Unit 16. Financial Flow
Lead
in: financial
management
Vocabulary:
key
terms
Reading: payments
Speaking: payment
methods
Grammar: pronouns,
determiners
Case
Study: social
problems
Translation: key
terms
Writing: financial
cycle, essay
Culture: Japan
and the West
Lead
in
Answer the
questions. Discuss your answers with other students.
What is
finance? Define business finance.
Define the
types of finance.
Discuss
objectives of financial management in logistics.
Discuss the
role of a financial manager in a company.
Explain the
importance of financial management.
Define the
various sources of financing.
Discuss their advantages and disadvantages.
Give a
real-life example of the financial management cycle in any
firm/company, defining and describing actions taken at particular
stages.
Vocabulary
These
are the terms for you to learn.
Make
sentences with them.
Translate
them.
bill
of landing (B/L)
|
consignor
|
prior
to
|
take
out
|
documents
against payment (D/P)
|
receipt
of shipment
|
indicate
|
irrevocable
|
ex
works (EXW)
|
discrepancy
|
state
|
solvent
|
ex
works Hannover / Germany
|
amended
invoice
|
identify
|
debit
|
delivery
ex works
|
customs
invoice
|
list
|
with
regard to
|
ex
works prices
|
export
license
|
car
that lists for $12,000
|
open
account facilities
|
on
an ex works basis
|
pro
forma invoice
|
HTS
- Harmonized Tariff Schedule
|
opening
bank
|
cost,
insurance, freight (CIF)
|
consular
invoice
|
BTN
|
payload
statement
|
air
waybill (AWB)
|
packing
list
|
open
account
|
acknowledgement
|
international
money order (IMO)
|
bill
of exchange ( B/E)
|
advanced
payments
|
remittance
|
to
issue [to open] a letter of credit
|
letter
of credit L/C
|
remit
|
draw
|
certificate
of origin
|
commercial
invoice
|
specify
|
to
acknowledge
|
2. Match terms 1- 10 with definitions a- j:
Bill
of landing
|
a
document which is used for certification that the products
exported are wholly obtained, produced or manufactured in a
particular Country. It is generally an integral part of export
documents.
|
Documents
against payment
|
a
document issued by a financial institution, or a similar party,
assuring payment to a seller of goods and/or services provided
certain documents have been presented to the bank.
|
Harmonized
Tariff Schedule
|
a
shipping
document that
accompanies delivery
packages, usually inside an attached shipping pouch or inside
the package itself. It commonly includes an itemized detail of
the package contents and does not include customer pricing.
|
Certificate
of Origin
|
The
person sending a shipment to be delivered whether by land, sea or
air.
|
Air
Waybill
|
a
receipt from shipping company regarding the number of packages
with a particular weight and markings and a contract for the
transportation of same to a port of destination mentioned
therein.
|
Letter
of credit
|
a
document indicating that a government
has granted a company the right to export
specified goods
to specified countries.
|
Packing
list
|
A
payment
order for a pre-specified amount of money.
As it is required that the funds are prepaid for the amount shown
on it, it is a more trusted method of payment than a cheque.
|
Consignor
|
The
primary resource for determining tariff classifications for goods
imported into the United
States.
|
International
money order
|
It
refers to a receipt issued by an international airline for goods
and an evidence of the contract
of carriage, but it is not a document
of title to the goods.
|
Export
license
|
an
arrangement
under which an exporter
instructs
the presenting
bank
to hand over shipping
and title
documents
to the importer
only if the importer fully pays
the accompanying bill
of exchange or
draft.
|
