Unit 5 - Financial

The Role of Finance

B.

1. They must first spend money.

2. Revenues from sales of the firm’s products.

3. The one who keep track of how money is flowing into and out of the firm.

4. They decide how the available funds will be used, how much money is needed, and where to get it.

5. Financial management is the art and science of managing a firm’s money so it can meet the goals.

6. Main function of accountant is to collect and present financial data.

7. The basis of financial decision is cash flow and outflow cash.

8. Their jobs are analyze data prepared by accountants, and prepare and implement financial plans.

9. Their jobs are to coordinate information from such areas as marketing and production to develop and carry out financial’ strategies.

10. In a small firm, finance function may be handled by either the accounting department or one or two people.

11. The key activities of financial managers are financial planning, investment, and financing.

12. Budgets are formal written forecast of revenues and expenses.

13. The function of budgets are to control expenses and compare the actual performance to the forecast.

14. Three types of budgets are cash budgets, capital budgets, and operating budgets.

C.

Exercise 1

1. B. financial manager

2. C. budget

3. A. cash budget

4. C. financial manager

5. B. budget

Exercise 3

1. T

2. T

3. T

4. T

5. T

6. F

7. F

8. F

Exercise 4

NOUN	VERB
equipment	equip
relation	relate
Statement	state
preparation	prepare
coordination	coordinate
information	inform
develoment	develop
estimation	estimate
combination	combine
consideration	consider

Exercise 5

1. Capital

2. Last

3. Primary

4. Acquire

5. Consideration

6. Utilizes

7. Repaid

8. Expect

Rules for Subject-verb Agreement

Exercise 1

1. Need

2. Watch.

3. Has

4. Looks

5. Use

6. Were

7. Seem

8. Seem

9. Are

10. Cause

Exercise 2

1. B. come

2. A. is

3. B. want

4. A. are

5. B. needs

6. B. looks

7. A. hopes

8. A. needs

9. B. are

10. A. thinks