Professional English in Use Finance

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. ,

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

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Professional English in Use Finance

Summary

Table of Contents

Supplemental Materials