- •Курс английского языка для финансистов
- •Предисловие
- •Unit 1. Economic environment a. Text what is economics all about?
- •B. Dialogue business climate in russia
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the above questions, write several paragraphs on the following:
- •Reading practice
- •Unit 2. Public finance a. Text finance and financial system
- •B. Dialogue budget organization and budget process
- •Vocabulary list
- •Exercises
- •Discussion
- •A) The Budget Message of the Mayor
- •April 27, 1995
- •In order to get prepared for participation in the class discussion of these questions, write several paragraphs on the following:
- •Reading practice
- •Unit 3. Fiscal management a. Text financial policy. Fiscal sphere
- •B. Dialogue effective fiscal policy
- •Vocabulary list
- •Exercises
- •A) Financial Policy
- •B) Fiscal Policy in the uk
- •Discussion
- •A) Multiyear Budgeting
- •B) Types of Budget Classification
- •A) Fiscal Policy in Transition Economies: a Major Challenge
- •B) On Macro- and Microeconomics
- •In order to get prepared for participation in the discussion of the questions, write a short essay on the following:
- •Reading practice
- •Transition Economies Need to Reform Social Safety Nets
- •Unit 4. Central banking. Monetary policy a. Text central banking system
- •B. Dialogue banking system in russia
- •Vocabulary list
- •Exercises
- •Us Activities of Foreign Banking Organizations
- •Discussion
- •A) Is Monetary Policy Needed?
- •B) Payment Systems
- •In order to get prepared for participation in the class discussion of the questions, write a summary of the interview in Ex. 13. Follow the plan suggested below:
- •Reading pra ctice
- •Unit 5. Banking system a. Text commercial banks
- •B. Dialogue
- •Interview With a Bank Manager
- •Vocabulary list
- •Exercises
- •B) Bank Accounts
- •B) The Nature of Banking
- •Discussion
- •A) Bank Loans and Overdrafts
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Unit 6. Taxation a. Text what are taxes?
- •B. Dialogue taxation in russia
- •Vocabulary list
- •Exercises
- •What Is an Excise Duty?
- •Tax Reform in Developing Countries
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Unit 7. International monetary system a. Text
- •International monetary institutions
- •B. Dialogue
- •Imf's support for russian reforms
- •Vocabulary list
- •Exercises
- •International Monetary Fund
- •Your Partner ebrd
- •World Bank – International Bank for Reconstruction and Development (ibrd)
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Unit 8. Financial markets. The bond market a. Text trading in the bond market
- •B. Dialogue the bond market
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the above questions, write a short essay on the following:
- •Reading practice
- •Unit 9. Financial markets. The stock market a. Text stocks and markets
- •B. Dialogue the corporate securities market in russia
- •Vocabulary list
- •Exercises
- •Discussion
- •A) Bulls, Bears and Stags
- •B) Options and Short Selling
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •The New Issue Market
- •Unit 10. Investment activity a. Text
- •Investments
- •B. Dialogue
- •Investment climate
- •Vocabulary list
- •Exercises
- •Investment Companies
- •3 Food Giants Build Local Yogurt Plants
- •Discussion
- •B) Brazil Attracts Foreign Investors
- •C) Investment in the uk
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Investment Skill Is a Rare Commodity
- •Investment Trusts
- •Unit 11. Foreign exchange market. Global financial markets a. Text trading in the foreign exchange market
- •B. Dialogue cornerstone of the global financial market
- •Vocabulary list
- •Exercises
- •The Eurocurrency Market
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write several short paragraphs about:
- •Reading practice
- •Unit 12. Financial management a. Text finance function
- •B. Text financial ratios
- •C. Dialogue ratio analysis
- •Vocabulary list
- •Exercises
- •Discussion
- •A) Corporate Governance
- •B) Investment Management
- •A) Investment Decision Making
- •B) Investment Project Appraisal
- •In order to get prepared for participation in the class discussion of these questions, write a short paragraph on the following:
- •Reading practice
- •Unit 13. Accounting a. Text accounting principles and concepts
- •B. Dialogue accountancy in a free-market economy
- •C. Dialogue public and private accountants
- •Vocabulary list
- •Exercises
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short paragraph, explaining:
- •Reading practice
- •Balance Sheet
- •A. Balance sheet
- •Unit 14. Auditing a. Text performing an audit
- •B. Dialogue auditing in russia
- •Vocabulary list
- •Exercises
- •Ex. 4. Say in a few words what the main text is about. Use the opening phrases from
- •Sweden.
- •Independent Auditors' Report to the Board of Directors and Stockholders of_______Company
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write several paragraphs on the following:
- •Reading practice
- •Banking correspondence
- •Dictionary of key words
- •Contents
Contents
ПРЕДИСЛОВИЕ 2
UNIT 1. ECONOMIC ENVIRONMENT 4
A. TEXT 4
WHAT IS ECONOMICS ALL ABOUT? 4
B. DIALOGUE 4
BUSINESS CLIMATE IN RUSSIA 4
VOCABULARY LIST 6
EXERCISES 8
DISCUSSION 13
READING PRACTICE 16
UNIT 2. PUBLIC FINANCE 18
A. TEXT 18
FINANCE AND FINANCIAL SYSTEM 18
B. DIALOGUE 19
BUDGET ORGANIZATION AND BUDGET PROCESS 19
VOCABULARY LIST 20
EXERCISES 22
DISCUSSION 27
READING PRACTICE 31
UNIT 3. FISCAL MANAGEMENT 33
A. TEXT 33
FINANCIAL POLICY. FISCAL SPHERE 33
B. DIALOGUE 34
EFFECTIVE FISCAL POLICY 34
VOCABULARY LIST 35
EXERCISES 36
DISCUSSION 40
READING PRACTICE 45
UNIT 4. CENTRAL BANKING. MONETARY POLICY 48
A. TEXT 48
CENTRAL BANKING SYSTEM 48
B. DIALOGUE 49
BANKING SYSTEM IN RUSSIA 49
VOCABULARY LIST 50
EXERCISES 51
DISCUSSION 56
READING PRA CTICE 60
UNIT 5. BANKING SYSTEM 64
A. TEXT 64
COMMERCIAL BANKS 64
B. DIALOGUE 65
Interview With a Bank Manager 65
VOCABULARY LIST 66
EXERCISES 68
DISCUSSION 74
READING PRACTICE 78
UNIT 6. TAXATION 80
A. TEXT 80
WHAT ARE TAXES? 80
B. DIALOGUE 81
TAXATION IN RUSSIA 81
VOCABULARY LIST 82
EXERCISES 84
DISCUSSION 89
READING PRACTICE 92
UNIT 7. INTERNATIONAL MONETARY SYSTEM 94
A. TEXT 94
INTERNATIONAL MONETARY INSTITUTIONS 94
B. DIALOGUE 94
IMF'S SUPPORT FOR RUSSIAN REFORMS 94
VOCABULARY LIST 95
EXERCISES 96
DISCUSSION 102
READING PRACTICE 105
UNIT 8. FINANCIAL MARKETS. THE BOND MARKET 107
A. TEXT 107
TRADING IN THE BOND MARKET 107
B. DIALOGUE 108
THE BOND MARKET 108
VOCABULARY LIST 109
EXERCISES 110
DISCUSSION 115
READING PRACTICE 117
UNIT 9. FINANCIAL MARKETS. THE STOCK MARKET 119
A. TEXT 119
STOCKS AND MARKETS 119
B. DIALOGUE 120
THE CORPORATE SECURITIES MARKET IN RUSSIA 120
VOCABULARY LIST 121
EXERCISES 122
DISCUSSION 127
READING PRACTICE 131
UNIT 10. INVESTMENT ACTIVITY 133
A. TEXT 133
INVESTMENTS 133
B. DIALOGUE 134
INVESTMENT CLIMATE 134
VOCABULARY LIST 135
EXERCISES 135
DISCUSSION 140
READING PRACTICE 143
UNIT 11. FOREIGN EXCHANGE MARKET. GLOBAL FINANCIAL MARKETS 145
A. TEXT 145
TRADING IN THE FOREIGN EXCHANGE MARKET 145
B. DIALOGUE 145
CORNERSTONE OF THE GLOBAL FINANCIAL MARKET 145
VOCABULARY LIST 146
EXERCISES 147
DISCUSSION 152
READING PRACTICE 154
UNIT 12. FINANCIAL MANAGEMENT 156
A. TEXT 156
FINANCE FUNCTION 156
B. TEXT 157
FINANCIAL RATIOS 157
C. DIALOGUE 157
RATIO ANALYSIS 157
VOCABULARY LIST 158
EXERCISES 159
DISCUSSION 164
READING PRACTICE 168
UNIT 13. ACCOUNTING 169
A. TEXT 169
ACCOUNTING PRINCIPLES AND CONCEPTS 169
B. DIALOGUE 170
ACCOUNTANCY IN A FREE-MARKET ECONOMY 170
C. DIALOGUE 171
PUBLIC AND PRIVATE ACCOUNTANTS 171
VOCABULARY LIST 172
EXERCISES 173
DISCUSSION 178
READING PRACTICE 182
UNIT 14. AUDITING 187
A. TEXT 187
PERFORMING AN AUDIT 187
B. DIALOGUE 188
AUDITING IN RUSSIA 188
VOCABULARY LIST 189
EXERCISES 191
DISCUSSION 197
READING PRACTICE 200
BANKING CORRESPONDENCE 201
DICTIONARY OF KEY WORDS 211
Contents 232