I. For each word or sentence choose the correct definition:

2. Single the functional elements of managing of the finance:

1. planning;

2. crediting;

3. operative managing;

4. control;

5. selection a kind of a financial mechanism

3. Choose correct statements:

1. finances of the enterprises are the basis of the financial system;

2. financial system doesn’t have single sources of all its links;

3. the finances of the economic entities include financial resources of the state and collective subjects;

4. financiers perform two functions: distributing and controlling;

5. financiers allocate not only one conception in regard to the “work”, what finance do.

4. The directions of the activities, which define the long-term perspective of using the finance, are:

1. financial managing tactics;

2. organization of the financial relations;

3. financial managing strategy;

4. financial instruments.

5. Financial control includes:

2. control of the observance of the financial and economic legislation;

3. estimation of the effectiveness of financial and economic operations;

4. delegation of the liability over special sectors of finance work;

5. estimation of the expenses;

6. making financial strategy.

II. Match what statements are true and what are false. Results write to the table:

1. Financial managers are primarily concerned only with the management of fixed assets.

2. Balance sheet and the income statement are the main financial statements.

3. Fixed assets are assets purchased for use in the business on an unsteady basis.

4. Current assets are known as liquid assets.

5. Single financial ratio can answer all questions analysts may have.

6. The part of the resources of a firm which supplied by its shareholders is the owners’ equity.

Table

	1	2	3	4	5	6
True
False

III. Fill the tables:

a)

b)

c )

 Unit 11

Accounting

 І. READING

1. Stress the first syllable:

capture, processing, record, profit, equal, debit, credit, statement, separate, principle, operating, balance, separate, quarterly.

2. Stress the second syllable:

accounting, significant, commitments, equation, accrual, determine, extent, direction, transaction, assumption, income, account, important, disseminate.

3. Stress the third syllable:

calculation, managerial, information, economic

4. Read the text: