finance and chief financial officer (CFO).
2............................................................................
An increase in a firm's cash on hand reduces the risk of unexpected cash needs. 3............................................................................
The financial manager strives to maximize the wealth of the firm's stockholders by striking a balance between risk and profitability.
4............................................................................
Balance between the risk of an investment and its potential gain is called risk-return trade-off.
5.............................,............................................
Most financial decisions involve trade-offs.
6............................................................................
Every financial manager must perform the risk-return balancing act, from small start-ups to huge multinational corporations.
III. Give reasons why, in the modern business world, effective financial decisions are increasingly important to organizational success.
IV. Explain the functions performed by the financial manager.
V. Describe the difference between finance and accounting in regard to emphasis on cash flow.
VI. Write the summary of the text.
VII. Check the summary of the text written by one of the students and if it is necessary comment on the mistakes.
VIII. Identify the background and experience needed by an individual in order to become a financial officer of a corporation.