3. Fill in the blanks with proper words and phrases from the box:

Forecast, run out of, financial status, cash flow, financial manager, outflows, financial plan.

1. Most businesses employ …. to handle financial matters of the company.

2. …. Is essentially for a company’s ability to earn cash.

3. When sales begin to rise, companies often …. working capital.

4. If your company is in need of cash, it should reduce …. .

5. Actually …. Includes not only timing but also the amount, sources and uses of funds.

6. …. Of a business is usually reviewed at the and of each year.

7. To …. The amount of money coming into and going out of a firm, a financial manager must develop the cash flow statement.

4. Answer the following questions.

1. What institution handled the financing for a company in the past?

2. Who works to negotiate terms of financial transactions between the business and the bank today?

3. Who develops and controls the financial plan? What does it include?

4. What does the financial manager’s work start and end with?

5. What helps the manager to predict cash flow?

6. Why does the financial manager compare the expenses involved to the expected revenues?

7. What is available cash?

8. What happens to the company if cash outflow exceeds cash inflow?

9. What measures does the financial manager take to reduce outflows?

10. What are the major financing techniques?

11. What does the work of financial manager consist in ay the end of the fiscal year?

5. Ask questions to give the following answers:

1. Q. …………………?

A. It begins with creation of a financial plan.

2. Q. …………………?

   1. He forecasts not only the economic conditions, but the company’s

revenues, expenses and profits

3. Q. ………………….?

   1. Available cash does.

4. Q. ………………….?

   1. A strategy to make the ending cash positive.

5. Q. ………………….?

   1. At the end of fiscal year.

6. Match verbs and nouns as they occur in the text and translate them into Ukrainian.

to establish to forecast to handle to review to trim to negotiate to choose

the funding company’s objectives terms of financial transactions financing financing techniques relations with a local bank expenses

7. Translate into English.

1. Фінансовий менеджер повинен приділяти особливу увагу економічним умовам в країні при складанні фінансового плану.

2. Одним із завдань фінансового менеджера підприємства є встановлення ділових стосунків з місцевим банком.

3. Порівняння залучених витрат з очікуваним прибутком допомагає фінансовому менеджеру передбачити надходження грошових коштів.

4. Наявні грошові кошти включають грошові кошти на початку звітного періоду плюс платежі від клієнтів та фонди від фінансування.

5. Якщо в компанії закінчились гроші, це означає, що надходження грошових коштів перевищує витрачання грошових коштів.