Professional English in Use Finance

by Ian MacKenzie

• ISBN13: 9780521616270
• ISBN10: 0521616271
• Edition: 1st
• Format: Paperback
• Copyright: 2006-07-03
• Publisher: Cambridge University Press

Summary

Professional English in Use Finance is suitable for intermediate students and above. It includes 50 units covering all aspects of financial vocabulary from Accounting to Borrowing and Lending, Central Banking to Venture Capital and many more areas including financial idioms and metaphors. Primarily designed as a self-study reference and practice book, it can also be used for classroom work and one-to-one lessons. This book is a must for both trainers and learners of ESP and Business English who need to use English in a financial environment. ,

Table of Contents

Introduction	6	(2)
BASIC TERMS
Money and income	8	(2)
Currency
Personal finance
Business finance	10	(2)
Capital
Revenue
Financial statements
ACCOUNTING
Accounting and accountancy	12	(2)
Accounting
Auditing
Laws, rules and standards
Bookkeeping	14	(2)
Double-entry bookkeeping
Day books and ledgers
Balancing the books
Company law 1	16	(2)
Partnerships
Limited liability
Founding companies
Company law 2	18	(2)
Private and public companies
AGMs
Accounting policies and standards	20	(2)
Valuation and measurement
Historical cost and inflation accounting
Accounting assumptions and principles	22	(2)
Assumptions
Principles
Depreciation and amortization	24	(2)
Fixed assets
Valuation
Depreciation systems
Auditing	26	(2)
Internal auditing
External auditing
Irregularities
The balance sheet 1	28	(2)
Assets, liabilities and capital
Shareholders' equity
The balance sheet 2: assets	30	(2)
Fixed and current assets
Valuation
Tangible and intangible assets
The balance sheet 3: liabilities	32	(2)
Liabilities
Accrued expenses
Shareholders' equity on the balance sheet
The other financial statements	34	(2)
The profit and loss account
The cash flow statement
Financial ratios 1	36	(2)
Types of financial ratio
Liquidity and solvency ratios
Earnings and dividends
Financial ratios 2	38	(2)
Profitability
Leverage
Cost accounting	40	(2)
Direct and indirect costs
Fixed and variable costs
Breakeven analysis
Pricing	42	(2)
Manufacturers' pricing strategies
Retail pricing strategies
BANKING
Personal banking	44	(2)
Current accounts
Banking products and services
E-banking
Commercial and retail banking	46	(2)
Commercial and retail banks
Credit
Loans and risks
Financial institutions	48	(2)
Types of financial institution
Deregulation
Specialized banks
Investment banking	50	(2)
Raising capital
Mergers and acquisitions
Consulting and research
Central banking	52	(2)
The functions of central banks
The central bank and the commercial banks
Central banks and exchange rates
Interest rates	54	(2)
Interest rates and monetary policy
Different interest rates
Money markets	56	(2)
The money markets
Common money market instruments
Repos
Islamic banking	58	(2)
Interest-free banking
Types of accounts
Leasing and short-term loans
Money supply and control	60	(2)
Measuring money
Changing the money supply
Monetarism
CORPORATE FINANCE
Venture capital	62	(2)
Raising capital
Return on capital
Stocks and shares 1	64	(2)
Stocks, shares and equities
Going public
Ordinary and preference shares
Stocks and shares 2	66	(2)
Buying and selling shares
New share issues
Categories of stocks and shares
Shareholders	68	(2)
Investors
Dividends and capital gains
Speculators
Share prices	70	(2)
Influences on share prices
Predicting prices
Types of risks
Bonds	72	(2)
Government and corporate bonds
Prices and yields
Other types of bonds
Futures	74	(2)
Commodity futures
Financial futures
Derivatives	76	(2)
Options
In-the-money and out-of-the-money
Warrants and swaps
Asset management	78	(2)
Allocating and diversifying assets
Types of investor
Active and passive investment
Hedge funds and structured products	80	(2)
Hedge funds
Leverage, short-selling and arbitrage
Structured products
Describing charts and graphs	82	(2)
Increase and decrease
Rate of change
High points, low points, and staying the same
Mergers and takeovers	84	(2)
Mergers, takeovers and joint ventures
Hostile or friendly?
Integration
Leveraged buyouts	86	(2)
Conglomerates
Raiders
Financial planning	88	(2)
Financing new investments
Discounted cash flows
Comparing investment returns
Financial regulation and supervision	90	(2)
Government regulation
Internal controls
Sarbanes-Oxley
ECONOMICS AND TRADE
International trade	92	(2)
Trade
Balance of payments
Protectionism
Exchange rates	94	(2)
Why exchange rates change
Fixed and floating rates
Government intervention
Financing international trade	96	(2)
Documentary credits
Bills of exchange
Export documents
Incoterms	98	(2)
Transport and additional costs
The E and F terms
The C and D terms
Insurance	100	(2)
Insuring against risks
Life insurance and saving
Insurance companies
The business cycle	102	(2)
Expansion and contraction
Fiscal policy
Monetary policy
Taxation	104	(2)
Direct taxes
Indirect taxes
Non-payment of tax
Business plans	106	(2)
Market opportunities
The company, the product and the market
The financial analysis
Language reference	108	(6)
Market idioms
Numbers
Word stress
British and American vocabulary
Answer key	114	(18)
Index	132	(8)
Acknowledgements	140