Ministry of finance of ukraine

DNIPROPETROVSK STATE FINANCIAL ACADEMY

Tokun I.I., Yaremchuk L.I.

E N G L I S H

FOR FUTURE FINANCIERS

dnipropetrovsk – 2009

Tokun I.I., Yaremchuk L.I. English for future financiers. – Dnipropetrovsk: DSFA, 2009. – 164 p.

English for future financiers is a course for finance students majoring in finance. It consists of this book, a book of supplementary reading intended for self-study and an audiocassette.

Reviewed by Kuchina N.M., candidate of science, head of Foreign Languages Department.

Approved by the meeting of the Department

of Foreign Languages

Record №4 of 16.11.2009

CONTENTS

PREFACE ...............................................................................................		4
UNIT 1.	WHY START A BUSINESS?...............................................	5
UNIT 2.	STARTING AND RUNNING A NEW BUSINESS ………	14
UNIT 3.	WHAT IS FINANCIAL MANAGEMENT?.........................	21
UNIT 4.	ACCOUNTING: AN AID TO DECISION MAKING .........	33
UNIT 5.	COSTS AND COSTING ......................................................	54
UNIT 6.	FINANCE ..............................................................................	69
UNIT 7.	MONEY MATTERS AND PAYMENT ...............................	88
UNIT 8.	TEXTS FOR SELF – STUDY ……………………………..	98
TAPESCRIPTS .......................................................................................		158
GLOSSARY.............................................................................................		160

Preface

English for future financiersis a course for finance students who major in finance and taxation.It is designed for 52 academic hours in a classroom setting and 27 hours of self-study.

The goal of the course is to develop and improve students’ English language skills in reading, speaking, listening and writing that are involved in studying finance and are essential for financiers.

This book contains 8 units covering in a coherent and logical order the most important questions concerned with starting and running a new business, financial management, accounting, finance, some aspects of money matters and payments.

Each unit includes the main text with a vocabulary, a few additional texts and supporting exercises designed to develop students’ English language skills in reading, speaking, listening and writing. Most tasks are intended for work in pairs or in small groups to help students develop the interpersonal skills they will need in their future work and to facilitate the learning process. The goal of the unit 8 “Texts for self – study” is to develop students’ English skills in supplementary reading texts pertaining to finance. Each text is accompanied by exercises designed to develop reader’s skills in finding key words, guessing the meaning of new words from the context, understanding both main points and supporting details contained in the text, and summarizing the material. End-of-book materials include tapescripts of audio materials and a glossary of key terms.

All the materials are based on austhentic texts from: Business studie (New Edition) by Susan Hammond (Longman Group UK Limited, 1998).