1.Paraphrase or explain the following word combinations:

• to do cash flow analysis;

• to acquire funds;

• to be in charge of financial operations;

• critical;

• accounts receivable.

2.Find in the text English equivalents to the following words and word combinations. Make the sentences of your own with these phrases.

• планування витрат;

• активи;

• управляючий фінансами компанії;

• управління готівкою;

• дебіторська заборгованість;

• товарно-матеріальні запаси;

• купівля товару в кредит;

• інкасація;

• безнадійні борги;

• прострочені платежі;

• кредитний резерв;

• облікова звітність;

• бюджетування;

• аудит;

• управління податками;

• поради керівникам вищої ланки;

• облік.

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

Financial plan, tax, accounts receivable, to invest, a loan, auditing, bad debts, to go bankrupt, financial officer.

1. …. is a revive and an evaluations of financial records by a second set of accountants.

2. We had a serious problem with …., and were forced to write off thousands of pounds of ….,when one of our customers …. And had to stop trading.

3. The government always tries to reduce …., before elections.

4. If you …. your money wisely, you will earn profit.

5. The major responsibility of …. is to acquire funds for the firm, manage and control them effectively.

6. …. is a fixed sum of money borrowed for a fixed period of time.

7. It is rather difficult for a firm to survive without a carefully calculated…..

4. Answer the following questions.

1. What are three finance functions essential to the firm’s overall operations and performance?

2. Why is a carefully calculated financial plan so important for a company?

3. Who is in charge of financial operations?

4. What is the fundamental task of a treasurer?

5. What does the charge of financial officer consist in?

6. What are other responsibilities of financial manager connected with the trade of merchandise?

7. What must the finance manager do to be sure that the company does not lose too much money to bad debts?

8. Why is collecting overdue payments particularly important to small and medium size businesses?

9. What financial manager functions depend greatly on the information provided by the accounting statements?

10. Can you prove that finance and accounting go together like bread and butter?

5. Say what is true and what is false. Correct the false sentences.

1. A financial plan helps the firm to survive.

2. The chief financial officer is known as an accountant.

3. The fundamental charge of the treasurer is to control money.

4. Collecting overdue payments is particularly critical to small and medium size businesses.

5. Only financial manager can be effective at finance without accounting.

6. Match verbal phrases prepositions and nouns as they occur in the text and translate them into Ukrainian.

to be responsible	of	the firm
to depend	for	collecting overdue payments
to have an impact	for	buyers
to be in charge	on	credit
to collect	within	financial operations
to buy	on	information
to acquire funds	from	survival
to have a chance	on	the firm
to manage funds	for	profits