THE ROLE OF FINANCE

UNIT 5 FINANCIAL
THE ROLE OF FINANCE
1. All companies to make money, they must first spend money
2. Revenue from sales of the firm’s products should be the chief source of funding
3. Financial Managers are the ones who keep track of how money is flowing into and out of the firm
4. Financial managers are the ones who decide how the available funds will be used, how much money is needed, and where to get it
5. Finacial management is the art and science og managing a firm’s money so it can meet the goals
6. Accountants main function is to collect and present financial data
7. Financial managers use financial statement prepared by accountants to make financial decision
8. Financial manager job is analyze finacial data prepared by accountant, and prepare and implement financial plans
9. The Chief Financial Officers (CFO) and their staffs coordinate information from such areas as marketing and production to develop and carry out financial strategies
10. In a small firm, the finance function may be handled by either the accounting departement or one or two people
11. The key activities of the financial managers are financial planning, investment, and financing
12. Budgets are a way to control expense and compare the actual performance to the forecast
13. The functions of budgets are to plan and control their future financial activities
14. Three types of budgets ; cash budgets, capital budgets and operating budgets

C.Exercise 1, page 58
1. B. Finacial manager
2. C. Budget
3. A. Cash budget
4. C. Financial manager
5. B. Budget

Exercise 2, page 58
1. Revenue = b. The main source of funding
2. Finance = n. Apparatus
3. Expectation = f. Hopes
4. Company = k. Firm
5. Job = m. Assignment
6. Expense = l. Cost
7. Function = e. Role
8. Division = o. Segment
9. Plan = g. Design
10. Equipment = d. Apparatus
11. Estimate = J. Approximate to some value more or less acuracy
12. Implement = i. Put into practice
13. Projection = h. The act of planning
14. Avalilable = c. Obtainable
15. Fund = a. Sum of money intended for special purpose

Exercise 3, page 59
1. False. All companies need money to meet the goals
2. True. Keeping track of cash inflow and outflow is the function of financial managers
3. True. Preparing and implementing finacial plans is one of the duties of financial managers
4. False. Financial forecast starts with the financial planning process within the firm
5. True. Budgets are formal written forecast of revenues and expenses
6. False. Cash budgets forecast outlays for fixed assets
7. True. Budgets guarantee that the firm will have enough fund to buy the equipment
8. False. Operating budgets forecast the firm’s cash inflows and outflows

Exercise 4, page 60
NOUN VERB
1. Equipment equip
2. Relation relate
3. Statement state
4. Preparation prepare
5. Coordination coordinate
6. Information inform
7. Development develop
8. Estimation estimate
9. Combination combinate
10. Consideration considerate

Exercise 5, page 60
1. Capital
2. Last
3. Primary
4. Acquire
5. External
6. Utilizes
7. Repaid
8. Expect

Exercise 1, page 66
1. The books from the library needs to be returned by Friday
2. The parents and the child often watch Disney movies
3. The phone that belongs to the two friends has finally run out of minutes
4. That pair of trousers looks good on you
5. Either Matilda or her brothers use the symphony tickets each week
6. The crowd were cheering wildly or Tom
7. The politics of this campaign seem very complicated
8. Everyone at the company’s headquarters knows the code to the safe
9. Gulliver’s Travels is one of my favorite books
10. Measles causes a good deal of itching

Exercise 2, page 66
1. B. Come
2. A. Is
3. B. Want
4. B. Is
5. B. Needs
6. A. Look
7. A. Hopes
8. B. Need
9. B. Are
10. B. Think

Grammar : Verb-Subject agreement worksheet 1, page 69
1. So many people are waiting outside
2. The office next door was closed all day yesterday
3. The print on the labels is so small
4. The carpet has so many stains on it that it needs to be replaced
5. The Trade Union member’s meeting is downstairs in the Conference Room
6. Mr. And Mrs. Taylor have moved in next door to us
7. Two cards and a coach were involved in the motorway accident
8. His application form for the new job, which was posted yesterday, has gone missing
9. My neighbour plays his music so loud that the walls almost vibrates
10. Ricardo does not care whether United or City is winning
11. The bouquet of flowers has just arrived
12. He makes use of the computer now, and even writes reports for the manager with it

UNIT 6 Reading Skill 2
Exercise 4, page 74
1. a. Park in California too general
b. Redwood trees in California the topic
c. The age of redwoods too specific

2. a. The land in Scotland too specific
b. How trees hold earth in place too general
c. Forests in Scotland the topic

3. a. The importance of forests the topic
b. Taking vacations in forests too specific
c. Large forests too general

Exercise 5, page 75
1. Topic : Lightning
2. Topic : Kind of clouds

Exercise 6, page 76
1. Drinking water comes from a few different places
2. Drinking water problems
3. The ways to use less water

Exercise 7, page 77
1. Galileo Galilei’s background
2. How things fall Galileo experiments
3. The life of a scientist wasn’t always easy

Exercise 8, page 78
1. One sentence does not belong with the others : in some countries, people drink tea with every meal
Topic : how to make tea
2. One sentence does not belong with the others : They also liked other foods from the Middle East
Topic : The coffee’s grow
3. One sentence does not belong with the others : another good snack is apple juice
Topic : Orange juice is popular cold drinks

Exercise 9, page 80
1. B. Clothes can tell a lot about person
2. B. Clothes have to be chosen carefully when you travel
3. C. Clothes today are different from the clothes of the 1800s

Exercise 10, page 81
1. C. Chemistry studied chemicals in strange ways
2. C. Robert Boyle helped to start the science of chemistry
3. A. Antoine L learned an important fact by doing experiments