- •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
3. Write questions that could produce the following answers.
1. They have to send their shareholders a report at the end of every financial year, including independently-audited financial statements, and hold an annual general meeting.
2. A market for young or small companies which do not want to have their shares traded on the major stock exchanges.
3. It issues new shares, offering them to existing shareholders first.
4. It's when a company chooses to issue new shares to existing shareholders rather than pay them a dividend.
5. They are generally entitled to vote at companies' General Meetings and to receive a dividend if the company makes a profit.
4. Find the words in the text which mean the following.
1 having a responsibility or an obligation to do something, e.g. to pay a debt
2 a person or organization to whom money is owed (for goods or services rendered, or as repayment of a loan)
3 to be insolvent: unable to pay debts
4 everything of value owned by a business that can be used to produce goods, pay liabilities, and so on
5 to sell all the possessions of a bankrupt business
6 money that a company will have to pay to someone else (bills, taxes, debts, interest and mortgage payments, etc.)
7 to provide money for a company or other project
8 money invested in a possibly risky new business
9 the people who begin a new company
10 the place in which a company does business: an office, shop, workshop, factory, warehouse, and so on
11 to guarantee to buy an entire new share issue, if no one else wants it
12 a proportion of the annual profits of a limited company, paid to shareholders
5. T 2 Listen to an extract from a midday financial market report on television. The newsreader mentions the prices of the following securities, currencies and commodities. In each case, does she say that the price has risen, fallen, or stayed almost the same?
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Risen |
Fallen |
Unchanged
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Shares in London |
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Shares in Frankfurt |
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Shares in Paris |
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Shares in New York |
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The dollar against the euro |
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The dollar against the yen |
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The euro against the Swiss franc |
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The euro against the yen |
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Bonds in New York |
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Bonds in Frankfurt |
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Gold |
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Oil |
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