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электронная версия метод по финансам ур 12-21.doc
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11. Find and read sentences explaining the title of the text.

12. Find in the text sentences expressing such ideas.

  1. Financial manager plays a very important role in business.

  2. Financial manager has to work with financial statements.

  3. Balance sheet includes three major components.

  4. Fixed capital and working capital are not the same things.

  5. Any firm has a person who performs the financial functions.

13. Checking facts and ideas using such expressions: Exactly; Right you are; I agree with you; That goes without saying; There’s no denying it; No doubt whatever; I can’t agree with you; I’m against it; You are mistaken; Hardly.

  1. Capital is the money from shareholders and lenders that can be invested in assets in order to start a business and produce profit.

  2. Work in process means partly finished goods in a manufacturing business or uncompleted contracts in a contracting business.

  3. Manager is a person employed to control and direct part or all of the work of the employees in a business, industrial concern or other organization.

  4. Managers have different resources at their disposal.

  5. Financial statements include the balance sheet and the liabilities of the enterprise.

  6. Long-term liabilities mean obligations usually repayable within the accounting period.

  7. Current liabilities mean obligations payable after the accounting period.

  8. Investment is an act of investing of funds in the securities of another company.

  9. Paid-up capital is the part of the profits of the shareholders which is not paid out to them as dividends but ploughed back in the business.

  10. Retained earnings are the initial amount of funds contributed by the shareholders.

  11. Liabilities are the second component of the income statement and they mean the debts owned by a business to its creditors or to its owners.

  12. Accounts payable are the amounts to be paid by a company for goods and services.

  13. Accounts receivable means money owned to a business by its clients for goods and services.

14. Find the definitions to the next terms: manager, current liabilities, retained earnings, paid-up capital, accounts payable, accounts receivable, capital, long-term liabilities, assets, fixed assets, fixed capital, working capital.

  1. …..is the capital which businessman can use for work in business.

  2. …..is a person who controls the work of the employees in a business and takes the decisions with reference to the objectives of the firm.

  3. ….is the sum of money which has to be received by firm from clients for goods and services.

  4. …..is the store of accumulated wealth contributed to the firm by its proprietors.

  5. …..mean obligations usually repayable within the accounting period.

  6. ….mean obligations payable after the accounting period.

  7. ….is the part of the profits of the shareholders which is not paid out to them as dividends but ploughed back in the business.

  8. …..are the initial amount of funds contributed by the shareholders.

  9. …. are the resources owned by the person or business that have some money value and can be used to pay debts, produce goods and make profit.

  10. …..are the amounts to be paid by a company for goods and services.

  11. …..are the main funds.

  12. …..are the main capital.