Variant 12.

WHAT IS FINANCE?

Finance is the function in a business that acquires funds for the firm and manages funds within the firm (for example, preparing budgets, doing cash flow analysis, and planning for the expenditure of funds on such assets as plant, equipment and machinery). As you can see, without a carefully calculated financial plan, the firm has little chance for survival regardless of its product or marketing effectiveness. Most organizations will have a manager in charge of financial operations. Generally, this chief financial officer is known as the treasurer or vice president of finance. The fundamental

charge is to obtain money and then plan, use, and control money effectively. That includes managing cash, accounts receivable and inventory. When a company's cash is invested it may have a major impact on profits.

You are probably familiar with several finance functions such as buying merchandise on credit and collecting payment from buyers of the firm's merchandise. Both credit and collections are important responsibilities of financial managers. The finance manager must also be sure that the company does not lose too much money to bad debts (people or firms that don't pay). Naturally, this means that finance is further responsible for collecting overdue payments. These functions are critical to all types of businesses, but particularly important to small and medium size businesses, which typically have smaller cash or credit cushions than large corporations.

Taxes represent an outflow of cash from the business and must be paid. Therefore, they too fell under the scrutiny of finance. As tax laws and tax liabilities have changed, finance people have taken on the increasingly important responsibility of tax management. Tax management is the analyzing of tax implications of various managerial decisionstins.

I. Прочитайте текст. Виконайте його письмовий переклад.

II. Випишить з тексту речення з присудком у пасивному

стані (Passive Voice). Вкажить час присудків.

3. Випишить з тексту речення з модальним дієсловом ,або його еквівалентом. Визначте його часову форму.

4. Випишить речення з дієприкметником минулого часу ( The Participle IІ). Вкажить їх функцію у реченні.

5. Випишить з тексту прикметники. Дайте їх усі ступені порівняння. Перекладіть прикметники.

6. Складіть усі 4 типa питань до даного речення:

Our aunt and uncle lived with their children last year.

3. Випишить у тексті займенники, визначте їх розряд та перекладіть .

4. Утворіть необхідні часові форми дієслів та виділіть присудки у даних реченнях , визначте час та стан :

1.You (to pass by) many towns last month.2.What University you (to enter) last year?3.Our parents (to give) us money for the books.4.My friend (not to buy) the new furniture.5.The talkative women (not to notice) the strange man next to them.6.Every time the doctor (to ask) the same questions.7.The child (not to like) to go to bed very early.8.The driver (to take ) the passengers to another stop in 10 minutes.9.What he (to speak) about?10.The girl (not to translate ) the text yesterday.

IX. Дайте відповіді на запитання:

l) What is finance ?

2) What is the fundamental charge?

3) What are the important responsibilities of financial managers ?

X. Випишить з тексту по 1 реченню з прийменниками. Визначте, до якої групи вони відносяться. Перекладіть.

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