TIẾNG ANH CHUYÊN NGÀNH 2 học VIỆN tài CHÍNH

What are differences between financial accounting and management accounting UNIT 22: financial statement 31?. What are different sources of data needed in financial analysis?. For what

ĐỀ CƯƠNG TIẾNG ANH CHUYÊN NGÀNH 2

ENGLISH FOR FINANCE 2

PHẦN I TRẢ LỜI CÂU HỎI

1.CÂU HỎI

UNIT 16: Corporate finance

1 What does “corporate finance” refer to?

2 What are main objectives of corporate finance?

3 What are functions of corporate finance?

4 What does corporate finance include? ( What are activities of corporate finance?)

5 What are the tasks of the finance manager in monitoring the finance?

UNIT 17: Funding the business

6 What are four form of equity?

7 What are advantages and disadvantages of owner’s capital?

8 What are advantages and disadvantages of venture capital?

9 What are advantages and disadvantages of the unlisted securities market?

10 What are advantages and disadvantages of the stock

exchange?

11 What are advantages and disadvantages of thelong term loans

?

UNIT 18: Working capital

12 What is one of the functions of financial management?

13 What are two types of working capital?

14 What are the tasks of the finance manager in managing

18 How can explain 4Ps of the marketing mix? (what are

elements of the marketing mix?)

19 Prove that price plays an important role in the economy? (whatare the important roles of price?)

20 What are the most common mistakes in setting the price?

21 What should companies do to handle pricing well?

22 What are the different ways of setting prices?

23 What is the difference between setting prices now and setting prices in the past?

UNIT 21: What is accounting

24 What is accounting information and how is it necessary?

25 What is the accounting process?

26 What is financial accouting (information)?

27 What is management accounting (information)?

28 What is tax accounting (information)?

29 What are 3 types of accounting information?

30 What are differences between financial accounting and

management accounting

UNIT 22: financial statement

31 What are financial statements used for?

32 What are 3 common financial statements?

UNIT 25: Fiancial analysis

33 What is financial analysis? How important is it?

34 What are different sources of data needed in financial

analysis?

35 How are financial ratios classified?

36 For what purpose is financial analysis used internally?

37 For what purpose is financial analysis used externally

38 What do three types of financial statements show / indicate?

UNIT 26: Auditing

39 What do internal auditors do?

40 What different emphases can be placed on an internal

auditor’s report?

41 What are strengths (advantages) and weaknesses

(disadvantages) of internal auditing?

UNIT 27: International business

42 What advantages have most countries derived from world

trade?

43 How can trading nations benefit from international business?

44 What are the reason why the government tries to control the imports and exports of a country?

45 How do goverments encourage exports and restrict imports?

46 How do Government encourage exports and restric imports

UNIT 29: Trade barrier

47 What reasons do nations commonly use trade barriers?

48 What are the most common used trade barriers?

UNIT 30: Trade surpluses and deficits

49 What are measure of a country’s trade?

50 How are trade deficits and surplus balanced?

2.ĐÁP ÁN

UNIT 16

1 What does “corporate finance” refer to?

Corporate finance refers to identify the various financial dealings

undertaken by a corporation

2 What are main objectives of corporate finance?

-making wise use of the financial resources, developing an operating budget for all financial needs of the company, tracking income generated together with other departments of the company from available

-achieving the maximum profits

3 What are functions of corporate finance?

Are to make wise use of the financial resources available to the

company

4 What does corporate finance include? ( What are activities of corporate finance?)

Corporate finance includes planning, raising, investing and monitoring

of finance in order to achieve the financial objectives of the company

5 What are the tasks of the finance manager in monitoring the finance?

The finance manager has to minimize the cost of finance, the wastage and misuse of finance, and the risk of investment of finance He also has

to get maximum return on the finance

UNIT 17

6 What are four form of equity?

They are owner’s capital, venture capital, unlisted and listed

Securities market, The Stock exchange

7 What are advantages and disadvantages of owner’s capital?

-Dis: the owner’s equity will be repaid only after everyone else

including employees, creditors, banks…, has received what they are owed

-Ad: in successful times, the owners have a claim on all the net profit

of company

8 What are advantages and disadvantages of venture capital?

-The advantages of venture capital is that the venture capital

company does not usually interfere in the running of the company

- Disadvantages: the venture capital company usually demands a much faster and higher rate of return than an owner would expect from his/her own capital

9 What are advantages and disadvantages of the unlisted

securities market?

The unlisted securities market has the advantages of allowing a

company to raise money from outside investors without losing much control of the company

-dis: only available to small or medium size companies

10 What are advantages and disadvantages of the stock exchange?

The stock exchanges has the advantage of providing the long – termopportunity of raising capital by issuing fresh shares

-dis: at least 25% of the equity must be in public hands – thereby reducing the control of the original owners

11 What are advantages and disadvantages of thelong term loans ?

- advantages : can go to sources such as the clearing banks,

merchant banks and even pensionmfunds

- disadvantages : in all three cases they will usually secure their

debt over the fixed assets of the business and interest must be paid,usually liked to bank base rate

UNIT 18

12 What is one of the functions of financial management?

One of the functions of financial management is to provide t he correct amount of working capital at the right time and in the right place to realize the greatest return on investment.

13 What are two types of working capital?

Two types of working capital are permanent working capital and temporary working capital Permanent working capital is tied up in keeping the business flowing throughout the year, while temporary working capital is needed from the time to take account of seasonal,cyclical or unexpected fluctuation in the business

14 What are the tasks of the finance manager in managing inventories?

It’s the job of the finance mangager to minimize the stocks of raw materials, the level of the work in progress and the quantity of

16 What are the tasks of finance manager in managing cash?

It’s the task of the finance manager to ensure that adequate cash is always available for meeting the company’s day-to-day debts and that there is also a small reserve on hand to meet contingencies

marketing concept, on the contrary, assumes that the producer’s task is to find wants and fill them, producers maker products that will be bought

18 How can explain 4Ps of the marketing mix? (= what are elements of the marketing mix?)

4Ps of the marketing mix are product, place, pomotion and price Products include quality, featuresm style, brand name, size,

packaging, services and guarantee Place includes distribution

channels, location of points of sale, transport, inventory size

Promotion groups together advertising, publicity, sales promotion and personal selling Price includes the basic list price, discounts, thelength of the payment period, credit terms,

UNIT 20

19 Prove that priice plays an important role in the

economy (what are the important roles of price?)

Price plays an important role in the economy It’s major determinant

of buyer choice It’s one of the most important elements determiningcompany market share and profitability It’s only element in the marketing mix that produces revenue

20 What are the most common mistakes in setting the price?

The common mistakees companies usually make are that:

- Pricing is too cost oriented

- Price is not revised often enough to capitalize on market changes

- Price is set independently of the rest of marketing mix rather than as an intrinsic element of marketing-positioning strategy

- Price is not varied enough for different product items and market segments

21 What should companies do to handle pricing well?

Should consider prices in relation to order factors includuding other 3Ps of marketing mix: prices shouldn’t boe to cost oriented, sould berevised often enough to capitalize on market changes, should be mvaried enough for different product items and marketing segment

22 What are the different ways of setting prices?

Price are set in different ways in different types of companies In small companies, prices are often set by top management In large companies, prices are handled by divisional and product – line

managers In industries, prices are determined by a pricing

decisions

25 What is the accounting process?

The accounting process produces accounting information used by decision makers in making economic decisions and taking specific actions These decisions and actions result in economic activities that continue thehh cycle.

26 What is financial accouting (information)?

Financial accounting refers to information describing financial

resources, obligations and activities of an economici entity Financialaccounting information is designed primarily to assist investors and creditors in deceding where to place their scarce investment

resourcves

27 What is management accounting (information)?

Management accouting involves the development and interpretation

of accounting information Management accouting information is designed to assist management in running the business, in setting the company’s overall goals, evaluating the performance of

departments and individuals, deciding whether to introduce a new line of prducts, and in making virtually all types of managerial

decisions

28 What is tax accounting (information)?

Tax accounting feter to the preparation of income tax returns The tax accounting information is often adjusted or reorganized to

conform with income tax reporting requirements

29 What are 3 types of accounting information?

They are financial accounting, management accouting and tax

accounting

30 What are differences between financial accounting and

management accounting

-Financial accounting information is public information and

management accounting information is confidential information.- Financial accounting is used investors in deciding where to place theirscarce investment resources

- Management accounting is used to set the company’s overall goals, evaluate the performance of departments and individuals

UNIT 22

31 What are financial statements used for?

They are used as a basis for business decisions such as allocation of financial resources, development of new products, and expansion of operations They are also used for determining income taxes

liabilities

32 What are 3 common financial statements?

They are the balance sheet, the income statement and the

cash flow statement The balance sheet shows the company’s

financial situation on a particular date The income statement shows earnings and expenditure The cash flow statement shows the flow

of cash in and out of the business between balance sheet dates

UNIT 25

33 What is financial analysis? How important is it?

Financial analysis is the selection, evaluation, and interpretation of financial data It is used internally to evaluate issues such as

employee performance, efficiency of operations and credit policies, and externally to evaluate potential investments and the credit-worthiness of borrowers, among other things Therefore it is very important because it assists many decision makers to make

investment or financial decisions

34 What are different sources of data needed in financial analysis?

They are financial statement data, market data, and economic data The financial statement data is the data provided by the company inits annual reports and required disclosures Market data such as the market prices of securities is found in the financial press and the electronic media daily Another source is economic data such as GDP

or CPI that readily available from government and private sources

35 How are financial ratios classified?

Ratios can be classified according to the way they are constructed and their general characteristics By construction, ratios can be classified as a coverage ratio, a return ratio, a turnover ratio and a component percentage According to their general characteristics, they can be classified into a liquidity ratio, a profitability ratio, an activity ratio, a financial levaerage ratiom a shareholder ratio and a return on investment ratio

36 For what purpose is financial analysis used internally?

Financial analysis may be used internally to evaluate issues such as employee performance, the efficiency of operations, and credit policies

37 For what purpose is financial analysis used externally

Financial analysis may be used externally to evaluate potential investments and the credit-worthiness of borrowers, among other things

38 What do three types of financial statements show / indicate?

the balance sheet, the income statement and the cash flow

statement

UNIT 26

39 What do internal auditors do?

Internal auditor continuously review operating procedures and

financial records and report to management on the current state of the company’s fiscal affairs They also make suggestions to

management for improvements in the standard operating

procedures They check the accounting records in regard to

completeness and accuracy, making sure that all irregularities are corrected

40 What different emphases can be placed on an internal auditor’s report?

The emphasis placed on different parts of the internal auditor’s report varies from company to company In some organizations, the auditor’s major or even sole function is to report on the

completeness an accuracy of the books of account, as the financial records are known collectively In more progressive companies, greater attention may be paid to the auditor’s suggestions

41 What are strengths (advantages) and weaknesses

(disadvantages) of internal auditing?

Thanks to internal audit, management knows the current state of thecompany’s fiscal affairs and any deviations from the standard

operating procedures, as well as receives suggestions for

improvements in the standard operating procedures However, a weakness exists in internal auditing If a report is unfavorable, it may not be shown to the person in management who can correct the problem As a result, managgement receives the false

impression on the company’s business

International business brings benefits to both exporting and

importing nations Exporting countries receive money, increase production, expand their market and develop their economy from exporting goods and services Whereas, consumers of importing countries can have wider choice of goods or services at lower prices

44 What are the reason why the government tries to

control the imports and exports of a country?

The government tries to control the imports to protec the domestic industries and provide employment for the population By contrast, the government tries to control the exports because a country enjoy

an advantage if it exports more than it imports and wealth accrues

to the exporting country

45 How do goverments encourage exports and restrict imports?

They have special programs to encourage exports such as providing marketing information, establishing trade missions, subsidizing exports and providing tax benefits or incentives On the other hand, governments impose taxes and quotas to restrict imports of certain products

46 How do Government encourage exports and restric imports?

-They have special programs to encourage exports such as:

poviding marketing information , establishing trade missions,

-impose taxes and quotas to restrict imports of certain product Dumping is the seliing on a foreign market at a price below the cost

of production

UNIT 29

47 What reasons do nations commonly use trade barriers?

Nations commonly use trade barriers to protect domestic

employment, to protect re;atove;y young domestic industries, to prevent unfair trade practices of foreign firms, to prevent dumping, and to protect firms and industries that procduce output vital to the security and defense of the nation

48 What are the most common used trade barriers?

They are tariffs on imports, quotas on imports, subsidies and

embargoes Tariffs are simply taxes placed on imports, Quotas are

simply a quantity restriction placed on a good, service or activity Subsidies are often placed to protect domestic industries

Embargoes basically prohibit the import or export of anything with another country

UNIT 30

49 What are measure of a country’s trade?

They are the merchandise trade balance, the current account, the capital account, and the balance of payments The merchandise trade balance looks only at visible goods The current account

includes a country’s exports and imports of services, in addition to

its visible trade The capital account includes all the payments and transfer of funds The balance of payments includes not onley

payments abroad, but the goods, services, and all transfer of funds that cross international borders

50 How are trade deficits and surplus balanced?

They are balanced by payments that make up the difference A country with a current account surplus can use the extra money to invest abroad or it can put it in its reserves A country running a current account deficit has to look abroad for loans and investments,

or be forced to dip into its own reserves to pay for its excessive imports

Attain = achieve = gain đạt đc

Acquisition = purchase Mua hàng

Aerospace Vũ trụ hang không

Account receivable khoản phải thu

Affairs vấn đề, công việc

Arise xảy ra, phát sinh

Abundance dồi dào

Ad valorem thuế theo giá trị

Assortment Rào cản

Aggregate kết hợp lại/ toàn bộ

Accessing to sth tiếp cận cái gì

B

Base rate Lãi suất cơ bản

Bankruptcy Phá sản

Be broken down into = divide into = insolate by Chia thành

Basic offer Chào hàng cơ bản

Bargaining Thương lượng, trả giá, mặc cảBalance sheet bảng cân đối kế toán

C

Configuration Sự hình thành

Tobe Charged with Đc giao nhiệm vụ

Clearing bank Thanh toán bù trừ

Collateral Tài sản đảm bảo

Come into existence = to be bond được đưa ra

To be cost oriented Hướng đến chi phí

Credit-worthiness Tín dụng đáng tin cậy

Chain of retail outlets chuỗi cửa hang bán lẻ

Charge higher prices Áp giá cao

Curtail = limit Hạn chế/rút ngắn

Current account Tài khoản vãng laiCookie jar = foreign currency reserve Tài khoản dự trữ ngoại tệCapital account Tài khoản vốn

D

Dealing= transaction Giao dịch

Debenture = bond Trái phiếu

Division = department Bộ phận

Debt financing Việc huy động vốn vayDisruption Phá vỡ

Day-to-day debt Nợ nóng

Distinguish Phân biệt

Distribution Channel Kênh phân phối

Determinant Yếu tố quyết định

Dominant vượt trội

Demographic Nhân khẩu học

Declaration sự tuyên chiến

E

Equity capital vốn cổ phần/ vốn chủ

Extreme case Trường hợp xấu

Fresh share Cổ phiếu mới

Financial position Tình hình tài chínhFinished good Thành phẩm

Failure Thiếu khá năng

Fust in time philosophy Nguyên tắc kịp thờiFluctuation sự biến động

Financial press ấn bản tài chính