- •Ministry of finance of ukraine
- •Preface
- •Unit 1 Why start a business?
- •Vocabulary
- •Why start a business?
- •2) What information do you think a business plan must represent? Reading
- •Contents of a business plan
- •What should be in the plan?
- •Business plan
- •Vocabulary
- •Text 3 Starting a new business
- •Vocabulary
- •Financial activities and their management
- •Vice – President for Finance
- •Vocabulary
- •Writing a summary (an abstract)1 of a text, a book, an academic paper etc. Steps in writing a summary
- •Here are a few tips for you about writing a summary and some useful expressions
- •Vocabulary
- •Can you answer the following questions?
- •Introduction to accounting
- •Vocabulary
- •Assets and liabilities
- •Current Fixed assets
- •Vehicles
- •Investments
- •Balance sheet
- •Financial statements
- •Value added statement
- •Vocabulary
- •Valuation of assets
- •Variable costs
- •Indirect costs
- •Imputed costs
- •Vocabulary
- •Costing methods
- •Vocabulary
- •The use of funds
- •Vocabulary
- •Sources of finance
- •Borrowing
- •Other sources of funds
- •Management of working capital
- •Vocabulary
- •Money and its functions
- •Nebraska
- •Florida
- •Bank credit
- •Тексти для самостійного читання у і семестрі3
- •Types and forms of business organization
- •Why are companies referred to as ltd., inc., gmbh, or s.A.?
- •The strategy of a company
- •Financial forecasting
- •Careers in finance
- •What is accounting?
- •Financial accounting
- •Business documents
- •Main streets store, inc
- •Main street store, inc Statement of Cash Flows For the Year Ended August 31, 20 XX
- •The ассоunt
- •Title of account Debit | Credit
- •Types of account
- •Тексти для самостійного читання у іі семестрі4
- •Classical economics
- •Keynesian economics (Part I)
- •Keynesian economics (Part II)
- •The importance of the rate of monetary growth
- •The basic propositions of monetarism (Part I)
- •The basic propositions of monetarism (Part II)
- •The monetary rule
- •The decline of monetarism
- •Supply-side economics (Part I)
- •(Part II) The Saving and Investment Effect
- •Supply - side economics (Part III) The Elimination of Productive Market Exchanges
- •Rational expectations theory
- •Government finance
- •Government Growth: Purchases and Transfers
- •Tax rates
- •Taxation
- •Types of taxes
- •Sources of federal revenue
- •Sources of State and Local Revenue
- •Tapescripts
- •Glossary
- •Indirect costs
- •Investment
Treasurer
Controller
Cash manager
Credit manager
Tax manager
Cost Accounting Manager
Capital Expenditures
Financial Planning
Financial Accounting Manager
Data Processing ManagerVice – President for Finance
a) treasurer |
b) controller |
c) cash manager |
d) cost accounting manager |
e) credit manager |
f) financial accounting manager |
g) data processing manager h) tax manager |
1) regulates the flow of cash; |
2) supervises the issues of tax payments; |
3) manages credit issues; |
4) is responsible for financial planning and planning capital expenditure; |
5) processes all financial information concerning the firm |
6) supervises cost accounting; |
7) supervises financial accounting; |
8) is in charge of controlling expenditure. |
Vocabulary
Use your dictionary to look up any new words.
Write the following words in the correct column.
financial task (2) include development application monitoring creating evaluating credit (2) investing excess cash (2) acquiring issuing additional spinning-off interpret report (2) improve data optimally effective finance (2) similarly need (2) understand like (3) remember critical expect survive essential (2) challenge (2) face (2) entire (2) function (2) greatly. |
Nouns (23) |
Verbs (17) |
Adjectives (7) |
Adverbs (3) |
|
|
financial |
|
Combine a word in A with a word in B to form a suitable noun phrase
E.g. financial manager
A B
financial (3) 1) cash
business 2) management (2)
credit 3) accountant
excess 4) activity
cash 5) challenge
equity 6) business
top 7) manager
good 8) securities
small 9) statement
10) careful 10) life
11) essential 11) strength
12) entire 12) balance
13) accounting 13) policy
14) matters
Reading
Read text 6 and think of the suitable title.
TEXT 6
The financial manager’s task include the development, application, and monitoring of policies and decisions regarding such business activities as:
Creating and evaluating credit policies for customers
Investing excess cash balances
Acquiring another company
Issuing additional equity securities
Spinning-off a subsidiary
A financial manager for a business is the doctor who interprets the report and makes recommendations to the patient regarding changes that would improve health. Financial managers use the data prepared by the accountants and make recommendations to top management regarding strategies for improving the financial strength of the firm.
A manager cannot be optimally effective at finance without understanding accounting. Similarly, a good accountant needs to understand finance. Accounting and finance, finance and accounting – the two go together like bread and butter.
As you may remember, financing a small business is a difficult but critical function if a firm expects to survive those important first five years. The simple reality is, the need for careful financial management is an essential ongoing challenge a business of any size must face throughout its entire life.
All financial managers functions depend greatly on the information provided by the accounting statements such as:
(funds management) |
(credit management)
|
Comprehension check.
Here are some answers about financial manager’s work. Write the questions.
What ___________________________________________________________?
The major task of financial manager is the development, application and monitoring of policies and decisions of a business.
Who ____________________________________________________________?
Accountants collect and choose data for financial managers.
Whom ___________________________________________________________?
Financial managers suggest the top management ways of improving the financial standing of the firm.
In what case ______________________________________________________?
Without understanding accounting a manager cannot be effective at finance.
What ____________________________________________________________?
Accounting statements.
Role – play
Work in pairs.
Imagine that you are a human resource manager who selects employees to fill vacancies of:
a finance manager
a treasurer
a controller
Tell them about your company. Ask them about their education, business experience and professional qualification. Also have a talk with candidates about their official duties.