Unit 9. Financial analysis and the project participants

Exercise 1. Expand on the statements:

1. Finance is the art of passing currency from hand to hand until it finally disappears. Robert W. Sarnoff.

2. A man’s feet must be planted in his country, but his eyes should survey the world. George Santayana.

Exercise 2. Read the following international words and try to guess their meaning:

practical

potential

technical

economic

social

aspect

plan

method

tariff

control

demonstrate

structure

coordinate

historical

formulate

information

group

fundamental

statistical

publish

Exercise 3. Choose from the text the words with the following suffixes, place them in the alphabetical order and translate them.

- ment – суффикс существительного

- tion – суффикс существительного

- al – суффикс прилагательного

Exercise 4. Read the following words and word combinations. Use them in sentences of your own.

to provide a practical means – обеспечивать (служить) практическим инструментом (средством)

an integral part – неотъемлемая часть

to determine the financial viability – определять финансовую жизнеспособность

to assess the adequacy – оценивать соответствие (адекватность)

to advise on – давать советы

internal rate of return (IRR) – внутренняя доходность (рентабельность, прибыльность)

net present value (NPV) – чистая приведенная стоимость

to satisfy the financial requirements – удовлетворять финансовым требованиям

to communicate measurements and information – передавать расчеты (измерения) и информацию

to monitor the progress of the project activities – следить за прогрессом деятельности проекта

to ascertain the security – удостоверяться в безопасности

to give the best advice – дать наилучший совет

to judge the ability – судить о способности

the prospects for expansion and for continuing employment – перспективы расширения и дальнейшего трудоустройства

to assess the creditworthiness – оценивать кредитоспособность

to check on excessive profiteering – проверять чрезмерную прибыль

to assess tax liability – оценивать налоговую ответственность

to regulate the relationship – регулировать отношения

to collect and publish statistical data – собирать и публиковать статистические данные

Exercise 5. Read the title of the text and predict the main ideas of the text.

Exercise 6. Read the text and find out:

1. What does financial analysis provide?

2. What are the main goals of the financial analysis?

3. What does financial liability include?

4. What do the Financial Planning and Control include?

5. What are four questions which management is likely to be interested in during the course of implementation?

6. What is the fundamental objective of all financial statements?

7. What participants of the project can you name and how do they use financial data?