- •Contents
- •Передмова
- •Financial system
- •Finance and financial system
- •II. Vocabulary exercises
- •Revenue sources and revenue-sharing arrangements in Ukraine:
- •A. Dialogue
- •1. Read and translate the dialogue in pairs:
- •Vocabulary list:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •Communicative situations
- •A) Supply the prepositions where necessary.
- •Budgetary policy
- •2. Read the text and name the facts from the text which are new to you: Treasury
- •3.Read the text and say what you know about the budget process in Ukraine:
- •III. Match what statements are true and what are false. Results write to the table:
- •Fiscal management
- •Financial policy. Fiscal sphere
- •A. Dialogue
- •Vocabulary list:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •Communicative situations
- •2.Express your attitude to the following:
- •3.Prepare a short talk on the following:
- •A) Supply the articles where necessary.
- •Financial Policy
- •A) Supply the articles where necessary.
- •Fiscal Policy in the uk
- •A) Fill each gap with a suitable word from the box.
- •A) Read and discuss the texts.
- •Write down five questions about each text.
- •A) Read and discuss the texts.
- •Say what you know about the use of multiyear budgeting and budget classification in Ukraine. Types of Budget Classification
- •A) Read the article quickly and underline the parts about the challenge the transition economies face and the constraints affecting the ability of the governments to meet the challenge.
- •I. Fill in each space with the appropriate words from a, b or c:
- •Taxation
- •What are taxes?
- •Column a
- •Tax system in Ukraine
- •A. Dialogue
- •1. Read and translate the dialogue in pairs: Taxation in Ukraine
- •Vocabulary:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •B. Communicative situations
- •4. Make a short essay on the following:
- •A) Supply the articles where necessary.
- •A) Supply prepositions where necessary.
- •What Is an Excise Duty?
- •Open the brackets putting the verbs in the correct form: Tax Reform in Developing Countries
- •Read the text below carefully and underline the parts of it giving basic ideas about the desired features of a tax system. Tax System Design
- •I. Mark the correct answers on the following questions:
- •II.Fill the tables:
- •III. Match what statements are true and what are false. Results write to the table:
- •Central banking system
- •A. Dialogue
- •1. Read and translate the dialogue in pairs: Banking system in Ukraine
- •Vocabulary:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •1. A) Supply the articles where necessary.
- •Credit Policy
- •A) Supply the prepositions where necessary.
- •3.A) Open the brackets, putting the verbs in the correct form.
- •The Bank of England
- •Fill each gap with a suitable word from the box. Sum up the text in 5-7 sentences. Present your summary in class.
- •Us Activities of Foreign Banking Organizations
- •A) Read and discuss the text.
- •Is Monetary Policy Needed?
- •A) Read and discuss the text.
- •Payment Systems
- •I. For each word or sentence choose the correct definition:
- •II.Match what statements are true and what are false. Results write to the table:
- •Banking system
- •Commercial banks
- •6To transact stock and share business – укладати угоди із цінними паперами
- •Column b
- •A. Dialogue
- •Vocabulary:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •3.Make up a dialogue on the following:
- •B. Communicative situations
- •Make a short essay on the following:
- •1. A) Supply the articles where necessary.
- •2. A) Supply the articles where necessary.
- •Bank Accounts
- •3.A) Supply the prepositions where necessary.
- •The Nature of Banking
- •4. A) Open the brackets putting the verbs in the correct form.
- •5.Look through the text and name the facts which are new to you.
- •Choose the word which best completes each sentence:
- •II.Match what statements are true and what are false. Results write to the table:
- •International monetary system
- •International monetary institutions
- •A. Dialogue
- •Imf’s support for ukrainian reforms
- •1. Read and translate the dialogue in pairs:
- •Vocabulary:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •3. Make up a dialogue on the following:
- •B. Communicative situations
- •A) Supply the articles where necessary.
- •International Monetary Fund
- •2.A) Supply the prepositions where necessary.
- •Your Partner ebrd
- •3. A) Fill each gap with a suitable word from the box.
- •Imbalances pur World Bank – International Bank for Reconstruction and Development (ibrd)
- •Match what statements are true and what are false. Results write to the table:
- •II. Fill the tables:
- •Foreign exchange market. Global financial markets
- •Trading in the foreign exchange market
- •A. Dialogue
- •1. Read and translate the dialogue in pairs: cornerstone of the global financial market
- •Vocabulary
- •2.Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •Communicative situations
- •Global Financial Markets
- •2. A) Fill each gap with a suitable word from the box.
- •The Eurocurrency Market
- •3.Read the text quickly to find the types of most widely used swaps: Foreign Exchange Swaps
- •4. Read the text quickly to find answers to the following questions:
- •Foreign Exchange Options
- •Choose the correct answer:
- •Match what statements are true and what are false. Results write to the table:
- •Financial markets. The stock market
- •Stock markets
- •A. Dialogue
- •The corporate securities market in ukraine
- •Vocabulary
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out.
- •B. Communicative situations
- •2.A) Supply the prepositions where necessary.
- •Equity Market
- •3.A) Open the brackets putting the verbs in the correct form.
- •4. A) Fill each gap with a suitable word from the box below.
- •The New York Stock Exchange
- •5. A) Read the text below quickly and name organizations involved in the issues.
- •The New Issue Market
- •I. Choose the correct answer:
- •II.Match what statements are true and what are false. Results write to the table:
- •III.Fill the tables:
- •Financial markets. The bond market
- •Trading in the bond market
- •A. Dialogue
- •Vocabulary
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •3.Make up a dialogue on the following:
- •B. Communicative situations
- •You have an exam. The question is: “What is the difference between debt and equity market?”
- •Prepare a short talk on the following:
- •1. A) Supply the articles where necessary.
- •The Eurobond Market
- •2. A) Supply the prepositions where necessary.
- •3. A) Read the text.
- •4. A) Look through the text below to say what types of securities are described in it.
- •Us Government Securities
- •I.Choose the correct answer:
- •II. Match what statements are true and what are false. Results write to the table:
- •III. Fill the tables:
- •Financial management
- •Financial function
- •Financial ratios
- •A. Dialogue
- •Ratio analysis
- •Vocabulary list:
- •Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •1. A) Supply the articles where necessary.
- •A) Read the text.
- •Corporate Governance
- •3. Read the text and say how investment risks can be reduced:
- •Investment Management
- •4. A) Supply the prepositions where necessary.
- •Financial Capital
- •5. A) Fill each gap with a suitable word from the box.
- •I. For each word or sentence choose the correct definition:
- •II. Match what statements are true and what are false. Results write to the table:
- •Accounting
- •Accounting principles and concepts
- •Book-keeping:
- •The double-entry bookkeeping:
- •A. Dialogue
- •1. Read and translate the dialogue in pairs: accountancy in a free-market economy
- •Vocabulary list:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •3. Speak about the work of public accountants, private accountants, and accountants who work for units of the government and non-for-profit firms. B. Communicative situations
- •1. A) Supply the prepositions where necessary.
- •2. A) Read the text and single out the main facts and present them in a short review.
- •Read the text that follows to find the answers to the following questions:
- •Financial Statements And Their Elements
- •Balance sheet
- •Liabilities
- •Revenues
- •Expenses
- •Gains and losses
- •Choose the correct answer:
- •II. Match what statements are true and what are false. Results write to the table:
- •Auditing
- •Performing an audit
- •Audit strategy:
- •Audit risk:
- •A. Dialogue
- •1. Read and translate the dialogue in pairs: auditing in ukraine
- •Vocabulary:
- •2. Read the dialogue, translate the Ukrainian remarks into English and act it out:
- •3.Make up dialogues on the following:
- •B. Communicative situations
- •Discuss with your friends:
- •1. A) Read the texts and do the tasks that follow.
- •2.A) Supply the prepositions where necessary.
- •Auditors’ Report
- •3.A) Open the brackets putting the verbs in the correct form.
- •Misuse of Public Funds
- •4.A) Supply the articles where necessary.
- •Fill in each space with the appropriate words from a, b or c:
- •II. Which is correct:
- •III. Match what statements are true and what are false. Results write to the table:
- •IV. Fill the tables:
- •Glossary
- •Phraseology of reports and speeches coherent and generalization phrases
- •Phrases that are used in admission expressions
- •Nouns: common and possessive case
- •Count and noncount nouns
- •Some common noncount nouns
- •Using nouns as modifiers
- •The indefenite aricle
- •The definite article
- •No article
- •Personal pronouns
- •Possessive pronouns
- •Reflexive pronouns
- •Indefinite pronouns
- •Quantitive pronouns
- •Demonstrative pronouns
- •Degrees of comparison of adectives and adverbs
- •Numerals
- •The functions of the verb «to be»
- •The functions of the verb «to have»
- •The functions of the verb «to do»
- •General questions
- •Tag questions
- •Question words when
- •More questions with how
- •Modal verbs can; could to be able to
- •May; might
- •Must; be to; have to; have got to
- •Should; ought to
- •Will; would
- •Indefinite pronoun «one»
- •The pronouns «both, either and neither»
- •Senquence of tenses
- •The infinitive
- •The prepositional infinitive complex
- •The objective infinitivecomplex
- •The subjective infinitive complex
- •The participle
- •Complexes with the participle the objective participle complex
- •The subjective participle complex
- •The gerund. Forms and functions
- •The gerundal complex
- •Conditional sentenses
- •Irregular verbs
- •Reference list
II. Vocabulary exercises
Ex.1. Find equivalents:
intermediary
revenue(s)
market-oriented economy
financial flows
extrabudgetary and reserve funds
insurance company
borrower
autonomous budget
financial system
network of institutions
local benefit
saver
pension fund
fundamental step
the implementation of social policy
фінансова система
вкладник
місцева вигода
пенсійний фонд
основний крок
посередник
мережа закладів
фінансові потоки
державні прибутки
автономний бюджет
позичальник
страхова компанія
здійснення соціальної
політики
економіка, що орієнтована
на ринок
позабюджетні та резервні
фонди
Ex.2. Enter correct correspondences in English or in Ukrainian:
ENGLISH |
UKRAINIAN |
public finance |
|
|
фінансові заклади |
monetary relations |
|
thrift institution |
|
|
ощадний заклад |
government authorities |
|
|
в більшій мірі |
|
фінансові потоки |
|
розумне планування |
fiscal year |
|
maintenance of stable macroeconomic environment |
|
|
основний крок |
|
підготовка бюджету |
planning of recurrent and capital expenditure |
|
|
автономний бюджет |
accurate forecast |
|
determination of the overall deficit |
|
|
макроекономічний вплив |
Ex.3. Find English equivalents for the following Ukrainian phrases:
надання фінансових засобів; система грошових відносин; утворення, розподіл, використання грошових засобів; обіг між економічними суб’єктами; бути пов’язаними фінансовими посередниками; включати дві основні частини; бути витраченим державними та місцевими органами влади; контроль за окремими секторами економіки; стимулювання зростання економіки; засіб для досягнення національних цінностей та цілей; призначення та розподіл ресурсів; підтримання стабільної макроекономічної ситуації; оцінка державного доходу та витрат на наступний фінансовий рік; витрати перевищують прибутки; прогнозування витрат та прибутків; процес підготовки бюджету; планування поточних та капітальних витрат; потребувати точного прогнозу; очікуваний загальний дефіцит; макроекономічний вплив; центральний координуючий орган; відповідати за складання та представлення бюджету.
Ex.4. Fill in the blanks with prepositions, pronouns or conjunctions if necessary:
The financial system is the network … institutions … which firms, households … units … government get the funds they need … put surplus funds to work.
Savers … borrowers are connected … financial intermediaries
Finance … an economic system comprises two parts: public finance … finance … economic entities.
Public finance is the provision … money to be spent … national … local government authorities … projects … national … local benefit.
The budget is the most important tool … achieving national priority … goals … the allocation … distribution … resources.
The budget is an estimate … national revenue … expenditure … the ensuing fiscal year.
Revenue … expenditure forecasting is the most fundamental step … the process … budget preparation.
Adequate planning … recurrent … capital expenditure depends critically … an accurate forecast … revenue availability.
An accurate revenue forecast is most critical … the national level … government.
Ex.5. Fill in the blanks below with the appropriate terms from the list:
term; budget; budget preparation; fiscal year;
revenue; formation; economic system;
economic entities; financial institutions; financial intermediaries;
expenditure; distribution
The finance is a system of monetary relations leading to ______,use and _____ of money.
Savers and borrowers are connected by_______.
Finance in an ______comprises two parts: public finance and finance of ________.
Public finance is a collective _______for the financial flows and also the ______of the public sector.
_______ is the major instrument of any financial system .
The budget is an estimate of national ________ and expenditure for the ensuing _______.
Revenue and ______ forecasting is the most fundamental step in the process of _______.
Ex.6. Complete the following sentences:
Finance is the provision of … .
Finance is a system of … .
Finance in an economic system comprises … parts: … .
The budget is the most important tool for … .
The budget is an estimate of … .
The budget has a deficit when … .
In Ukraine, public finance is a sum … .
The Ministry of Finance (MoF) is … .
Ex.7. Match each term in Column A with its definition in Column B:
Column A
Budget
Public finance
Financier
Thrift institution
Fiscal policy
Financial year
Financial institution
Column B
a savings bank or savings and loan institution;
any organization that collects funds from individuals,
organizations or government agencies;
a plan of income and expenditure for a particular period of time;
the use of government spending to influence macroeconomic
conditions;
raising money for goods and services provided by the government and
local authorities;
the period used by companies and governments for accounting and tax
purposes;
a person who finances a business deal or venture
Ex.8. Answer the following questions:
What is finance?
What is a financial system?
What are savers and borrowers connected by?
What part does finance comprise?
What is public finance?
Name the main functions of public finance.
What is a country’s budget?
When the budget has a deficit?
What does the process of budget preparation include?
What is a public budget in Ukraine?
What is the central coordinating institution in compiling the budget?
Ex.9. Translate into English:
Фінанси – це система грошових відносин щодо формування, розподілу та використання коштів у процесі їхнього обігу між економічними суб’єктами.
Фінансова система – мережа закладів, через які фірми, домогосподарства та державні організації отримують засоби, яких вони потребують.
Зв’язок між вкладниками та позичальниками встановлюють фінансові посередники.
Фінанси складаються із державних фінансів та фінансів економічних суб’єктів.
Державні фінанси – це загальний термін для визначення фінансових потоків та фінансових закладів у державному секторі.
Підтримання та контроль окремих секторів економіки – це одне із завдань державних фінансів.
Бюджет – це один із найважливіших засобів для досягнення національних цілей та пріоритетів.
Прогнозування доходів та витрат є одним із найважливіших етапів у процесі підготовки бюджету.
У країні існує дефіцит, коли витрати перевищують доходи.
Міністерство фінансів є центральним координуючим закладом у складанні та представленні бюджету.
Ex 10. Write several paragraphs on the following using given words and word combinations:
finance and financial system:
monetary relations, formation, turnover, network of institutions, surplus funds, financial intermediaries, to comprise, public, economic entities, functions.
a budget as a major instrument of a financial system:
to achieve priorities, to allocate, to distribute resources, revenue, expenditure, to exceed, to prepare, to forecast, macroeconomic impact.
budget organization and budget preparation in Ukraine:
national, local, to approve, consolidated, source of revenue, expenditure responsibilities, autonomy.