5. Change the verb groups into corresponding noun groups

Model: to reduce costs – cost reduction

to manage finance – finance management

1. to repay the borrowed money

2. to perform data analysis

3. to produce computers

4. to collect debts

5. to prepare financial reports

6. to acquire new assets

7. to supervise investment

8. to reduce risks and losses

9. to forecast future cash flow

10. to develop financial strategies

6. Translate into Russian paying attention to the forms of comparison

1. Company owners seek a return: more cash is better than cash received later.

2. Greater liquidity results in lower profitability, and vice versa.

3. Inventory is the least liquid of current assets.

4. Owners would prefer to get their money back if they could earn a better return at the same risk, or the same return at less risk.

5. The larger the scale of organization, the greater the volume of its output.

6. The lower the price, the more of product consumers can afford to buy.

7. The higher the market price of the firm, the easier it is for the firm to acquire other firms at attractive prices – or the better the price its owners will receive if it is acquired by some other company.

7. Translate into Russian sentences with noun groups. Pay attention to the elements detecting the beginning and the end of a group noun

1. A firm’s organizational structure defines the decision-making areas of each company officer.

2. Return may be represented as the difference between cash inflows and cash outflows during a given time period.

3. If the financial manager’s planned cash outflow exceeds cash inflow, it will be necessary to obtain funds from outside the business.

4. The market price of a firm’s common stock represents a reasonably accurate reflection of the information available about the future earning power of the business.

5. Because of the growing international involvement of business firms the financial manager must be capable of making sound financial planning, asset management and funds acquisition decisions in a multinational finance environment.

6. Three types of accounting and cash flow transactions take place during the period of operation.

7. A balance sheet statement indicating the financial position at the end of the period reflects the firm’s “new” stock of assets arising from the transaction flows during the period.

8. Formulate the definitions of the terms, choosing a proper information from the right column

1) Sales revenue 2) Cost of goods 3) Trading profit 4) Taxes 5) Expenses 6) Profit and Loss Account

a) money which people must pay to the government b) the income that a business receives as a result of selling its products c) cost of materials, production wages, other production costs of the goods sold during the accounting period d) money spent on rent, salaries, marketing expenses etc. e) the difference between the sales revenue and the cost of sold goods f) a statement that shows how much profit or loss the firm made during a given period of time