Додаткова література
Date: 2015-10-07; view: 304.
Task 7. There are many buzzwords in financial English. To understand your English speaking partner and negotiate successfully you should know many of them. Read the meaning of some buzzwords. Make up your own dialogs with each of them.
Task 6. Learn the following acronyms and make up a sentence or a short dialog with each of them.
ASAP : As Soon As Possible
EBIT : Earnings Before Interests and Taxes; Shows the result of the company before Interest expenditures and Income Taxes. It differs from...
EBITDA : Earnings Before Interests, Taxes, Depreciation and Amortization; ...that gives a more precise idea of final result (earnings or loss). It takes into account these two aspects of business in addition.
BOY : Beginning Of the Year; Generally January, but in any case is considered the beginning of the financial year (for statements purpose).
EOY : End Of the Year; Generally December, but in any case is considered the end of the financial year (for statements purpose).
YTD : Year To Date; term generally used to indicate all the expenses a firm incurred in during a year (P&L)
R/E : Rate of Exchange (also called FX exchange)
CFO: This is the senior manager who is responsible for overseeing the financial activities of an entire company. This includes signing checks, monitoring cash flow, and financial planning. The CFO is similar to a treasurer or controller.
1. What Does A Ton Of Money Mean?
A slang term used to describe a significant amount of money. The amount implied typically depends on the person, company or situation.
We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million! If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630.
2. What Does 3-6-3 Rule Mean?
Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic. The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors.
Many attribute the problems faced by the banking industry during the events that led up to the Great Depression as reasons why the government implemented tighter banking regulations. These regulations controlled the rates at which banks can lend and borrow money. Unfortunately, the regulations made it difficult for banks to compete with each other and the banking industry became stagnant.
However, with the loosening of banking regulations and the widespread adoption of information technology such as the internet, banks now operate in a much more competitive and complex manner. For example, banks are now providing insurance, brokerage and other forms of financial services.
3. What Does In The Pink Mean?
An informal expression used to describe a situation in which an investor or an economy is in a good financial position. More generally, it refers to being in the best of health or condition.
Blue chip stocks and healthy economies are examples of in-the-pink (or rosy) financial positions.
4. What Does IOU Mean?
An abbreviation of the phrase "I owe you."
An IOU in the business community is actually a legally binding agreement between a borrower and a lender. The terms of the loan are set out in a contract, and, once it's signed, the two parties must abide by the terms of the contract or face legal repercussions. For example, when a corporation issues bonds, it is in essence issuing an IOU to bondholders. The IOU or bond contract sets out the terms, including the principal that will be owed, the interest that will be paid, and the time at which these payments will occur.
5. What Does Bank of England - BoE Mean?
The Bank of England is the central bank for the United Kingdom. It has a wide range of responsibilities, similar to those of most central banks around the world. For example, it acts as the government's bank and the lender of last resort, it issues currency and, most importantly, it oversees monetary policy.
Sometimes known as "the Old Lady of Threadneedle Street", (which refers to the bank's location; The Bank of England is located in the middle of the city of London on Threadneedle Street) the BoE is the UK's equivalent of the Federal Reserve in the United States.
One interesting fact about the BoE is that it has been responsible for setting the UK's official interest rate only since 1997.
Базові підручники
1. Осадча Т.Ю. Англійська мова для студентів спеціальності „Маркетинг”: Навчальній посібник. – Луганськ: Альма-матер, 2010. – 280 с.
2. Камянова Т. Практический курс английского языка. / Татьяна Камянова. – М.: Издательство “Дом славянской книги”, 2005 . - 384 с.
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4. Осадча Т. Ю. Англійська мова для студентів спеціальності «Прикладна статистика» : навч. посіб. / Т. Ю. Осадча ; Держ. закл. «Луган. нац. ун-т імені Тараса Шевченка» — Луганськ : Вид-во ДЗ «ЛНУ імені Тараса Шевченка», 2010. – 154 с.
5. .Osadcha T. Yu. Sergeeva V. E. “Finance and Business across cultures”: Manual for Studying the Course “English for Specific Purposes” for Students of the Speciality “Finance” / T. Yu. Оsadcha, V. E. Sergeeva; State Institution “Luhansk Taras Shevchenko National University”.— Luhansk : Luhansk Taras Shevchenko National University Press, 2012. – 238 p.
6. Guy Brook-Hart ‘Business Benchmark' Upper-Intermediate / Advanced, Cambridge University Press, 2010
1. Paul Emmerson ‘Business Grammar Builder', Macmillan, 2008
2. Sue Robbins ‘Business Vocabulary in Practice', Harper Collins Publishers,2008
3. Flinders S. ‘Test your professional English Business General', Longman Press, 2008
4. Erica J Williams ‘Presentations in English', Macmillan Education, 2008
5. John Allison, Paul Emmerson ‘The Business' Upper-Intermediate DVD-ROM, Macmillan, 2009
6. Rawdon Wyatt ‘Business and Administration', A&C Black, 2008
7. Ed Swick ‘English Sentence Builder', McGrawHill, 2009
8. Paul Emmerson, Nick Hamilton ‘Five-Minute Activities for Business English' University, 2009
9. Paul Bodine ‘Perfect phrases for letters of recommendation', McGrawHill, 2009
10. Ron Fry ‘101 Great Resumes', Course Technology, 2009
11. Mark Powell ‘In company' Upper Intermediate, Second Edition, Macmillan, 2009
12. Amos Julie-Ann ‘Pass that job interview', United Kingdom, 2009
13. Whiteling Ian ‘Start Your Own Business', Crimson Publishing, 2010
14. ‘Practice Tests ВЕС-Vantage'/ Past Papers, или ‘Practice Tests ВЕС-Higher'/ Past Papers, различных издательств (Cambridge University Press, Oxford, Macmillan)
Рекомендації по використанню Інтернет-ресурсів та інших електронних інформаційних джерел:
www.english.ua
www.better-english.com
www.businessenglish.com
www.businessenglishonline.net
www.businessenglishsite.com
www.businessenglishlexis.site
www.businessweek.com
Викладач: доцент Стрельцова Вікторія Юріївна
E-mail: EkaterinaDashkova25@gmail.com
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