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Латыгина Базовый курс економики на англ.doc
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Exercises in Word Study

Ex.1. Form nouns from the following verbs:

perform, inform, supply, pay, act, present, accuse, audit, account (for).

Ex.2. Give the English for:

фінансовий звіт компанії, акціонери, фінансова діяльність компанії, бухгалтер, незалежний аудитор, річний звіт, звіт про прибутки та збитки, доходи та витрати, накладні витрати, балансовий звіт, активи та пасиви, майно, податки, застава, постачальники, баланс оборотних коштів, продаж активів, виплата дивідендів.

Ex.3. Match words from list A with words from list B that have a similar meaning:

A

B

account

check

revenue

window dressing

accuse

profit

expenses

expenditure

gain

creative accounting

blame

income

verify

report

Ex.4. Find suitable opposites to the following words and phrases:

profit; assets; a strong balance sheet; to look better; to absolve.

Ex.5. Match the nouns in left-hand column with the verbs in the right-hand column.

annual report

revenue

mortgage

apply for

arrange

pay off

present

produce

publish

increase

reduce

provide

Ex.6. Look at the words and phrases in the box. Match them with the correct definition from the list below.

  1. a person who keeps records and provides information about a company’s or person’s money;

  2. a person who examines the accounts of an organization to check they are true and correct;

  3. a report, containing financial results, presented each year by the directors to the members and shareholders of a company;

  4. a summary list of income and expenses for a business;

  5. money received from the sale of goods or services;

  6. an amount of money spent;

  7. the total business done by an organization in a given period;

  8. a long-term loan from a bank for buying property, which is used as security;

  9. accounting which follows the literal rules of legislation and accounting standards but succeeds nevertheless in presenting an unduly favourable picture of a company’s position or progress;

  10. statement of what a company owns, or assets, and owes or liabilities.

Ex.7. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

  1. My … prepares my tax returns every year.

  2. The … were called to inspect the accounts.

  3. The government has a huge need for tax … .

  4. The company has made several big … on new equipment.

  5. That company has a $10 million a year … .

  6. The flat was bought with a $100,000 … .

  7. The majority of the government’s … comes from taxes.

  8. The company won’t be able to increase … on technology in the coming year.

  9. Financial accounts give information about financial … of a company.

  10. Analysis of our … during the last year shows that approximately one third of our revenue came from the Asian markets.

  11. The accountant prepared the company’s … for the year.

  12. The … in our company is good because we take in much more money than we spend.

cash flow, balance sheet, performance (2), expenditure, mortgage, turnover, expenditures, revenue (2), auditors, accountant.

Ex.8. Fill in the missing prepositions.

An annual report is prepared … the management … a company whose stock is traded publicly. It contains written and financial statements … the progress … the company in the previous financial year. An annual report performs a useful function … a free market system, transmitting information … the company … its shareholders and investing public. Although the report is addressed … shareholders, other people who have a stake … the business – stakeholders such as employees, suppliers, customers, and lenders – will find it informative. Such a report acts as good public relations … the company.

(to (2), from, in (2), of (2), by, about, for)