- •Рецензенты:
- •Unit 1. Accounting and financial statements
- •1. Match the terms with the definitions.
- •2. T 1 Listen to Sarah Brandston, an accountant in New York, talking about bookkeeping and tax accounting. Then answer the following questions.
- •4. Insert the words in the box in 3 in the gaps in the text. Accounting and financial statements
- •Vocabulary
- •5. Complete the following sentences.
- •6. Answer the following questions.
- •8. Speak on accounting and financial statements. Unit 2. Banking
- •1. Match these terms with the definitions below.
- •2. Discuss the questions.
- •Types of Bank
- •Vocabulary
- •3. Find the words or expressions in the text which mean the following.
- •4. Match the verbs and nouns below to make common collocations from the text.
- •6. Speak on types of bank. Unit 3. Stocks and shares
- •1. Discussion.
- •2. Read the following text and answer the questions.
- •Companies
- •Vocabulary
- •3. Write questions that could produce the following answers.
- •4. Find the words in the text which mean the following.
- •6. Match the following words and definitions.
- •7. There is a logical connection among three of the four words in each of the following groups. Which is the odd one out, and why?
- •8. Speak on companies. Unit 4. Bonds
- •1. In Tom Wolfe's novel, The Bonfire of the Vanities, Sherman McCoy is a bond dealer in New York. One weekend his six-year-old daughter comes up with a question.
- •2. Can you explain what bonds are - to an adult rather than a six-year-old? If not, listen to Richard Mahoney, a Vice-President with j.P. Morgan and Co. In New York.
- •3. Match the words and phrases.
- •4. Discuss the following questions.
- •5. Read the text below and answer the following questions.
- •Vocabulary
- •6. In each case, which of the three statements is true?
- •7. Match the expressions with the definitions.
- •8. T 3 Listen to Richard Mahoney again, defining three different types of bonds. After listening to the definitions, try to work out:
- •9. Speak on bonds. Unit 5. Futures and derivatives
- •1. Match the words with the definitions.
- •2. Select ten or eleven of the following words that you would expect to find in a text about futures and options.
- •3. Read the text, and see if you find the words you selected. Futures, options and swaps
- •Vocabulary
- •4. Complete the following sentences.
- •5. Find words in the text that are in an obvious sense the opposite of the terms below.
- •7. T 5 Read the following extract from the talk while listening to the second part, and then match up the expressions in italics with the definitions or synonyms below.
- •8. T 6 Listen to the third part of the talk and answer these questions.
- •9. Discuss the questions.
- •Unit 6. Market structure and competition
- •Market leaders, challengers and followers
- •Vocabulary
- •3. Find words in the text which mean the following.
- •4. Match up these words with the definitions below.
- •5. Classify the following markets according to whether you think they are example of the following.
- •6. Speak on market leaders, challengers and followers. Unit 7. Takeovers, mergers and buyouts
- •1. Match up these words with the definitions below.
- •2. You will hear Max Pocock, a director of the international corporation Leica, talking about how it was formed.
- •3. T 8 Listen to the second part of the interview and answer the following questions.
- •4. Read the following text and underline the arguments in favour of leveraged buyouts. Leveraged buyouts
- •Vocabulary
- •7. Speak on leveraged buyouts. Contents
- •Коваль Оксана Ивановна
Vocabulary
arbitrageur |
арбитражер |
asset-stripping |
продажа активов |
backward integration |
интеграция назад |
competitive advantage |
конкурентное преимущество |
diversification |
диверсификация, распространение промышленно-хозяйственной деятельности на новые сферы |
forward integration |
интеграция вперед |
horizontal integration |
горизонтальная интеграция |
hostile takeover |
силовое поглощение |
leveraged buyout or LBO |
покупка контрольного пакета акций корпорации с помощью кредита |
management buyout or MBO |
выкуп контрольного пакета акций компании ее администрацией |
raid |
попытка понизить курс |
raider |
скупщик акций |
recession |
рецессия, спад |
stockholder |
акционер |
value synergy |
значимая совместная деятельность |
takeover bid |
предложение о покупке контрольного пакета акций |
vertical integration |
вертикальная интеграция |
5. Complete the following sentences, which summarize the text above.
1. The fact that many large conglomerates' assets were worth more than their stock market valuation demonstrated that...
2. Raiders bought conglomerates in order to ...
3. Raiders showed that the stock market did not...
4. Raiders were particularly interested in ...
5. Investors were prepared to lend money to finance LBOs because ...
6. Raiders argue that the possibility of a buyout ...
6. Give the Russian equivalents for the following words and word combinations.
Existence, to consist of, synergy, to be worth, market value, to liberate, efficient, conventional, lucrative, to enable, subsidiary, to convince, risky, to compensate, threat, challenge, well-run, badly-managed, to increase.
7. Speak on leveraged buyouts. Contents
Unit 1. ACCOUNTING AND FINANCIAL STATEMENTS 4
Unit 2. BANKING 10
Unit 3. STOCKS AND SHARES 16
Unit 4. BONDS 23
Unit 5. FUTURES AND DERIVATIVES 29
Unit 6. MARKET STRUCTURE AND COMPETITION 37
Unit 7. TAKEOVERS, MERGERS AND BUYOUTS 42
Коваль Оксана Ивановна
Английский язык
Учебно-методическое пособие по обучению
иноязычному общению
для студентов экономических
специальностей