- •Unit 1. Why finance
- •5. Arrange and run a conversation on the following text:
- •Unit 2. Acquisition of capital
- •2. Read, translate and retell the text:
- •3. Look at the term in the left-hand column and find the correct synonyms or definitions in the right-hand column:
- •Unit 3. Money
- •2. Read, translate and retell the text:
- •3. Give English equivalents of the following:
- •2. Read, translate and retell the text.
- •3. Answer the following questions:
- •4. Match the following words and phrases in a meaningful way:
- •5. Discussion Points:
- •6. Read, translate and retell the text.
- •7. Fill each blank in the text with the correct word or phrase. Choose from the following list. Use each item once only.
- •8. Answer the following questions:
- •Unit 5. Exchanges
- •2. Read, translate and retell the text.
- •3. Give the Ukrainian equivalents of the following words and word combinations:
- •3. Arrange the words in pairs of synonyms:
- •5. Answer the following questions:
- •Unit 6. Accounting and bookkeeping
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •5. Answer the following questions:
- •Unit 7. Auditing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Find the following English equivalents in the text,translate sentences containing them into Ukrainian:
- •8. You are given below a list of financial one-word-terms. List all terms-phrases you can associate with them:
- •Unit 8. Taxes and Taxation
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text.
- •3. Say what you have learnt about:
- •4. Retell the text and then give your points of view on such problem questions as:
- •5. Discuss the following statements:
- •6. Indicate whether each of the following statements is true or false:
- •Unit 9. The basis of financial management
- •1. Read and memorize the following words and word combinations:
- •2. Read translate and retell the text
- •3. Translate into Ukrainian
- •4. Find the English equivalents:
- •5. Fill in the blank:
- •6. Answer the following questions:
- •Unit 10. Outside sources of financing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •5. Fill in the blanks:
- •6. Answer the following questions:
- •Unit 11. Sources of unsecured financing
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Translate into Ukrainian:
- •4. Find the English equivalents:
- •3. Give English equivalents of the following:
- •4. Define the terms:
- •5. Answer the following questions:
- •Unit 13. How to Buy Bonds and Stocks
- •2. Read, translate and retell the text:
- •3. Look at the term in the left-hand column and find the correct definitions in the right-hand column:
- •4. Find the English equivalents.
- •Unit 14. The language of stock
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Find the English equivalents.
- •4. Answer the questions:
- •5. Look at the term in the left-hand column and find the correct definitions in the right-hand column:
- •Unit 15 International Finance
- •1. Read and memorize the following words and word combinations:
- •2. Read, translate and retell the text:
- •3. Questions for discussion:
- •4. Speak on the topics:
- •Texts for Additional Reading
- •1. The Bank of England
- •2. The Federal Reserve System
- •3. The Banking System of Ukraine
- •4. Financial Institutions
- •5. Bank Organization
- •6. Money and Currency
- •7. Bank Accounts
- •8. Bank Services
- •9. Bank Loans
- •10. International Bank Settlement System and Methods of Payment
- •11. Financial Statements at a Bank
- •12. Introduction to Corporate Finance
- •13. What Is Corporate Finance?
- •14. The Financial Manager
- •Figure 1. A simplified organizational chart. The exact titles and organization differ from company to company
- •20. A Corporation by Another Name...
- •21. The goal of financial management
- •22. The Goal of Financial Management
- •23. A More General Goal
- •26. Management Goals
3. Translate into Ukrainian:
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4. Find the English equivalents:
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5. Answer the following questions:
What is unsecured financing?
What are the sources of unsecured short-term financing?
What is a trade credit?
What is the difference between promissory note and trade credit?
In what case a loan application may be rejected by a bank?
What is a commercial paper secured by?
Why is issuing a commercial paper cheaper than getting short-term financing from a bank?
What is a commercial draft?
Can commercial draft be used as collaterals for loans?
Unit 12. The Sources of Income
1. Read and memorize the following words and word combinations:
wealth – багатство
to deposit money in a saving account – кластигрошінаощаднийрахунок
to earn interest – одержувативідсотки
to loan – позичати, давати позику
savings – заощадження
salary – зарплата (службовця)
wage – зарплата
rate of return – нормаприбутку
2. Read, translate and retell the text:
Before you can consume anything, however, you must do two things. First you must earn the income to buy the things you want. Then you must decide how the money will be spent. There are two ways to earn income: from your work and from the use of your wealth.
Income from Work. Most of the income you are likely to earn will come from work. In return for working, you will receive a wage or salary. (The term ‘wage’ typically refers to the earnings of workers paid by the hour or unit of production. ‘Salary’ refers to earnings paid on a weekly or monthly basis.) How much you earn will depend on your job, your abilities, your performance, and a number of other factors.
Income from Wealth. Wealth can be expressed as the value of the things you own. Adding the value of all your possessions, bank accounts, savings, and the like will give you the total amount of your wealth.
Used in certain ways, wealth can earn income. If you owned a motorcycle, you might be able to let others use it for a fee. In that instance economists would say that you used your wealth to earn ‘rent’. Wealth, in the form of money that is loaned to others or deposited in a savings account, will earn interest. As you can see, interest and rent are two forms of income that can be earned by wealth.
The number and value of things we are able to buy depends upon the size of our income and how wisely we spend it.
As consumers, all of us are limited by what we can spend. We know that money used to buy one thing reduces our ability to buy something else. Most of the time, we are able to keep track of our expenditures (the money spent) so we are able to meet our immediate needs. But every now and then we find ourselves unable to buy something we wanted simply because the money was not available.
To help keep track of income and expenditures, many people use personal budgets. A budget is a financial plan that summarizes income and expenditures over a period of time. When a budget has expenses that exactly equal income, it is said to be balanced. When proposed expenses are greater than expected income, the budget is said to have a deficit. Budgets in which income exceeds expenditures will have a surplus.
Although there are as many ways to prepare a budget as there are people who use them, the process usually involves three steps: setting financial goals, estimating income, and planning expenditures.
Saving is, after all, one of the most important things that people do with their incomes.
Safety. One of the first things to think about when you save money is safety. You could hide your savings in your mattress or a desk drawer, but if you’re smart you won’t. They are the first places your little brother or sister is likely to look. Banks and savings institutions, on the other hand, protect your money against fire, theft and other disasters.
One of the main reasons people save their money is to earn interest, the income from allowing someone else to use one’s capital. The amount that they earn is known as the rate of return. The rate of return is expressed as a percentage of the amount on deposit for a period of a year.